Chesapeake Utilities (CPK) Stock Forecast, Price & News

3 Wall Street 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 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.
View CPK analyst ratings or view top-rated stocks.

3 analysts have issued 12-month price objectives for Chesapeake Utilities' stock. Their CPK share price forecasts range from $115.00 to $133.00. On average, they predict the company's share price to reach $121.33 in the next twelve months. This suggests that the stock has a possible downside of 6.3%.
View analysts price targets for CPK or view top-rated stocks among Wall Street analysts.

Chesapeake Utilities' stock was trading at $118.18 at the beginning of 2023. Since then, CPK shares have increased by 9.5% and is now trading at $129.45.
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Chesapeake Utilities saw a decline in short interest in April. As of April 30th, there was short interest totaling 178,200 shares, a decline of 10.4% from the April 15th total of 198,800 shares. Based on an average daily trading volume, of 81,100 shares, the short-interest ratio is currently 2.2 days. Approximately 1.0% 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, August 2nd 2023.
View our CPK earnings forecast.

Chesapeake Utilities Co. (NYSE:CPK) posted its quarterly earnings data on Wednesday, November, 3rd. The utilities provider reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.17. The utilities provider earned $107.34 million during the quarter, compared to analyst estimates of $114 million. Chesapeake Utilities had a net margin of 13.20% and a trailing twelve-month return on equity of 10.57%. During the same period in the previous year, the company earned $0.56 earnings per share.

Chesapeake Utilities declared a quarterly dividend on Wednesday, May 3rd. Investors of record on Thursday, June 15th will be given a dividend of $0.59 per share on Wednesday, July 5th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Wednesday, June 14th. This is an increase from the stock's previous quarterly dividend of $0.54.
Read our dividend analysis for CPK.

ETFs with the largest weight of Chesapeake Utilities (NYSE:CPK) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), Invesco DWA Utilities Momentum ETF (PUI), Vanguard U.S. Minimum Volatility ETF (VFMV), ETC 6 Meridian Small Cap Equity ETF (SIXS), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Low Volatility ETF (XSLV) and Tortoise North American Pipeline Fund (TPYP).

Chesapeake Utilities (NYSE:CPK) pays an annual dividend of $2.14 per share and currently has a dividend yield of 1.68%. 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 42.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPK will have a dividend payout ratio of 37.15% 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 on the morning of Tuesday, September 9th 2014. The 3-2 split was announced on Wednesday, July 2nd 2014. The newly created shares were issued to shareholders after the closing bell 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 issued an update on its FY 2025 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $6.15-$6.35 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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.84%), State Street Corp (3.71%), First Trust Advisors LP (3.23%), Copeland Capital Management LLC (2.72%), Dimensional Fund Advisors LP (2.49%) and Bank of New York Mellon Corp (2.14%). Insiders that own company stock include Jeffry M Householder, John R Schimkaitis, John R Schimkaitis, Kevin J Webber, Lila A Jaber and Thomas P Hill Jr.
View institutional ownership trends.

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 $129.45.

Chesapeake Utilities (NYSE:CPK) has a market capitalization of $2.30 billion and generates $680.70 million in revenue each year. The utilities provider earns $89.80 million in net income (profit) each year or $5.01 on an earnings per share basis.

The company employs 1,034 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.