Bank of New York Mellon Corp Takes Position in Chesapeake Utilities Corporation $CPK

Key Points

• Bank of New York Mellon acquired 211,748 shares of Chesapeake Utilities worth approximately $25.9 million, taking an 0.88% stake. Institutional investors collectively own 83.11% of the company.
• Chesapeake Utilities reported quarterly revenue of $201.9 million, up 4.7% year over year, but earnings per share of $1.05 fell short of the $1.07 consensus estimate. The company issued FY 2026 EPS guidance of $7.75–$8.00.
• The company declared a quarterly dividend of $0.735 per share, equivalent to an annualized $2.94 and a 2.2% yield. Analysts maintain an average “Hold” rating with a $138 price target, while the stock recently traded at $132.51.

Bank of New York Mellon Corp purchased a new position in Chesapeake Utilities Corporation (NYSE:CPK - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 211,748 shares of the utilities provider's stock, valued at approximately $25,935,000. Bank of New York Mellon Corp owned about 0.88% of Chesapeake Utilities at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in Chesapeake Utilities by 94.7% during the second quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 108 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Chesapeake Utilities by 292.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 164 shares in the last quarter. Entrust Financial LLC acquired a new stake in shares of Chesapeake Utilities in the 4th quarter valued at $37,000. Versant Capital Management Inc lifted its stake in shares of Chesapeake Utilities by 38.8% in the 2nd quarter. Versant Capital Management Inc now owns 304 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 85 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in Chesapeake Utilities by 66.1% in the third quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider's stock worth $37,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 83.11% of the company's stock.

Chesapeake Utilities Price Performance

Shares of NYSE:CPK opened at $132.51 on Friday. The business has a 50 day moving average price of $131.18 and a 200 day moving average price of $129.00. Chesapeake Utilities Corporation has a twelve month low of $118.88 and a twelve month high of $140.83. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 21.13 and a beta of 0.68. The company has a quick ratio of 0.28, a current ratio of 0.32 and a debt-to-equity ratio of 0.79.

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

Chesapeake Utilities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Monday, September 14th will be given a dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $2.94 dividend on an annualized basis and a yield of 2.2%. Chesapeake Utilities's payout ratio is 46.89%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wall Street Zen lowered Chesapeake Utilities from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Wells Fargo & Company increased their price objective on Chesapeake Utilities from $132.00 to $134.00 and gave the company an "equal weight" rating in a report on Monday, August 10th. Finally, Weiss Ratings upgraded Chesapeake Utilities from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 10th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $138.00.

About Chesapeake Utilities

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.

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