Chesapeake Utilities - CPK Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chesapeake Utilities in the last twelve months. There are currently 1 sell rating and 1 hold 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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2 brokerages have issued 1-year price targets for Chesapeake Utilities' stock. Their CPK share price forecasts range from $110.00 to $126.00. On average, they expect the company's stock price to reach $118.67 in the next twelve months. This suggests a possible upside of 1.5% from the stock's current price.
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Chesapeake Utilities' stock was trading at $145.81 on January 1st, 2022. Since then, CPK stock has decreased by 19.8% and is now trading at $116.92.
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Chesapeake Utilities saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 233,400 shares, a drop of 20.9% from the October 31st total of 295,100 shares. Based on an average daily trading volume, of 75,100 shares, the days-to-cover ratio is presently 3.1 days. Currently, 1.4% of the company's shares are short sold.
View Chesapeake Utilities' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our CPK earnings forecast.

Chesapeake Utilities Co. (NYSE:CPK) announced its quarterly earnings data on Wednesday, November, 3rd. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.17. The utilities provider had revenue of $107.34 million for the quarter, compared to the consensus estimate of $114 million. Chesapeake Utilities had a net margin of 13.21% and a trailing twelve-month return on equity of 10.59%. During the same quarter in the previous year, the company posted $0.56 earnings per share.

Chesapeake Utilities declared a quarterly dividend on Thursday, November 3rd. Investors of record on Thursday, December 15th will be given a dividend of $0.535 per share on Thursday, January 5th. This represents a $2.14 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, December 14th.
Read our dividend analysis for CPK.

Chesapeake Utilities (NYSE:CPK) pays an annual dividend of $2.14 per share and currently has a dividend yield of 1.81%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 44.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPK will have a dividend payout ratio of 39.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPK.

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 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 updated its FY 2025 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $6.05-$6.25 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."

Chesapeake Utilities' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.09%), Vanguard Group Inc. (7.97%), State Street Corp (3.57%), First Trust Advisors LP (2.88%), Dimensional Fund Advisors LP (2.47%) and Bank of New York Mellon Corp (2.12%). Insiders that own company stock include Jeffry M Householder, John R Schimkaitis, John R Schimkaitis, Lila A Jaber, Thomas P Hill Jr 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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One share of CPK stock can currently be purchased for approximately $116.92.

Chesapeake Utilities (NYSE:CPK) has a market capitalization of $2.07 billion and generates $569.97 million in revenue each year. The utilities provider earns $83.47 million in net income (profit) each year or $4.86 on an earnings per share basis.

The company employs 1,007 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.