Chesapeake Utilities - CPK Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chesapeake Utilities in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street 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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3 brokers have issued 12-month price objectives for Chesapeake Utilities' shares. Their CPK share price forecasts range from $115.00 to $133.00. On average, they expect the company's stock price to reach $121.33 in the next twelve months. This suggests that the stock has a possible downside of 4.6%.
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Chesapeake Utilities' stock was trading at $118.18 at the beginning of the year. Since then, CPK stock has increased by 7.7% and is now trading at $127.24.
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Chesapeake Utilities saw a increase in short interest in March. As of March 15th, there was short interest totaling 266,700 shares, an increase of 37.1% from the February 28th total of 194,500 shares. Based on an average daily volume of 85,300 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.6% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Chesapeake Utilities Co. (NYSE:CPK) posted its quarterly earnings results on Wednesday, November, 3rd. The utilities provider reported $0.71 earnings per share for the quarter, topping the consensus estimate 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 trailing twelve-month return on equity of 10.82% and a net margin of 13.19%. During the same period in the prior year, the firm posted $0.56 EPS.

Chesapeake Utilities declared a quarterly dividend on Wednesday, February 22nd. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.535 per share on Wednesday, April 5th. This represents a $2.14 annualized dividend and a yield of 1.68%. The ex-dividend date is Tuesday, March 14th.
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 1.70%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.38%. 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 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 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 updated its FY 2025 earnings guidance on Wednesday, February, 22nd. The company provided EPS 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 many different retail and institutional investors. Top institutional shareholders include T. Rowe Price Investment Management Inc. (10.67%), First Trust Advisors LP (3.47%), Copeland Capital Management LLC (2.21%), Geode Capital Management LLC (1.80%), JPMorgan Chase & Co. (1.08%) and Charles Schwab Investment Management Inc. (0.98%). 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.
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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 $127.24.

Chesapeake Utilities (NYSE:CPK) has a market capitalization of $2.26 billion and generates $680.70 million in revenue each year. The utilities provider earns $89.80 million in net income (profit) each year or $5.05 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.