Chesapeake Utilities Stock Forecast, Price & News

Chesapeake Utilities' stock was trading at $93.46 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CPK stock has increased by 11.6% and is now trading at $104.26.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chesapeake Utilities in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Chesapeake Utilities or view MarketBeat's top 5 stock picks.

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Chesapeake Utilities is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
View our earnings forecast for Chesapeake Utilities.

Chesapeake Utilities Co. (NYSE:CPK) posted its quarterly earnings results on Wednesday, November, 4th. The utilities provider reported $0.56 EPS for the quarter, topping the Zacks' consensus estimate of $0.42 by $0.14. The utilities provider had revenue of $101.42 million for the quarter, compared to analysts' expectations of $136.80 million. Chesapeake Utilities had a net margin of 14.84% and a return on equity of 11.14%.
View Chesapeake Utilities' earnings history.

Chesapeake Utilities announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.44 per share on Tuesday, January 5th. This represents a $1.76 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, December 14th.
View Chesapeake Utilities' dividend history.

Shares of Chesapeake Utilities 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 market closes 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.

Chesapeake Utilities issued an update on its FY 2022 After-Hours earnings guidance on Wednesday, November, 4th. The company provided earnings per share guidance of 4.70-4.90 for the period.

6 brokers have issued 12-month price targets for Chesapeake Utilities' shares. Their forecasts range from $87.00 to $121.00. On average, they expect Chesapeake Utilities' share price to reach $101.67 in the next year. This suggests that the stock has a possible downside of 2.5%.
View analysts' price targets for Chesapeake Utilities.

Chesapeake Utilities saw a decline in short interest in November. As of November 15th, there was short interest totaling 388,300 shares, a decline of 32.0% from the October 31st total of 570,900 shares. Based on an average daily trading volume, of 166,800 shares, the short-interest ratio is currently 2.3 days.
View Chesapeake Utilities' Short Interest.

Some companies that are related to Chesapeake Utilities include ONEOK (OKE), Atmos Energy (ATO), UGI (UGI), National Fuel Gas (NFG), Southwest Gas (SWX), New Jersey Resources (NJR), South Jersey Industries (SJI) and Northwest Natural (NWN).
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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."

Chesapeake Utilities' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.61%), First Trust Advisors LP (4.43%), State Street Corp (3.16%), Boston Trust Walden Corp (1.49%), Copeland Capital Management LLC (1.23%) and Energy Income Partners LLC (0.89%). Company insiders that own Chesapeake Utilities stock include James F Moriarty, John R Schimkaitis, Stephen C Thompson and Thomas P Hill, Jr.
View institutional ownership trends for Chesapeake Utilities.

CPK stock was sold by a variety of institutional investors in the last quarter, including Ziegler Capital Management LLC, WINTON GROUP Ltd, Wells Fargo & Company MN, Gabelli Funds LLC, Dalton Greiner Hartman Maher & Co., Tributary Capital Management LLC, Hennessy Advisors Inc., and Federated Hermes Inc..
View insider buying and selling activity for Chesapeake Utilities.

CPK stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., First Trust Advisors LP, State Street Corp, Principal Financial Group Inc., Energy Income Partners LLC, Public Sector Pension Investment Board, Copeland Capital Management LLC, and Morgan Stanley. Company insiders that have bought Chesapeake Utilities stock in the last two years include James F Moriarty, and Thomas P Hill, Jr.
View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CPK stock can currently be purchased for approximately $104.26.

Chesapeake Utilities has a market capitalization of $1.82 billion and generates $479.60 million in revenue each year. The utilities provider earns $65.15 million in net income (profit) each year or $3.66 on an earnings per share basis. Chesapeake Utilities employs 955 workers across the globe.

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

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]