NYSE:CPK Chesapeake Utilities (CPK) Stock Forecast, Price & News $97.75 -3.14 (-3.11%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$97.45▼$102.6250-Day Range$97.62▼$122.7652-Week Range$97.45▼$132.91Volume149,481 shsAverage Volume79,081 shsMarket Capitalization$1.74 billionP/E Ratio19.75Dividend Yield2.41%Price Target$117.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Chesapeake Utilities MarketRank™ ForecastAnalyst RatingReduce1.67 Rating ScoreUpside/Downside19.7% Upside$117.00 Price TargetShort InterestHealthy1.04% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-9.13Upright™ Environmental ScoreNews Sentiment0.63Based on 8 Articles This WeekInsider TradingN/AProj. Earnings Growth11.24%From $5.16 to $5.74 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.41 out of 5 starsUtilities Sector52nd out of 88 stocksGas Transmission & Distribution Industry2nd out of 6 stocks 1.8 Analyst's Opinion Consensus RatingChesapeake Utilities has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $117.00, Chesapeake Utilities has a forecasted upside of 19.7% from its current price of $97.75.Amount of Analyst CoverageChesapeake Utilities has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.04% of the float of Chesapeake Utilities has been sold short.Short Interest Ratio / Days to CoverChesapeake Utilities has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Chesapeake Utilities has recently increased by 26.27%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldChesapeake Utilities pays a meaningful dividend of 2.34%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthChesapeake Utilities has been increasing its dividend for 20 years.Dividend CoverageThe dividend payout ratio of Chesapeake Utilities is 47.68%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Chesapeake Utilities will have a dividend payout ratio of 41.11% next year. This indicates that Chesapeake Utilities will be able to sustain or increase its dividend. Previous Next 1.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreChesapeake Utilities has received a -44.24% net impact score from Upright. The largest negative impact of Chesapeake Utilities in category "GHG emissions" seems to be driven mostly by its "Natural gas pipes", "Natural gas pipe maintenance", and "Natural gas transfer pump maintenance" products. See details.Environmental SustainabilityThe Environmental Impact score for Chesapeake Utilities is -9.13. Previous Next 3.7 News and Social Media Coverage News SentimentChesapeake Utilities has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Chesapeake Utilities this week, compared to 2 articles on an average week.Search Interest2 people have searched for CPK on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows45 people have added Chesapeake Utilities to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Chesapeake Utilities insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.68% of the stock of Chesapeake Utilities is held by insiders.Percentage Held by Institutions74.80% of the stock of Chesapeake Utilities is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Chesapeake Utilities are expected to grow by 11.24% in the coming year, from $5.16 to $5.74 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chesapeake Utilities is 19.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.93.Price to Earnings Ratio vs. SectorThe P/E ratio of Chesapeake Utilities is 19.75, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 88.83.Price to Book Value per Share RatioChesapeake Utilities has a P/B Ratio of 2.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Chesapeake Utilities (NYSE:CPK) StockChesapeake 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. The Unregulated Energy segment engages in the propane operations in the Mid-Atlantic region, North Carolina, South Carolina, and Florida; unregulated natural gas transmission/supply operation in central and eastern Ohio; generation of electricity and steam; provision of compressed natural gas, liquefied natural gas, and renewable natural gas transportation and pipeline solutions primarily to utilities and pipelines in the eastern United States; and project development activities. This segment is also involved in the provision of other unregulated services, such as energy-related merchandise sale and heating, ventilation and air conditioning, and plumbing and electrical services. The company was founded in 1859 and is headquartered in Dover, Delaware.Read More CPK Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CPK Stock News HeadlinesSeptember 29, 2023 | markets.businessinsider.comChesapeake Utilities’ Acquisition of Florida City Gas: A Strategic Move for Growth and EfficiencySeptember 27, 2023 | finance.yahoo.comUnveiling Chesapeake Utilities (CPK)'s Value: Is It Really Priced Right? A Comprehensive GuideSeptember 30, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.September 27, 2023 | finance.yahoo.comNextEra (NEE) to Sell Natural Gas Assets, Reaffirms OutlookSeptember 27, 2023 | finance.yahoo.comNextEra Energy to sell Florida City Gas for $923 millionSeptember 21, 2023 | finance.yahoo.comFortis (FTS) Unveils Capital