Geode Capital Management LLC Raises Stock Position in Chesapeake Utilities Corporation $CPK

Posted by George Bondi on Jun 9th, 2026

Geode Capital Management LLC increased its stake in Chesapeake Utilities Corporation (NYSE:CPK – Free Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 554,714 shares of the utilities provider’s stock after purchasing an additional 6,808 shares during the quarter. Geode Capital Management LLC’s holdings in Chesapeake Utilities were worth $69,217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Chesapeake Utilities by 31.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 325 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 78 shares during the last quarter. Intrust Bank NA boosted its stake in shares of Chesapeake Utilities by 2.2% during the 4th quarter. Intrust Bank NA now owns 4,540 shares of the utilities provider’s stock worth $566,000 after acquiring an additional 97 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Chesapeake Utilities by 66.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 109 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Chesapeake Utilities by 5.9% during the 4th quarter. GAMMA Investing LLC now owns 2,221 shares of the utilities provider’s stock worth $277,000 after acquiring an additional 123 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Chesapeake Utilities by 25.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 613 shares of the utilities provider’s stock worth $82,000 after acquiring an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Wall Street Analyst Weigh In

CPK has been the topic of several analyst reports. Wall Street Zen upgraded shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Barclays set a $142.00 price target on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Wells Fargo & Company initiated coverage on shares of Chesapeake Utilities in a research note on Tuesday, May 12th. They set an “equal weight” rating and a $132.00 price target on the stock. Finally, Weiss Ratings upgraded shares of Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Chesapeake Utilities currently has a consensus rating of “Hold” and a consensus price target of $137.00.

Check Out Our Latest Analysis on CPK

Chesapeake Utilities Price Performance

CPK stock opened at $122.28 on Tuesday. The stock has a market cap of $2.93 billion, a PE ratio of 19.60 and a beta of 0.69. Chesapeake Utilities Corporation has a 12 month low of $117.64 and a 12 month high of $140.59. The company has a 50-day moving average price of $126.45 and a 200 day moving average price of $128.32. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80.

Chesapeake Utilities (NYSE:CPK – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.38 by $0.09. The company had revenue of $353.10 million for the quarter, compared to the consensus estimate of $339.86 million. Chesapeake Utilities had a net margin of 15.11% and a return on equity of 9.53%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.22 EPS. Chesapeake Utilities has set its FY 2028 guidance at 7.750-8.00 EPS. Equities research analysts anticipate that Chesapeake Utilities Corporation will post 6.51 earnings per share for the current year.

Chesapeake Utilities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be issued a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, June 15th. This is a positive change from Chesapeake Utilities’s previous quarterly dividend of $0.69. Chesapeake Utilities’s payout ratio is currently 43.91%.

Insider Activity

In related news, SVP Kevin J. Webber sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $127.37, for a total transaction of $254,740.00. Following the transaction, the senior vice president directly owned 12,652 shares in the company, valued at approximately $1,611,485.24. This represents a 13.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffry M. Householder sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $126.12, for a total transaction of $1,261,200.00. Following the transaction, the chief executive officer owned 63,001 shares in the company, valued at $7,945,686.12. The trade was a 13.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.36% of the company’s stock.

About Chesapeake Utilities

(Free Report)

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.