Chesapeake Utilities (NYSE:CPK) Updates FY 2028 Earnings Guidance

Key Points

• Chesapeake Utilities updated its FY 2028 EPS guidance to 7.75–8.00, well above the consensus estimate of 6.52.
• The company beat last quarter's expectations with $2.47 EPS (vs. $2.38 expected) and revenue of $353.1M (vs. $339.86M), and declared a quarterly dividend of $0.685 (annualized $2.74, ~2.2% yield).
• Analysts hold a consensus of Moderate Buy with an average target of $142, while the stock trades around $125.81 and carries a P/E of 21.0.

Chesapeake Utilities (NYSE:CPK - Get Free Report) updated its FY 2028 earnings guidance on Wednesday. The company provided EPS guidance of 7.750-8.00 for the period, compared to the consensus EPS estimate of 6.520. The company issued revenue guidance of -.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Chesapeake Utilities in a research note on Friday, March 27th. Wall Street Zen raised Chesapeake Utilities from a "sell" rating to a "hold" rating in a report on Saturday, March 14th. Finally, Barclays set a $142.00 price objective on Chesapeake Utilities and gave the stock an "equal weight" rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $142.00.

Chesapeake Utilities Price Performance

CPK traded down $0.05 during midday trading on Wednesday, reaching $125.81. 110,487 shares of the company's stock were exchanged, compared to its average volume of 137,055. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.83. The business has a 50-day simple moving average of $129.15 and a two-hundred day simple moving average of $129.56. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 21.04 and a beta of 0.71. Chesapeake Utilities has a one year low of $115.24 and a one year high of $140.59.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.09. Chesapeake Utilities had a return on equity of 9.31% and a net margin of 15.09%.The company had revenue of $353.10 million for the quarter, compared to analyst estimates of $339.86 million. Chesapeake Utilities has set its FY 2028 guidance at 7.750-8.00 EPS. As a group, research analysts predict that Chesapeake Utilities will post 6.51 EPS for the current year.

Chesapeake Utilities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Monday, March 16th were given a $0.685 dividend. This represents a $2.74 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, March 16th. Chesapeake Utilities's dividend payout ratio is 45.82%.

Institutional Investors Weigh In On Chesapeake Utilities

Several large investors have recently made changes to their positions in the company. State Street Corp increased its position in shares of Chesapeake Utilities by 0.8% during the 2nd quarter. State Street Corp now owns 1,257,589 shares of the utilities provider's stock worth $152,023,000 after purchasing an additional 9,556 shares in the last quarter. Wellington Management Group LLP boosted its position in Chesapeake Utilities by 27.6% in the third quarter. Wellington Management Group LLP now owns 952,045 shares of the utilities provider's stock valued at $128,231,000 after buying an additional 205,742 shares in the last quarter. Invesco Ltd. boosted its position in Chesapeake Utilities by 3.0% in the third quarter. Invesco Ltd. now owns 590,793 shares of the utilities provider's stock valued at $79,574,000 after buying an additional 16,993 shares in the last quarter. Alliancebernstein L.P. grew its stake in Chesapeake Utilities by 831.0% during the third quarter. Alliancebernstein L.P. now owns 511,428 shares of the utilities provider's stock worth $68,884,000 after buying an additional 456,497 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Chesapeake Utilities by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 437,122 shares of the utilities provider's stock worth $54,536,000 after buying an additional 3,867 shares during the last quarter. Institutional investors own 83.11% of the company's stock.

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation NYSE: CPK is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.