Chesapeake Utilities (NYSE:CPK) Issues FY 2025 Earnings Guidance

Chesapeake Utilities (NYSE:CPK - Get Free Report) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided EPS guidance of 6.150-6.350 for the period, compared to the consensus EPS estimate of 6.240. The company issued revenue guidance of -.

Chesapeake Utilities Trading Up 0.6%

Shares of Chesapeake Utilities stock traded up $0.68 during trading hours on Monday, reaching $119.38. The stock had a trading volume of 70,343 shares, compared to its average volume of 106,291. The firm has a 50 day simple moving average of $127.16 and a two-hundred day simple moving average of $125.53. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 24.21 and a beta of 0.66. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87. Chesapeake Utilities has a 1 year low of $102.64 and a 1 year high of $136.73.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.22 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 return on equity of 9.08% and a net margin of 14.16%. The business's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 earnings per share. As a group, equities research analysts anticipate that Chesapeake Utilities will post 5.39 earnings per share for the current year.

Chesapeake Utilities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be issued a $0.685 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from Chesapeake Utilities's previous quarterly dividend of $0.64. The ex-dividend date is Monday, June 16th. Chesapeake Utilities's dividend payout ratio (DPR) is 50.65%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CPK. Wall Street Zen downgraded Chesapeake Utilities from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Barclays dropped their target price on Chesapeake Utilities from $125.00 to $124.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Finally, LADENBURG THALM/SH SH upgraded Chesapeake Utilities to a "strong-buy" rating in a report on Friday, May 9th.

Institutional Investors Weigh In On Chesapeake Utilities

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its holdings in Chesapeake Utilities by 292.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider's stock worth $28,000 after purchasing an additional 164 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Chesapeake Utilities by 6.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,452 shares of the utilities provider's stock worth $1,728,000 after purchasing an additional 870 shares during the last quarter. Intech Investment Management LLC increased its holdings in Chesapeake Utilities by 24.2% during the 1st quarter. Intech Investment Management LLC now owns 10,866 shares of the utilities provider's stock worth $1,396,000 after purchasing an additional 2,120 shares during the last quarter. Royal Bank of Canada increased its holdings in Chesapeake Utilities by 8.0% during the 1st quarter. Royal Bank of Canada now owns 28,886 shares of the utilities provider's stock worth $3,710,000 after purchasing an additional 2,139 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Chesapeake Utilities by 3.0% in the 1st 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 acquiring an additional 2,312 shares in the last quarter. 83.11% of the stock is currently owned by hedge funds and other institutional investors.

About Chesapeake Utilities

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.