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NYSE:CPK

Chesapeake Utilities - CPK Stock Forecast, Price & News

$133.63
+1.38 (+1.04%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$132.30
$134.38
50-Day Range
$119.00
$137.13
52-Week Range
$117.43
$146.30
Volume
50,418 shs
Average Volume
63,485 shs
Market Capitalization
$2.37 billion
P/E Ratio
26.57
Dividend Yield
1.62%
Price Target
$127.00

Chesapeake Utilities MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.0% Downside
$127.00 Price Target
Short Interest
Healthy
1.60% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.54
Upright™ Environmental Score
News Sentiment
0.43mentions of Chesapeake Utilities in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$324,375 Sold Last Quarter
Proj. Earnings Growth
8.33%
From $5.04 to $5.46 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.22 out of 5 stars

Utilities Sector

41st out of 87 stocks

Gas Transmission & Distribution Industry

4th out of 6 stocks

CPK stock logo

About Chesapeake Utilities (NYSE:CPK) Stock

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.

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CPK Stock News Headlines

Shares of CPK Now Oversold
Chesapeake Utilities goes ex-dividend tomorrow
Chesapeake Utilities declares $0.48 dividend
CPK Stock Crowded With Sellers
See More Headlines
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CPK Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 7/5 Dividend
6/14/2022
Dividend Payable
7/05/2022
Today
8/12/2022
Ex-Dividend for 10/5 Dividend
9/14/2022
Dividend Payable
10/05/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Gas transmission & distribution
Sub-Industry
Gas Utilities
Sector
Utilities
CUSIP
16530310
Employees
1,007
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$127.00
High Stock Price Forecast
$128.00
Low Stock Price Forecast
$126.00
Forecasted Upside/Downside
-5.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$83.47 million
Pretax Margin
19.13%

Debt

Sales & Book Value

Annual Sales
$569.97 million
Cash Flow
$9.02 per share
Book Value
$45.99 per share

Miscellaneous

Free Float
17,280,000
Market Cap
$2.37 billion
Optionable
Optionable
Beta
0.56

Key Executives

  • Mr. Jeffry M. Householder (Age 64)
    Pres, CEO & Director
    Comp: $1.7M
  • Ms. Beth W. Cooper (Age 55)
    Exec. VP, CFO & Assistant Corp. Sec.
    Comp: $737.24k
  • Mr. Jeffrey S. Sylvester (Age 52)
    Sr. VP & COO
    Comp: $506.22k
  • Mr. James F. Moriarty (Age 64)
    Exec. VP, Gen. Counsel, Corp. Sec. and Chief Policy & Risk Officer
    Comp: $727.61k
  • Mr. Kevin J. Webber (Age 63)
    Sr. VP & Chief Devel. Officer
    Comp: $527.47k
  • Mr. Michael D. Galtman (Age 47)
    Sr. VP & Chief Accounting Officer
  • Mr. Vikrant A. Gadgil
    VP & Chief Information Officer
  • Mr. Alexander Whitelam
    Head of Investor Relations
  • Ms. Sydney Hawthorne Davis
    Communications Mang.
  • Ms. Danielle Mulligan
    Assistant VP of Communications & Marketing













CPK Stock - Frequently Asked Questions

Should I buy or sell Chesapeake Utilities stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chesapeake Utilities in the last year. There are currently 1 hold rating 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.

What is Chesapeake Utilities' stock price forecast for 2022?

1 analysts have issued 12-month price targets for Chesapeake Utilities' shares. Their CPK share price forecasts range from $126.00 to $128.00. On average, they expect the company's share price to reach $127.00 in the next year. This suggests that the stock has a possible downside of 4.6%.
View analysts price targets for CPK
or view top-rated stocks among Wall Street analysts.

How have CPK shares performed in 2022?

Chesapeake Utilities' stock was trading at $145.81 at the start of the year. Since then, CPK shares have decreased by 8.7% and is now trading at $133.09.
View the best growth stocks for 2022 here
.

Are investors shorting Chesapeake Utilities?

Chesapeake Utilities saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 275,900 shares, a drop of 20.6% from the July 15th total of 347,500 shares. Based on an average daily trading volume, of 69,400 shares, the short-interest ratio is presently 4.0 days. Currently, 1.6% of the shares of the company are short sold.
View Chesapeake Utilities' Short Interest
.

When is Chesapeake Utilities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CPK earnings forecast
.

How were Chesapeake Utilities' earnings last quarter?

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, topping analysts' consensus estimates of $0.54 by $0.17. The utilities provider had revenue of $107.34 million for the quarter, compared to analyst estimates of $114 million. Chesapeake Utilities had a net margin of 14.15% and a trailing twelve-month return on equity of 11.16%. During the same period last year, the business posted $0.56 EPS.

How often does Chesapeake Utilities pay dividends? What is the dividend yield for Chesapeake Utilities?

Chesapeake Utilities declared a quarterly dividend on Thursday, August 4th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.535 per share on Wednesday, October 5th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for CPK
.

Is Chesapeake Utilities a good dividend stock?

Chesapeake Utilities (NYSE:CPK) pays an annual dividend of $2.14 per share and currently has a dividend yield of 1.63%. 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 42.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPK will have a dividend payout ratio of 39.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPK.

When did Chesapeake Utilities' stock split?

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

What guidance has Chesapeake Utilities issued on next quarter's earnings?

Chesapeake Utilities issued an update on its FY 2025 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of $6.05-$6.25 for the period. The company issued revenue guidance of -.

What other stocks do shareholders of Chesapeake Utilities own?

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).

What is Chesapeake Utilities' stock symbol?

Chesapeake Utilities trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPK."

Who are Chesapeake Utilities' major shareholders?

Chesapeake Utilities' stock is owned by many different retail and institutional investors. Top institutional investors include Copeland Capital Management LLC (1.47%), JPMorgan Chase & Co. (0.94%), Boston Trust Walden Corp (0.89%), Principal Financial Group Inc. (0.67%), Tributary Capital Management LLC (0.51%) and RMB Capital Management LLC (0.39%). Insiders that own company stock include John R Schimkaitis, John R Schimkaitis, Stephen C Thompson, Thomas P Hill Jr and Thomas P Hill, Jr.
View institutional ownership trends
.

How do I buy shares of Chesapeake Utilities?

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.
Compare Top Brokerages Here.

What is Chesapeake Utilities' stock price today?

One share of CPK stock can currently be purchased for approximately $133.09.

How much money does Chesapeake Utilities make?

Chesapeake Utilities (NYSE:CPK) has a market capitalization of $2.36 billion and generates $569.97 million in revenue each year. The utilities provider earns $83.47 million in net income (profit) each year or $5.03 on an earnings per share basis.

How many employees does Chesapeake Utilities have?

The company employs 1,007 workers across the globe.

How can I contact Chesapeake Utilities?

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.

This page (NYSE:CPK) was last updated on 8/12/2022 by MarketBeat.com Staff

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