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

Key Points

• Chesapeake Utilities provided FY 2025 earnings guidance with an EPS range of 6.150-6.35, slightly below the consensus estimate of 6.274.
• Shares of Chesapeake Utilities saw a 0.8% increase, trading at $121.48 with a market cap of $2.83 billion.
• The company announced a quarterly dividend of $0.685, which offers an annualized yield of 2.3% and has a payout ratio of 50.65%.

Chesapeake Utilities (NYSE:CPK - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 6.150-6.35 for the period, compared to the consensus EPS estimate of 6.274. The company issued revenue guidance of -.

Chesapeake Utilities Stock Up 0.8%

Shares of Chesapeake Utilities stock traded up $0.94 during trading hours on Thursday, reaching $121.48. 81,543 shares of the company's stock were exchanged, compared to its average volume of 115,160. The company has a 50 day moving average of $121.30 and a two-hundred day moving average of $124.74. Chesapeake Utilities has a fifty-two week low of $111.00 and a fifty-two week high of $136.73. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.87. The stock has a market cap of $2.83 billion, a P/E ratio of 22.45 and a beta of 0.66.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. Chesapeake Utilities had a net margin of 14.69% and a return on equity of 9.19%. On average, sell-side analysts forecast that Chesapeake Utilities will post 5.39 EPS for the current fiscal year.

Chesapeake Utilities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Monday, September 15th will be issued a $0.685 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 2.3%. Chesapeake Utilities's payout ratio is 50.65%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. LADENBURG THALM/SH SH raised shares of Chesapeake Utilities to a "strong-buy" rating in a report on Friday, May 9th. Barclays dropped their target price on shares of Chesapeake Utilities from $124.00 to $120.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 22nd. Finally, Wall Street Zen cut shares of Chesapeake Utilities from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CPK. Royal Bank of Canada raised its holdings in Chesapeake Utilities by 8.0% in the 1st quarter. Royal Bank of Canada now owns 28,886 shares of the utilities provider's stock valued at $3,710,000 after acquiring an additional 2,139 shares during the period. AQR Capital Management LLC raised its holdings in Chesapeake Utilities by 69.6% in the 1st quarter. AQR Capital Management LLC now owns 6,283 shares of the utilities provider's stock valued at $807,000 after acquiring an additional 2,579 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Chesapeake Utilities by 6.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,452 shares of the utilities provider's stock valued at $1,728,000 after acquiring an additional 870 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 valued at $10,158,000 after acquiring an additional 2,312 shares during the period. Finally, Jane Street Group LLC raised its holdings in Chesapeake Utilities by 1,714.7% in the 1st quarter. Jane Street Group LLC now owns 47,328 shares of the utilities provider's stock valued at $6,078,000 after acquiring an additional 44,720 shares during the period. 83.11% of the stock is owned by 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.

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