Chesapeake Utilities Corporation (NYSE:CPK) Stock Has Consensus Target Price of $144.50 According to Analysts

Chesapeake Utilities Corporation (NYSE:CPK – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $144.50.

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company set a $136.00 price objective on shares of Chesapeake Utilities and gave the company an “equal weight” rating in a research note on Wednesday, September 30th. Wall Street Zen lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Mizuho set a $150.00 target price on Chesapeake Utilities and gave the stock an “outperform” rating in a research report on Friday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Chesapeake Utilities in a research note on Tuesday. Finally, Huntington started coverage on Chesapeake Utilities in a research report on Monday, September 14th. They issued an “outperform” rating and a $150.00 price target on the stock.

Check Out Our Latest Stock Report on Chesapeake Utilities

Institutional Investors Weigh In On Chesapeake Utilities

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Chesapeake Utilities in the second quarter worth about $459,185,000. Wellington Management Group LLP lifted its position in shares of Chesapeake Utilities by 4.4% during the second quarter. Wellington Management Group LLP now owns 939,774 shares of the utilities provider’s stock worth $115,104,000 after purchasing an additional 39,754 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Chesapeake Utilities by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 554,714 shares of the utilities provider’s stock valued at $69,217,000 after purchasing an additional 6,808 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Chesapeake Utilities during the second quarter valued at approximately $25,935,000. Finally, Energy Income Partners LLC acquired a new stake in shares of Chesapeake Utilities in the second quarter valued at approximately $25,080,000. Institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Price Performance

Shares of NYSE:CPK opened at $127.89 on Tuesday. Chesapeake Utilities has a 1-year low of $118.88 and a 1-year high of $140.83. The firm has a market capitalization of $3.08 billion, a PE ratio of 20.40 and a beta of 0.65. The business’s 50 day moving average is $131.67 and its 200-day moving average is $128.48. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 0.79.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The firm had revenue of $201.90 million for the quarter, compared to the consensus estimate of $198.91 million. Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. Sell-side analysts predict that Chesapeake Utilities will post 6.41 earnings per share for the current year.

Chesapeake Utilities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Monday, September 14th were issued a dividend of $0.7350 per share. This represents a $2.94 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, September 14th. Chesapeake Utilities’s dividend payout ratio is presently 46.89%.

About Chesapeake Utilities

(Get Free Report)

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy delivery company headquartered in Dover, Delaware. Through its operating divisions and subsidiaries, the company provides natural gas distribution, transmission and storage, propane distribution, electric distribution, and other energy-related services to residential, commercial, industrial and institutional customers.

The company operates regulated natural gas utilities in Delaware, Maryland and Florida, as well as natural gas transmission and pipeline businesses serving portions of the Mid-Atlantic and Southeast.

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Analyst Recommendations for Chesapeake Utilities (NYSE:CPK)

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