Outlook, Ups Annual DividendSeptember 13, 2023 | finance.yahoo.comChesapeake Utilities Corporation Celebrates Four ARC International Awards for Excellence in Sustainability ReportingSeptember 8, 2023 | finance.yahoo.comChesapeake Utilities Corporation Participating in the NYSE Energy & Utilities Virtual Investor Access DaySeptember 30, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.September 7, 2023 | msn.comRBC Capital Maintains Chesapeake Utilities (CPK) Sector Perform RecommendationAugust 18, 2023 | msn.comChesapeake Utilities Corporation: Higher Temperatures Are Hurting The Bottom LineAugust 4, 2023 | seekingalpha.comChesapeake Utilities Corporation 2023 Q2 - Results - Earnings Call PresentationAugust 3, 2023 | finance.yahoo.comChesapeake Utilities (CPK) Q2 Earnings and Revenues Miss EstimatesAugust 3, 2023 | finance.yahoo.comCHESAPEAKE UTILITIES CORPORATION REPORTS SECOND QUARTER 2023 RESULTSJuly 15, 2023 | finance.yahoo.comInvestors Met With Slowing Returns on Capital At Chesapeake Utilities (NYSE:CPK)June 28, 2023 | finance.yahoo.comChesapeake Utilities to Host its Second Quarter 2023 Earnings Conference Call and Webcast on August 4, 2023June 6, 2023 | finance.yahoo.comChesapeake Utilities' (NYSE:CPK) investors will be pleased with their favorable 86% return over the last five yearsMay 25, 2023 | finance.yahoo.comChesapeake Utilities Corporation Subsidiaries Earn American Gas Association Safety AwardsMay 21, 2023 | finance.yahoo.comChesapeake Utilities' (NYSE:CPK) Shareholders Will Receive A Bigger Dividend Than Last YearMay 13, 2023 | msn.comChesapeake Utilities's Return on Invested Capital InsightsMay 10, 2023 | markets.businessinsider.comRBC Capital Sticks to Its Hold Rating for Chesapeake Utilities (CPK)May 7, 2023 | finance.yahoo.comChesapeake Utilities (NYSE:CPK) Is Increasing Its Dividend To $0.59May 5, 2023 | msn.comChesapeake Utilities (CPK) Declares $0.59 DividendMay 4, 2023 | finance.yahoo.comChesapeake Utilities Corporation Board of Directors Appoints Jeffry M. Householder as Chair of the Board and Thomas J. Bresnan as Independent Lead DirectorMay 3, 2023 | finance.yahoo.comChesapeake Utilities (CPK) Q1 Earnings Beat EstimatesMay 2, 2023 | 247wallst.com4 Analyst Favorite Blue Chip Stocks With Expected Dividend Hikes This WeekApril 26, 2023 | markets.businessinsider.comRBC Capital Keeps Their Hold Rating on Chesapeake Utilities (CPK)See More Headlines Receive CPK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Chesapeake Utilities and its competitors with MarketBeat's FREE daily newsletter. Email Address CPK Company Calendar Ex-Dividend for 7/5 Dividend6/14/2023Dividend Payable7/05/2023Last Earnings8/03/2023Ex-Dividend for 10/5 Dividend9/14/2023Today9/30/2023Dividend Payable10/05/2023Next Earnings (Estimated)11/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Gas transmission & distribution Sub-IndustryGas Utilities SectorUtilities Current SymbolNYSE:CPK CUSIP16530310 CIK19745 Webwww.chpk.com Phone(302) 734-6799Fax302-734-6750Employees1,034Year FoundedN/APrice Target and Rating Average Stock Price Forecast$117.00 High Stock Price Forecast$124.00 Low Stock Price Forecast$112.00 Forecasted Upside/Downside+19.7%Consensus RatingReduce Rating Score (0-4)1.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$4.95 Trailing P/E Ratio19.75 Forward P/E Ratio18.94 P/E GrowthN/ANet Income$89.80 million Net Margins13.14% Pretax Margin17.88% Return on Equity10.48% Return on Assets4.02% Debt Debt-to-Equity Ratio0.75 Current Ratio0.54 Quick Ratio0.44 Sales & Book Value Annual Sales$680.70 million Price / Sales2.56 Cash Flow$9.27 per share Price / Cash Flow10.54 Book Value$46.94 per share Price / Book2.08Miscellaneous Outstanding Shares17,800,000Free Float17,320,000Market Cap$1.74 billion OptionableOptionable Beta0.57 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Jeffry M. Householder (Age 65)Pres, CEO & Chairman Comp: $1.56MMs. Beth W. Cooper (Age 56)Exec. VP, CFO, Treasurer & Assistant Corp. Sec. Comp: $664.24kMr. Jeffrey S. Sylvester (Age 53)Sr. VP & COO Comp: $538.58kMr. James F. Moriarty (Age 65)Exec. VP, Gen. Counsel, Corp. Sec. and Chief Policy & Risk Officer Comp: $672.64kMr. Kevin J. Webber (Age 64)Sr. VP & Chief Devel. Officer Comp: $493.45kMr. Michael D. Galtman (Age 48)Sr. VP & Chief Accounting Officer Mr. Vikrant A. GadgilVP & Chief Information OfficerMs. Danielle MulliganAssistant VP of Communications & MarketingMr. William HughstonVP & Chief HR OfficerMs. Cheryl M. MartinSr. VP of Regulatory & External AffairsMore ExecutivesKey CompetitorsSouthwest GasNYSE:SWXSJW GroupNYSE:SJWTelephone and Data SystemsNYSE:TDSPampa EnergíaNYSE:PAMPrimo WaterNYSE:PRMWView All CompetitorsInsiders & InstitutionsBarclays PLCBought 254 shares on 9/21/2023Ownership: 0.052%Alberta Investment Management CorpSold 3,725 shares on 8/24/2023Ownership: 0.024%Virginia Retirement Systems ET ALBought 18,600 shares on 8/22/2023Ownership: 0.104%Osaic Holdings Inc.Sold 526 shares on 8/21/2023Ownership: 0.066%Teachers Retirement System of The State of KentuckyBought 311 shares on 8/21/2023Ownership: 0.032%View All Insider TransactionsView All Institutional Transactions CPK Stock - Frequently Asked Questions Should I buy or sell Chesapeake Utilities stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chesapeake Utilities in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" CPK shares. View CPK analyst ratings or view top-rated stocks. What is Chesapeake Utilities' stock price forecast for 2023? 