Chesapeake Utilities (NYSE:CPK - Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided earnings per share guidance of 6.150-6.350 for the period, compared to the consensus earnings per share estimate of 6.240. The company issued revenue guidance of -.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. LADENBURG THALM/SH SH upgraded Chesapeake Utilities to a "strong-buy" rating in a research report on Friday, May 9th. Barclays dropped their target price on Chesapeake Utilities from $125.00 to $124.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Finally, Wall Street Zen lowered Chesapeake Utilities from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st.
Read Our Latest Analysis on CPK
Chesapeake Utilities Trading Down 0.7%
Shares of NYSE CPK traded down $0.83 during trading hours on Friday, reaching $118.63. The stock had a trading volume of 57,305 shares, compared to its average volume of 106,276. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 24.06 and a beta of 0.71. The business's fifty day moving average price is $127.59 and its two-hundred day moving average price is $125.76. Chesapeake Utilities has a 52-week low of $102.64 and a 52-week high of $136.73.
Chesapeake Utilities (NYSE:CPK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.28 by ($0.06). The firm had revenue of $298.70 million during the quarter, compared to analysts' expectations of $248.45 million. Chesapeake Utilities had a net margin of 14.16% and a return on equity of 9.08%. The firm's revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.10 EPS. Analysts expect that Chesapeake Utilities will post 5.39 EPS for the current fiscal year.
Chesapeake Utilities Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be issued a $0.685 dividend. This is a positive change from Chesapeake Utilities's previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 2.31%. Chesapeake Utilities's payout ratio is presently 50.65%.
Institutional Trading of Chesapeake Utilities
A number of large investors have recently modified their holdings of CPK. Royal Bank of Canada boosted its holdings in shares of Chesapeake Utilities by 8.0% in the first quarter. Royal Bank of Canada now owns 28,886 shares of the utilities provider's stock valued at $3,710,000 after purchasing an additional 2,139 shares during the period. AQR Capital Management LLC raised its stake in Chesapeake Utilities by 69.6% in the first quarter. AQR Capital Management LLC now owns 6,283 shares of the utilities provider's stock worth $807,000 after buying an additional 2,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Chesapeake Utilities by 6.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,452 shares of the utilities provider's stock worth $1,728,000 after buying an additional 870 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Chesapeake Utilities by 3.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,096 shares of the utilities provider's stock worth $10,158,000 after buying an additional 2,312 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in Chesapeake Utilities by 1,714.7% in the first quarter. Jane Street Group LLC now owns 47,328 shares of the utilities provider's stock worth $6,078,000 after buying an additional 44,720 shares in the last quarter. Hedge funds and other institutional investors own 83.11% of the company's stock.
About Chesapeake Utilities
(
Get Free Report)
Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida.
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