Chesapeake Utilities (CPK) Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our CPK earnings forecast.

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%.

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.

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).

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.

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.

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 -.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPK."

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.
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One share of CPK stock can currently be purchased for approximately $97.75.

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.

The company employs 1,034 workers across the globe.

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.