NYSE:CPK

Chesapeake Utilities Stock Forecast, Price & News

$124.28
+2.07 (+1.69 %)
(As of 07/27/2021 12:00 AM ET)
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Today's Range
$121.33
$124.40
50-Day Range
$114.56
$124.28
52-Week Range
$72.89
$124.94
Volume31,541 shs
Average Volume58,633 shs
Market Capitalization$2.18 billion
P/E Ratio27.87
Dividend Yield1.57%
Beta0.38
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Chesapeake Utilities logo

About Chesapeake Utilities

Chesapeake Utilities Corporation operates as an energy delivery company. The Regulated Energy segment engages in the natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula 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 and Florida; unregulated natural gas transmission/supply operation in central and eastern Ohio; generation of electricity and steam; and 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. This segment also provides other unregulated energy services, such as energy-related merchandise sales; heating, ventilation, and air conditioning services; and plumbing and electrical services. The company was founded in 1859 and is headquartered in Dover, Delaware.

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MarketRank

Overall MarketRank

2.42 out of 5 stars

Utilities Sector

17th out of 290 stocks

Gas Transmission & Distribution Industry

2nd out of 9 stocks

Analyst Opinion: 1.2Community Rank: 3.2Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Chesapeake Utilities (NYSE:CPK) Frequently Asked Questions

Is Chesapeake Utilities a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chesapeake Utilities in the last year. There are currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Chesapeake Utilities stock. 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.
View analyst ratings for Chesapeake Utilities
or view top-rated stocks.

What stocks does MarketBeat like better than Chesapeake Utilities?

Wall Street analysts have given Chesapeake Utilities a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Chesapeake Utilities wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Chesapeake Utilities?

Chesapeake Utilities saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 251,900 shares, a drop of 40.2% from the June 15th total of 421,300 shares. Based on an average daily volume of 55,300 shares, the short-interest ratio is presently 4.6 days. Currently, 1.5% of the company's shares are sold short.
View Chesapeake Utilities' Short Interest
.

When is Chesapeake Utilities' next earnings date?

Chesapeake Utilities is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Chesapeake Utilities
.

How can I listen to Chesapeake Utilities' earnings call?

Chesapeake Utilities will be holding an earnings conference call on Thursday, August 5th at 4:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Chesapeake Utilities' earnings last quarter?

Chesapeake Utilities Co. (NYSE:CPK) issued its quarterly earnings data on Tuesday, May, 4th. The utilities provider reported $1.96 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.83 by $0.13. The utilities provider had revenue of $191.19 million for the quarter, compared to analysts' expectations of $175 million. Chesapeake Utilities had a trailing twelve-month return on equity of 11.56% and a net margin of 14.63%.
View Chesapeake Utilities' earnings history
.

How has Chesapeake Utilities' stock price been impacted by COVID-19 (Coronavirus)?

Chesapeake Utilities' stock was trading at $93.46 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CPK shares have increased by 33.0% and is now trading at $124.28.
View which stocks have been most impacted by COVID-19
.

How often does Chesapeake Utilities pay dividends? What is the dividend yield for Chesapeake Utilities?

Chesapeake Utilities declared a quarterly dividend on Thursday, May 6th. Investors of record on Tuesday, June 15th will be paid a dividend of $0.48 per share on Tuesday, July 6th. This represents a $1.92 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Monday, June 14th. This is an increase from Chesapeake Utilities's previous quarterly dividend of $0.44.
View Chesapeake Utilities' dividend history
.

Is Chesapeake Utilities a good dividend stock?

Chesapeake Utilities pays an annual dividend of $1.92 per share and currently has a dividend yield of 1.57%. Chesapeake Utilities has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Chesapeake Utilities is 45.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Chesapeake Utilities will have a dividend payout ratio of 38.63% next year. This indicates that Chesapeake Utilities will be able to sustain or increase its dividend.
View Chesapeake Utilities' dividend history.

When did Chesapeake Utilities' stock split? How did Chesapeake Utilities' stock split work?

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 issued shares were payable to shareholders after the closing bell on Monday, September 8th 2014. An investor that had 100 shares of Chesapeake Utilities stock prior to the split would have 150 shares after the split.

What price target have analysts set for CPK?

3 brokers have issued twelve-month price targets for Chesapeake Utilities' shares. Their forecasts range from $117.00 to $135.00. On average, they anticipate Chesapeake Utilities' stock price to reach $129.00 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
View analysts' price targets for Chesapeake Utilities
or view top-rated stocks among Wall Street analysts.

Who are Chesapeake Utilities' key executives?

Chesapeake Utilities' management team includes the following people:
  • Mr. Jeffry M. Householder, Pres, CEO & Director (Age 63, Pay $1.41M)
  • Ms. Beth W. Cooper, Exec. VP, CFO & Assistant Corp. Sec. (Age 54, Pay $676.07k)
  • Mr. James F. Moriarty, Exec. VP, Gen. Counsel, Corp. Sec. and Chief Policy & Risk Officer (Age 63, Pay $652.32k)
  • Mr. Kevin J. Webber, Sr. VP of Unregulated Energy Delivery & Bus. Devel. (Age 62, Pay $461.6k)
  • Mr. Jeffrey S. Sylvester, Sr. VP of Pipeline Transmission and Regulated Gas & Electric Distribution (Age 51, Pay $629.34k)
  • Mr. Michael D. Galtman, VP & Chief Accounting Officer (Age 46)
  • Mr. Vikrant A. Gadgil, VP & Chief Information Officer
  • Ms. Heidi W. Watkins, Investor Relations Administrator
  • Ms. Sydney Hawthorne Davis, Communications Mang.
  • Ms. Danielle Mulligan, Assistant VP of Communications & Marketing

Who are some of Chesapeake Utilities' key competitors?

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."

Who are Chesapeake Utilities' major shareholders?

Chesapeake Utilities' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Albert D Mason Inc. (0.07%), State of Alaska Department of Revenue (0.07%) and Harel Insurance Investments & Financial Services Ltd. (0.00%). Company insiders that own Chesapeake Utilities stock include John R Schimkaitis, Stephen C Thompson and Thomas P Hill, Jr.
View institutional ownership trends for Chesapeake Utilities
.

Which major investors are selling Chesapeake Utilities stock?

CPK stock was sold by a variety of institutional investors in the last quarter, including Albert D Mason Inc..
View insider buying and selling activity for Chesapeake Utilities
or view top insider-selling stocks.

Which major investors are buying Chesapeake Utilities stock?

CPK stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and Harel Insurance Investments & Financial Services Ltd..
View insider buying and selling activity for Chesapeake Utilities
or or view top insider-buying stocks.

How do I buy shares of Chesapeake Utilities?

Shares of CPK 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 $124.28.

How much money does Chesapeake Utilities make?

Chesapeake Utilities has a market capitalization of $2.18 billion and generates $488.20 million in revenue each year. The utilities provider earns $71.50 million in net income (profit) each year or $4.21 on an earnings per share basis.

How many employees does Chesapeake Utilities have?

Chesapeake Utilities employs 947 workers across the globe.

What is Chesapeake Utilities' official website?

The official website for Chesapeake Utilities is www.chpk.com.

Where are Chesapeake Utilities' headquarters?

Chesapeake Utilities is headquartered at 909 SILVER LAKE BOULEVARD, DOVER DE, 19904.

How can I contact Chesapeake Utilities?

Chesapeake Utilities' mailing address is 909 SILVER LAKE BOULEVARD, DOVER DE, 19904. The utilities provider can be reached via phone at 302-734-6799 or via email at [email protected]


This page was last updated on 7/28/2021 by MarketBeat.com Staff
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