Chesapeake Utilities (CPK) Stock Price, News & Analysis

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chesapeake Utilities in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CPK shares.
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3 analysts have issued 12 month target prices for Chesapeake Utilities' stock. Their CPK share price targets range from $99.00 to $124.00. On average, they expect the company's share price to reach $107.00 in the next year. This suggests a possible upside of 2.1% from the stock's current price.
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Chesapeake Utilities' stock was trading at $105.63 at the start of the year. Since then, CPK shares have decreased by 0.8% and is now trading at $104.82.
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Chesapeake Utilities saw a increase in short interest in March. As of March 15th, there was short interest totaling 408,600 shares, an increase of 28.8% from the February 29th total of 317,300 shares. Based on an average daily volume of 152,300 shares, the short-interest ratio is currently 2.7 days.
View Chesapeake Utilities' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our CPK earnings forecast.

Chesapeake Utilities will be holding an earnings conference call on Thursday, May 9th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Chesapeake Utilities Co. (NYSE:CPK) issued its quarterly earnings results on Wednesday, February, 21st. The utilities provider reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.11. The utilities provider earned $185.30 million during the quarter, compared to the consensus estimate of $234.60 million. Chesapeake Utilities had a net margin of 13.01% and a trailing twelve-month return on equity of 10.19%. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the firm posted $1.47 EPS.

Chesapeake Utilities announced a quarterly dividend on Tuesday, February 20th. Shareholders of record on Friday, March 15th will be given a dividend of $0.59 per share on Friday, April 5th. This represents a $2.36 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for CPK.

Chesapeake Utilities (NYSE:CPK) pays an annual dividend of $2.36 per share and currently has a dividend yield of 2.34%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 49.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPK will have a dividend payout ratio of 37.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPK.

ETFs with the largest weight of Chesapeake Utilities (NYSE:CPK) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Low Volatility ETF (XSLV), IQ CBRE Real Assets ETF (IQRA), Tortoise North American Pipeline Fund (TPYP) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

Chesapeake Utilities's stock split on Tuesday, September 9th 2014. The 3-2 split was announced on Wednesday, July 2nd 2014. The newly created shares were payable to shareholders after the closing bell on Monday, September 8th 2014. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Chesapeake Utilities issued an update on its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of 5.330-5.450 for the period, compared to the consensus EPS estimate of 5.380. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Chesapeake Utilities investors own include AbbVie (ABBV), Consolidated Edison (ED), Enterprise Products Partners (EPD), AT&T (T), Verizon Communications (VZ), Dominion Energy (D), JPMorgan Chase & Co. (JPM), Pfizer (PFE), Exxon Mobil (XOM) and Chevron (CVX).

Chesapeake Utilities' stock is owned by a number of institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (0.60%), Maryland State Retirement & Pension System (0.12%), Hennessy Advisors Inc. (0.12%), Fruth Investment Management (0.08%), State of Alaska Department of Revenue (0.06%) and Cox Capital Mgt LLC (0.05%). Insiders that own company stock include Jeffery S Sylvester, Jeffry M Householder, John R Schimkaitis, John R Schimkaitis, Kevin J Webber, Lila A Jaber and Thomas P Hill Jr.
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Shares of CPK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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