Chesapeake Utilities Corporation (NYSE:CPK - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $128.57 and traded as high as $130.43. Chesapeake Utilities shares last traded at $129.93, with a volume of 134,091 shares traded.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Weiss Ratings reissued a "buy (b-)" rating on shares of Chesapeake Utilities in a report on Tuesday, October 6th. Mizuho set a $150.00 target price on Chesapeake Utilities and gave the stock an "outperform" rating in a report on Friday, September 11th. Wells Fargo & Company set a $136.00 target price on Chesapeake Utilities and gave the stock an "equal weight" rating in a report on Wednesday, September 30th. Wall Street Zen lowered Chesapeake Utilities from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Finally, Huntington started coverage on Chesapeake Utilities in a research report on Monday, September 14th. They issued an "outperform" rating and a $150.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Chesapeake Utilities currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.50.
Read Our Latest Stock Report on Chesapeake Utilities
Chesapeake Utilities Trading Up 0.7%
The stock has a market cap of $3.13 billion, a P/E ratio of 20.72 and a beta of 0.65. The firm's 50 day simple moving average is $131.51 and its two-hundred day simple moving average is $128.57. 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 posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.05 earnings per share (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 the consensus estimate of $198.91 million. During the same quarter in the previous year, the business posted $1.04 earnings per share. The company's quarterly revenue was up 4.7% compared to the same quarter last year. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. As a group, equities research analysts predict that Chesapeake Utilities Corporation will post 6.41 earnings per share for the current fiscal year.
Chesapeake Utilities Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Monday, September 14th were paid a dividend of $0.7350 per share. The ex-dividend date was Monday, September 14th. This represents a $2.94 annualized dividend and a yield of 2.3%. Chesapeake Utilities's dividend payout ratio is 46.89%.
Hedge Funds Weigh In On Chesapeake Utilities
A number of large investors have recently bought and sold shares of CPK. Public Employees Retirement System of Ohio acquired a new position in Chesapeake Utilities during the 2nd quarter valued at approximately $29,000. Versant Capital Management Inc grew its stake in Chesapeake Utilities by 38.8% during the 2nd quarter. Versant Capital Management Inc now owns 304 shares of the utilities provider's stock worth $37,000 after buying an additional 85 shares during the last quarter. First Bancorp Inc ME bought a new position in Chesapeake Utilities during the 2nd quarter worth $37,000. EverSource Wealth Advisors LLC increased its position in Chesapeake Utilities by 24.3% in the first quarter. EverSource Wealth Advisors LLC now owns 404 shares of the utilities provider's stock worth $51,000 after buying an additional 79 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Chesapeake Utilities in the second quarter worth $52,000. Institutional investors own 83.11% of the company's stock.
About Chesapeake Utilities
(
Get Free Report)
Chesapeake Utilities Corporation NYSE: CPK is a diversified energy delivery company headquartered in Dover, Delaware. Through its operating divisions and subsidiaries, the company provides natural gas distribution, transmission and storage, propane distribution, electric distribution, and other energy-related services to residential, commercial, industrial and institutional customers.
The company operates regulated natural gas utilities in Delaware, Maryland and Florida, as well as natural gas transmission and pipeline businesses serving portions of the Mid-Atlantic and Southeast.
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