Chesapeake Utilities (NYSE:CPK) Coverage Initiated by Analysts at Huntington

Key Points

• Huntington initiated coverage of Chesapeake Utilities with an “outperform” rating and a $150 price target, implying approximately 16.3% upside from the stock’s current price.
• Analyst sentiment is generally positive: Chesapeake Utilities has a consensus “Moderate Buy” rating and an average price target of $144, although ratings range from “buy” to “sell.”
• Shares recently traded at $128.98, down 0.6%. The company slightly missed quarterly EPS estimates, reporting $1.05 versus the $1.07 consensus, while revenue rose 4.7% year over year to $201.9 million.

Analysts at Huntington assumed coverage on shares of Chesapeake Utilities (NYSE:CPK - Get Free Report) in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm set an "outperform" rating and a $150.00 price target on the utilities provider's stock. Huntington's target price suggests a potential upside of 16.29% from the stock's current price.

A number of other research firms have also commented on CPK. Wells Fargo & Company upped their price target on shares of Chesapeake Utilities from $132.00 to $134.00 and gave the company an "equal weight" rating in a report on Monday, August 10th. Weiss Ratings raised shares of Chesapeake Utilities from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 10th. Mizuho set a $150.00 price target on shares of Chesapeake Utilities and gave the stock an "outperform" rating in a report on Friday. Finally, Wall Street Zen cut shares of Chesapeake Utilities from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $144.00.

Chesapeake Utilities Trading Down 0.6%

CPK stock traded down $0.84 during trading on Monday, hitting $128.98. 6,708 shares of the company traded hands, compared to its average volume of 157,498. The company has a 50-day moving average of $132.92 and a 200-day moving average of $128.88. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.28 and a current ratio of 0.32. 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 $3.11 billion, a PE ratio of 20.63 and a beta of 0.67.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.07 by ($0.02). The company had revenue of $201.90 million during the quarter, compared to analysts' expectations of $198.91 million. Chesapeake Utilities had a return on equity of 9.34% and a net margin of 15.12%.Chesapeake Utilities's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $1.04 earnings per share. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. Analysts predict that Chesapeake Utilities will post 6.42 earnings per share for the current fiscal year.

Institutional Trading of Chesapeake Utilities

Large investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd purchased a new position in Chesapeake Utilities during the 2nd quarter valued at $233,000. Engineers Gate Manager LP purchased a new stake in shares of Chesapeake Utilities in the 2nd quarter worth about $717,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Chesapeake Utilities in the 2nd quarter worth about $52,000. Allworth Financial LP boosted its stake in shares of Chesapeake Utilities by 53.2% during the 2nd quarter. Allworth Financial LP now owns 544 shares of the utilities provider's stock valued at $67,000 after purchasing an additional 189 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake 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 purchasing an additional 114 shares in the last quarter. Institutional investors own 83.11% of the company's stock.

About Chesapeake Utilities

Chesapeake Utilities Corporation is a diversified energy delivery company headquartered in Dover, Delaware. Founded in 1859, the company operates regulated and unregulated businesses that provide natural gas, propane, electric power and related energy services to residential, commercial, industrial and institutional customers.

Its operations include natural gas distribution and transmission, propane distribution, wholesale and retail energy marketing, compressed natural gas and liquefied natural gas services, and energy logistics.

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