3 equities research analysts have issued 12 month price objectives for Chesapeake Utilities' stock. Their CPK share price forecasts range from $112.00 to $124.00. On average, they expect the company's share price to reach $117.00 in the next twelve months. This suggests a possible upside of 19.7% from the stock's current price. View analysts price targets for CPK or view top-rated stocks among Wall Street analysts. How have CPK shares performed in 2023? Chesapeake Utilities' stock was trading at $118.18 on January 1st, 2023. Since then, CPK stock has decreased by 17.3% and is now trading at $97.75. View the best growth stocks for 2023 here. Are investors shorting Chesapeake Utilities? Chesapeake Utilities saw a increase in short interest in September. As of September 15th, there was short interest totaling 179,300 shares, an increase of 26.3% from the August 31st total of 142,000 shares. Based on an average trading volume of 63,900 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.0% of the shares of the stock are short sold. View Chesapeake Utilities' Short Interest. When is Chesapeake Utilities' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023. View our CPK earnings forecast. How were Chesapeake Utilities' earnings last quarter? Chesapeake Utilities Co. (NYSE:CPK) posted its earnings results on Thursday, August, 3rd. The utilities provider reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.98 by $0.08. The utilities provider had revenue of $135.59 million for the quarter, compared to analyst estimates of $170.60 million. Chesapeake Utilities had a net margin of 13.14% and a trailing twelve-month return on equity of 10.48%. How often does Chesapeake Utilities pay dividends? What is the dividend yield for Chesapeake Utilities? Chesapeake Utilities declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.59 per share on Thursday, October 5th. This represents a $2.36 annualized dividend and a yield of 2.41%. The ex-dividend date is Thursday, September 14th. Read our dividend analysis for CPK. What ETFs hold Chesapeake Utilities' stock? 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), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Vanguard U.S. Minimum Volatility ETF (VFMV), ETC 6 Meridian Small Cap Equity ETF (SIXS), Tortoise North American Pipeline Fund (TPYP), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and First Trust EIP Carbon Impact ETF (ECLN). Is Chesapeake Utilities a good dividend stock? Chesapeake Utilities (NYSE:CPK) pays an annual dividend of $2.36 per share and currently has a dividend yield of 2.34%. 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 47.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPK will have a dividend payout ratio of 41.11% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CPK. When did Chesapeake Utilities' stock split? Shares of Chesapeake Utilities split on the morning of Tuesday, September 9th 2014. The 3-2 split was announced on Wednesday, July 2nd 2014. The newly minted shares were distributed to shareholders after the market closes on Monday, September 8th 2014. An investor that had 100 shares of stock prior to the split would have 150 shares after the split. What guidance has Chesapeake Utilities issued on next quarter's earnings? Chesapeake Utilities issued an update on its FY 2028 earnings guidance on Wednesday, September, 27th. The company provided earnings per share guidance of $7.75-$8.00 for the period. The company issued revenue guidance of -. What other stocks do shareholders of Chesapeake Utilities own? 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). What is Chesapeake Utilities' stock symbol? Chesapeake Utilities trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPK." How do I buy shares of Chesapeake Utilities? Shares of CPK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Chesapeake Utilities' stock price today? One share of CPK stock can currently be purchased for approximately $97.75. How much money does Chesapeake Utilities make? Chesapeake Utilities (NYSE:CPK) has a market capitalization of $1.74 billion and generates $680.70 million in revenue each year. The utilities provider earns $89.80 million in net income (profit) each year or $4.95 on an earnings per share basis. How many employees does Chesapeake Utilities have? The company employs 1,034 workers across the globe. How can I contact Chesapeake Utilities? Chesapeake Utilities' mailing address is 909 SILVER LAKE BOULEVARD, DOVER DE, 19904. The official website for the company is www.chpk.com. The utilities provider can be reached via phone at (302) 734-6799, via email at hwatkins@chpk.com, or via fax at 302-734-6750. This page (NYSE:CPK) was last updated on 9/30/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Chesapeake Utilities Co. 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