Chesapeake Utilities (CPK) Stock Price, News & Analysis

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chesapeake Utilities in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CPK shares.
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3 Wall Street analysts have issued 12 month price targets for Chesapeake Utilities' shares. Their CPK share price targets range from $99.00 to $124.00. On average, they predict the company's stock price to reach $107.00 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price.
View analysts price targets for CPK or view top-rated stocks among Wall Street analysts.

Chesapeake Utilities' stock was trading at $105.63 at the beginning of 2024. Since then, CPK shares have decreased by 5.7% and is now trading at $99.61.
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Chesapeake Utilities saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 408,600 shares, an increase of 28.8% from the February 29th total of 317,300 shares. Based on an average daily trading volume, of 152,300 shares, the days-to-cover ratio is currently 2.7 days.
View Chesapeake Utilities' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our CPK earnings forecast.

Chesapeake Utilities Co. (NYSE:CPK) issued its earnings results on Wednesday, February, 21st. The utilities provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.53 by $0.11. The utilities provider had revenue of $185.30 million for the quarter, compared to analyst estimates of $234.60 million. Chesapeake Utilities had a net margin of 13.01% and a trailing twelve-month return on equity of 10.19%. Chesapeake Utilities's revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.47 earnings per share.

Chesapeake Utilities announced a quarterly dividend on Tuesday, February 20th. Shareholders of record on Friday, March 15th will be given a dividend of $0.59 per share on Friday, April 5th. This represents a $2.36 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for CPK.

Chesapeake Utilities (NYSE:CPK) pays an annual dividend of $2.36 per share and currently has a dividend yield of 2.31%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 49.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPK will have a dividend payout ratio of 37.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPK.

ETFs with the largest weight of Chesapeake Utilities (NYSE:CPK) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Low Volatility ETF (XSLV), Tortoise North American Pipeline Fund (TPYP), First Trust EIP Carbon Impact ETF (ECLN) and Timothy Plan US Small Cap Core ETF (TPSC).SPDR S&P 600 Small Cap ETF (SLY).

Chesapeake Utilities shares split before market open on Tuesday, September 9th 2014. The 3-2 split was announced on Wednesday, July 2nd 2014. The newly minted shares were issued to shareholders after the closing bell on Monday, September 8th 2014. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Chesapeake Utilities updated its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided EPS guidance of 5.330-5.450 for the period, compared to the consensus EPS estimate of 5.380. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Chesapeake Utilities investors own include AbbVie (ABBV), Consolidated Edison (ED), Enterprise Products Partners (EPD), AT&T (T), Verizon Communications (VZ), Dominion Energy (D), JPMorgan Chase & Co. (JPM), Pfizer (PFE), Exxon Mobil (XOM) and Chevron (CVX).

Chesapeake Utilities' stock is owned by a variety of retail and institutional investors. Top institutional investors include Hennessy Advisors Inc. (0.12%) and Cox Capital Mgt LLC (0.05%). Insiders that own company stock include Jeffery S Sylvester, Jeffry M Householder, John R Schimkaitis, John R Schimkaitis, Kevin J Webber, Lila A Jaber and Thomas P Hill Jr.
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Shares of CPK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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