Chesapeake Utilities Corporation (NYSE:CPK – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as $141.11 and last traded at $141.2150, with a volume of 27,431 shares. The stock had previously closed at $138.05.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on CPK. Wells Fargo & Company set a $136.00 target price on Chesapeake Utilities and gave the company an “equal weight” rating in a report on Wednesday, September 30th. Wall Street Zen lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Barclays set a $134.00 price objective on Chesapeake Utilities and gave the stock an “equal weight” rating in a research report on Monday, October 19th. Huntington assumed coverage on Chesapeake Utilities in a research report on Monday, September 14th. They set an “outperform” rating and a $150.00 target price for the company. Finally, Mizuho set a $150.00 price target on shares of Chesapeake Utilities and gave the stock an “outperform” rating in a report on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Chesapeake Utilities has a consensus rating of “Moderate Buy” and an average target price of $142.50.
Check Out Our Latest Report on Chesapeake Utilities
Chesapeake Utilities Price Performance
The stock has a market cap of $3.40 billion, a P/E ratio of 22.49 and a beta of 0.62. The company has a quick ratio of 0.28, a current ratio of 0.32 and a debt-to-equity ratio of 0.79. The business’s 50-day simple moving average is $131.17 and its two-hundred day simple moving average is $129.35.
Chesapeake Utilities (NYSE:CPK – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The business had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $198.91 million. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. Sell-side analysts expect that Chesapeake Utilities Corporation will post 6.40 EPS for the current year.
Chesapeake Utilities Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Monday, September 14th were given a dividend of $0.7350 per share. The ex-dividend date was Monday, September 14th. This represents a $2.94 annualized dividend and a dividend yield of 2.1%. Chesapeake Utilities’s dividend payout ratio is currently 46.89%.
Hedge Funds Weigh In On Chesapeake Utilities
A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in Chesapeake Utilities by 24.3% during the first quarter. EverSource Wealth Advisors LLC now owns 404 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 79 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Chesapeake Utilities by 38.8% in the 2nd quarter. Versant Capital Management Inc now owns 304 shares of the utilities provider’s stock worth $37,000 after buying an additional 85 shares during the last quarter. Corient Private Wealth LP raised its position in shares of Chesapeake Utilities by 1.7% during the 2nd quarter. Corient Private Wealth LP now owns 6,828 shares of the utilities provider’s stock valued at $836,000 after buying an additional 114 shares in the last quarter. Arizona State Retirement System raised its position in shares of Chesapeake Utilities by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 6,619 shares of the utilities provider’s stock valued at $811,000 after buying an additional 114 shares in the last quarter. Finally, Byrne Asset Management LLC raised its position in shares of Chesapeake Utilities by 11.4% during the 2nd quarter. Byrne Asset Management LLC now owns 1,176 shares of the utilities provider’s stock valued at $144,000 after buying an additional 120 shares in the last quarter. 83.11% of the stock is currently owned by institutional investors.
Chesapeake Utilities Company Profile
Chesapeake Utilities Corporation is an energy delivery company that provides natural gas, propane, electricity and related services to residential, commercial, industrial and institutional customers. Its operations include regulated utility businesses as well as unregulated energy and infrastructure activities.
The company distributes natural gas and electricity, transports natural gas through pipeline systems, and supplies propane and other fuels. It also develops and operates energy infrastructure and provides renewable natural gas and other energy solutions through its portfolio of operating subsidiaries.
Founded in 1859, Chesapeake Utilities serves customers primarily in Delaware, Maryland, Pennsylvania, Virginia, Florida and Ohio.
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