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Will the Energy Sector Continue to Outshine the Market?
The single greatest medical breakthrough of all time? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
The single greatest medical breakthrough of all time? (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Better Than Oil Stocks? (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
The single greatest medical breakthrough of all time? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
The single greatest medical breakthrough of all time? (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Better Than Oil Stocks? (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
The single greatest medical breakthrough of all time? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
The single greatest medical breakthrough of all time? (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Better Than Oil Stocks? (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
The single greatest medical breakthrough of all time? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
The single greatest medical breakthrough of all time? (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Better Than Oil Stocks? (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
NYSE:CPK

Chesapeake Utilities (CPK) Stock Forecast, Price & News

$97.75
-3.14 (-3.11%)
(As of 09/29/2023 ET)
Compare
Today's Range
$97.45
$102.62
50-Day Range
$97.62
$122.76
52-Week Range
$97.45
$132.91
Volume
149,481 shs
Average Volume
79,081 shs
Market Capitalization
$1.74 billion
P/E Ratio
19.75
Dividend Yield
2.41%
Price Target
$117.00

Chesapeake Utilities MarketRank™ Forecast

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
19.7% Upside
$117.00 Price Target
Short Interest
Healthy
1.04% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-9.13
Upright™ Environmental Score
News Sentiment
0.63mentions of Chesapeake Utilities in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.24%
From $5.16 to $5.74 Per Share

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 stars

Utilities Sector

52nd out of 88 stocks

Gas Transmission & Distribution Industry

2nd out of 6 stocks


CPK stock logo

About Chesapeake Utilities (NYSE:CPK) Stock

Chesapeake 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.

CPK Price History

CPK Stock News Headlines

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.
NextEra (NEE) to Sell Natural Gas Assets, Reaffirms Outlook
NextEra Energy to sell Florida City Gas for $923 million
Fortis (FTS) Unveils Capital Outlook, Ups Annual Dividend
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.
RBC Capital Keeps Their Hold Rating on Chesapeake Utilities (CPK)
See More Headlines
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CPK Company Calendar

Ex-Dividend for 7/5 Dividend
6/14/2023
Dividend Payable
7/05/2023
Last Earnings
8/03/2023
Ex-Dividend for 10/5 Dividend
9/14/2023
Today
9/30/2023
Dividend Payable
10/05/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Gas transmission & distribution
Sub-Industry
Gas Utilities
Sector
Utilities
CUSIP
16530310
Employees
1,034
Year Founded
N/A

Price 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 Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$89.80 million
Pretax Margin
17.88%

Debt

Sales & Book Value

Annual Sales
$680.70 million
Cash Flow
$9.27 per share
Book Value
$46.94 per share

Miscellaneous

Free Float
17,320,000
Market Cap
$1.74 billion
Optionable
Optionable
Beta
0.57
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. Jeffry M. Householder (Age 65)
    Pres, CEO & Chairman
    Comp: $1.56M
  • Ms. Beth W. Cooper (Age 56)
    Exec. VP, CFO, Treasurer & Assistant Corp. Sec.
    Comp: $664.24k
  • Mr. Jeffrey S. Sylvester (Age 53)
    Sr. VP & COO
    Comp: $538.58k
  • Mr. James F. Moriarty (Age 65)
    Exec. VP, Gen. Counsel, Corp. Sec. and Chief Policy & Risk Officer
    Comp: $672.64k
  • Mr. Kevin J. Webber (Age 64)
    Sr. VP & Chief Devel. Officer
    Comp: $493.45k
  • Mr. Michael D. Galtman (Age 48)
    Sr. VP & Chief Accounting Officer
  • Mr. Vikrant A. Gadgil
    VP & Chief Information Officer
  • Ms. Danielle Mulligan
    Assistant VP of Communications & Marketing
  • Mr. William Hughston
    VP & Chief HR Officer
  • Ms. Cheryl M. Martin
    Sr. VP of Regulatory & External Affairs













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
.

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

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