Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. 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, North Carolina, South Carolina, 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.
Chesapeake Utilities Stock Up 0.9 %
NYSE:CPK traded up $1.23 during trading on Friday, reaching $133.48. 221 shares of the company's stock traded hands, compared to its average volume of 60,658. Chesapeake Utilities has a 12-month low of $117.43 and a 12-month high of $146.30. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.43. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 26.29 and a beta of 0.56. The company's 50 day simple moving average is $128.29 and its two-hundred day simple moving average is $131.56.
Chesapeake Utilities Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Thursday, September 15th will be paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, September 14th. Chesapeake Utilities's dividend payout ratio (DPR) is 42.54%.
Analyst Ratings Changes
Separately, Wells Fargo & Company lifted their target price on Chesapeake Utilities from $120.00 to $128.00 in a research report on Thursday, May 5th.
Insiders Place Their Bets
In other news, insider John R. Schimkaitis sold 2,500 shares of Chesapeake Utilities stock in a transaction on Friday, July 1st. The stock was sold at an average price of $129.75, for a total value of $324,375.00. Following the transaction, the insider now directly owns 85,516 shares in the company, valued at approximately $11,095,701. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.58% of the stock is owned by company insiders.