Chesapeake Utilities 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 buy ratings for the stock. The consensus among Wall Street research 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.
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Wall Street analysts have given Chesapeake Utilities a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Chesapeake Utilities wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Chesapeake Utilities saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 251,900 shares, a decrease of 40.2% from the June 15th total of 421,300 shares. Based on an average trading volume of 55,300 shares, the short-interest ratio is currently 4.6 days. Approximately 1.5% of the company's stock are sold short.
View Chesapeake Utilities' Short Interest.

Chesapeake Utilities is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Chesapeake Utilities.

Chesapeake Utilities will be holding an earnings conference call on Thursday, August 5th at 4:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Chesapeake Utilities Co. (NYSE:CPK) released its earnings results on Tuesday, May, 4th. The utilities provider reported $1.96 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.83 by $0.13. The utilities provider had revenue of $191.19 million for the quarter, compared to the consensus estimate of $175 million. Chesapeake Utilities had a net margin of 14.63% and a trailing twelve-month return on equity of 11.56%.
View Chesapeake Utilities' earnings history.

Chesapeake Utilities' stock was trading at $93.46 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CPK shares have increased by 33.9% and is now trading at $125.12.
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Chesapeake Utilities declared a quarterly dividend on Thursday, May 6th. Shareholders of record on Tuesday, June 15th will be given a dividend of $0.48 per share on Tuesday, July 6th. This represents a $1.92 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, June 14th. This is a positive change from Chesapeake Utilities's previous quarterly dividend of $0.44.
View Chesapeake Utilities' dividend history.

Chesapeake Utilities pays an annual dividend of $1.92 per share and currently has a dividend yield of 1.54%. 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 45.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Chesapeake Utilities will have a dividend payout ratio of 38.63% next year. This indicates that Chesapeake Utilities will be able to sustain or increase its dividend.
View Chesapeake Utilities' dividend history.

Chesapeake Utilities's stock split before market open on Tuesday, September 9th 2014. The 3-2 split was announced on Wednesday, July 2nd 2014. The newly issued shares were distributed to shareholders after the market closes 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.

3 brokers have issued 12-month price targets for Chesapeake Utilities' shares. Their forecasts range from $117.00 to $135.00. On average, they anticipate Chesapeake Utilities' share price to reach $129.00 in the next year. This suggests a possible upside of 3.1% from the stock's current price.
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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 institutional and retail investors. Top institutional investors include Tufton Capital Management (0.58%), Albert D Mason Inc. (0.07%), State of Alaska Department of Revenue (0.07%) and Harel Insurance Investments & Financial Services Ltd. (0.00%). 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 Tufton Capital Management, and Albert D Mason Inc..
View insider buying and selling activity for Chesapeake Utilities or view top insider-selling stocks.

CPK stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and Harel Insurance Investments & Financial Services Ltd..
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.
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One share of CPK stock can currently be purchased for approximately $125.12.

Chesapeake Utilities has a market capitalization of $2.19 billion and generates $488.20 million in revenue each year. The utilities provider earns $71.50 million in net income (profit) each year or $4.21 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]