Chesapeake Utilities 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, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Chesapeake Utilities stock. 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 analyst ratings for Chesapeake Utilities or view top-rated stocks.

Wall Street analysts have given Chesapeake Utilities a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Chesapeake Utilities wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Chesapeake Utilities saw a decline in short interest in March. As of March 31st, there was short interest totaling 310,300 shares, a decline of 41.5% from the March 15th total of 530,200 shares. Based on an average daily trading volume, of 63,800 shares, the days-to-cover ratio is presently 4.9 days.
View Chesapeake Utilities' Short Interest.

Chesapeake Utilities is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Chesapeake Utilities.

Chesapeake Utilities Co. (NYSE:CPK) announced its quarterly earnings results on Tuesday, February, 23rd. The utilities provider reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.09. The utilities provider had revenue of $137.04 million for the quarter, compared to the consensus estimate of $153.20 million. Chesapeake Utilities had a trailing twelve-month return on equity of 11.14% and a net margin of 14.84%.
View Chesapeake Utilities' earnings history.

Chesapeake Utilities' stock was trading at $93.46 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CPK stock has increased by 27.8% and is now trading at $119.47.
View which stocks have been most impacted by COVID-19.

Chesapeake Utilities announced a quarterly dividend on Wednesday, February 24th. Shareholders of record on Monday, March 15th will be paid a dividend of $0.44 per share on Monday, April 5th. This represents a $1.76 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, March 12th.
View Chesapeake Utilities' dividend history.

Chesapeake Utilities pays an annual dividend of $1.76 per share and currently has a dividend yield of 1.47%. Chesapeake Utilities has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Chesapeake Utilities is 48.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Chesapeake Utilities will have a dividend payout ratio of 39.37% next year. This indicates that Chesapeake Utilities will be able to sustain or increase its dividend.
View Chesapeake Utilities' dividend history.

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 Chesapeake Utilities stock prior to the split would have 150 shares after the split.

Chesapeake Utilities updated its FY 2022 After-Hours earnings guidance on Wednesday, February, 24th. The company provided earnings per share (EPS) guidance of 4.70-4.90 for the period.

3 brokers have issued 12 month price objectives for Chesapeake Utilities' stock. Their forecasts range from $93.00 to $121.00. On average, they anticipate Chesapeake Utilities' share price to reach $103.33 in the next year. This suggests that the stock has a possible downside of 13.5%.
View analysts' price targets for Chesapeake Utilities or view top-rated stocks among Wall Street analysts.

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).
View all of CPK's competitors.

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 Clear Harbor Asset Management LLC (0.35%), Fruth Investment Management (0.12%), Albert D Mason Inc. (0.07%), State of Alaska Department of Revenue (0.07%), Louisiana State Employees Retirement System (0.05%) and Cox Capital Mgt LLC (0.03%). Company insiders that own Chesapeake Utilities stock include 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 Cox Capital Mgt LLC, State of Alaska Department of Revenue, Dalton Greiner Hartman Maher & Co., Fruth Investment Management, Albert D Mason Inc., Private Capital Group LLC, and Louisiana State Employees Retirement System.
View insider buying and selling activity for Chesapeake Utilities or view top insider-selling stocks.

CPK stock was bought by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., and Clear Harbor Asset Management LLC.
View insider buying and selling activity for Chesapeake Utilities or or view top insider-buying stocks.

Shares of CPK 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.

One share of CPK stock can currently be purchased for approximately $119.47.

Chesapeake Utilities has a market capitalization of $2.09 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 947 workers across the globe.

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

Chesapeake Utilities is headquartered at 909 SILVER LAKE BOULEVARD, DOVER DE, 19904.

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]