The Manufacturers Life Insurance Company Takes $1.41 Million Position in Chesapeake Utilities Corporation $CPK

Key Points

• The Manufacturers Life Insurance Company acquired 11,527 shares of Chesapeake Utilities, valued at approximately $1.41 million. 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 of $1.05 per share fell short of analysts’ $1.07 estimate. The company issued fiscal 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 payout and a 2.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $138.

The Manufacturers Life Insurance Company bought a new stake in shares of Chesapeake Utilities Corporation (NYSE:CPK - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,527 shares of the utilities provider's stock, valued at approximately $1,412,000.

Several other hedge funds have also bought and sold shares of CPK. BlackRock Inc. purchased a new position in Chesapeake Utilities during the second quarter valued at approximately $459,185,000. Vanguard Group Inc. raised its position in shares of Chesapeake Utilities by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,020,146 shares of the utilities provider's stock valued at $252,033,000 after purchasing an additional 49,789 shares during the period. State Street Corp lifted its stake 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 valued at $152,023,000 after buying an additional 9,556 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Chesapeake Utilities by 27.6% during the 3rd 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. Finally, Invesco Ltd. boosted its holdings in Chesapeake Utilities by 3.0% in the 3rd quarter. Invesco Ltd. now owns 590,793 shares of the utilities provider's stock worth $79,574,000 after buying an additional 16,993 shares during the period. Institutional investors own 83.11% of the company's stock.

Chesapeake Utilities Trading Up 1.0%

Shares of CPK opened at $132.18 on Friday. Chesapeake Utilities Corporation has a fifty-two week low of $118.88 and a fifty-two week high of $140.83. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.28 and a current ratio of 0.32. The company's fifty day moving average is $132.05 and its 200 day moving average is $128.99. The stock has a market capitalization of $3.19 billion, a PE ratio of 21.08 and a beta of 0.67.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.05 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $198.91 million. During the same period in the previous year, the business 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. Sell-side analysts expect that Chesapeake Utilities Corporation will post 6.42 earnings per share for the current fiscal year.

Chesapeake Utilities Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have commented on CPK. Wells Fargo & Company raised their price target on Chesapeake Utilities from $132.00 to $134.00 and gave the company an "equal weight" rating in a report on Monday, August 10th. Wall Street Zen downgraded Chesapeake Utilities from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings raised shares of Chesapeake Utilities from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $138.00.

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.

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