Energy Income Partners LLC Boosts Holdings in Chesapeake Utilities Corporation $CPK

Key Points

• Energy Income Partners LLC increased its stake in Chesapeake Utilities Corporation by **3.7%**, owning **74,608 shares** valued at **$9.58 million** as of the latest SEC filing.
• Chesapeake Utilities reported a **quarterly EPS of $1.04**, exceeding estimates, with revenue of **$192.80 million**, reflecting a **15.9% increase** year-over-year.
• The company announced a dividend of **$0.685** to be paid on **October 6th**, which represents an annualized dividend yield of **2.2%**.

Energy Income Partners LLC grew its position in shares of Chesapeake Utilities Corporation (NYSE:CPK - Free Report) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,608 shares of the utilities provider's stock after acquiring an additional 2,686 shares during the quarter. Energy Income Partners LLC owned 0.32% of Chesapeake Utilities worth $9,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management bought a new position in shares of Chesapeake Utilities during the first quarter valued at about $26,000. NBC Securities Inc. purchased a new position in shares of Chesapeake Utilities in the 1st quarter worth approximately $30,000. Byrne Asset Management LLC grew its holdings in shares of Chesapeake Utilities by 114.3% in the first quarter. Byrne Asset Management LLC now owns 270 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 144 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Chesapeake Utilities by 50.7% during the first quarter. Farther Finance Advisors LLC now owns 315 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 106 shares during the last quarter. Finally, Rossby Financial LCC bought a new stake in Chesapeake Utilities during the first quarter worth $61,000. Institutional investors own 83.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CPK shares. Wall Street Zen downgraded Chesapeake Utilities from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Barclays lowered their price objective on shares of Chesapeake Utilities from $124.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 22nd. Finally, LADENBURG THALM/SH SH raised shares of Chesapeake Utilities to a "strong-buy" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $124.50.

Chesapeake Utilities Price Performance

NYSE CPK traded down $0.07 during trading hours on Wednesday, hitting $123.08. The company had a trading volume of 155,546 shares, compared to its average volume of 96,274. The firm has a 50 day simple moving average of $122.65 and a 200 day simple moving average of $124.91. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.36 and a current ratio of 0.42. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 21.94 and a beta of 0.70. Chesapeake Utilities Corporation has a 52 week low of $115.12 and a 52 week high of $136.73.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Chesapeake Utilities had a net margin of 14.89% and a return on equity of 9.20%. The firm had revenue of $192.80 million during the quarter, compared to the consensus estimate of $182.45 million. During the same period last year, the firm earned $0.86 EPS. The business's quarterly revenue was up 15.9% compared to the same quarter last year. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.35 EPS. Equities research analysts expect that Chesapeake Utilities Corporation will post 5.39 earnings per share for the current year.

Chesapeake Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Monday, September 15th will be given a $0.685 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, September 15th. Chesapeake Utilities's dividend payout ratio (DPR) is 48.84%.

Chesapeake Utilities Profile

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.