Chesapeake Utilities Stock Price, News & Analysis (NYSE:CPK)

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chesapeake Utilities in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CPK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CPK, but not buy additional shares or sell existing shares.
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4 analysts have issued 1-year target prices for Chesapeake Utilities' stock. Their CPK share price targets range from $99.00 to $117.00. On average, they anticipate the company's share price to reach $104.00 in the next twelve months. This suggests a possible upside of 3.5% from the stock's current price.
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Chesapeake Utilities' stock was trading at $118.18 at the start of the year. Since then, CPK shares have decreased by 14.9% and is now trading at $100.53.
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Chesapeake Utilities saw a increase in short interest in October. As of October 31st, there was short interest totaling 367,900 shares, an increase of 90.2% from the October 15th total of 193,400 shares. Based on an average trading volume of 89,300 shares, the days-to-cover ratio is presently 4.1 days. Currently, 2.1% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
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Chesapeake Utilities Co. (NYSE:CPK) released its quarterly earnings data on Thursday, November, 2nd. The utilities provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.09. The utilities provider earned $131.55 million during the quarter, compared to analyst estimates of $128.10 million. Chesapeake Utilities had a trailing twelve-month return on equity of 10.62% and a net margin of 13.09%.

Chesapeake Utilities declared a quarterly dividend on Thursday, November 2nd. Shareholders of record on Friday, December 15th will be given a dividend of $0.59 per share on Friday, January 5th. This represents a $2.36 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, December 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 2.38%. 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 47.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPK will have a dividend payout ratio of 42.37% 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), 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 shares split before market open on Tuesday, September 9th 2014. The 3-2 split was announced on Wednesday, July 2nd 2014. The newly created shares were distributed 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 2028 earnings guidance on Wednesday, September, 27th. The company provided EPS 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' stock is owned by a number of retail and institutional investors. Top institutional investors include Copeland Capital Management LLC (3.03%), Bank of New York Mellon Corp (2.08%), JPMorgan Chase & Co. (1.57%), Northern Trust Corp (1.42%), Morgan Stanley (1.14%) and Charles Schwab Investment Management Inc. (1.09%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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