Chesapeake Utilities - CPK Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chesapeake Utilities in the last twelve months. There are currently 1 hold rating 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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1 equities research analysts have issued 1-year price targets for Chesapeake Utilities' stock. Their CPK share price forecasts range from $126.00 to $128.00. On average, they predict the company's stock price to reach $127.00 in the next year. This suggests that the stock has a possible downside of 6.7%.
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Chesapeake Utilities' stock was trading at $145.81 at the beginning of the year. Since then, CPK stock has decreased by 6.6% and is now trading at $136.15.
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Chesapeake Utilities saw a drop in short interest in 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 volume of 69,400 shares, the days-to-cover ratio is presently 4.0 days. Currently, 1.6% of the company's shares are sold short.
View Chesapeake Utilities' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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Chesapeake Utilities Co. (NYSE:CPK) issued its quarterly earnings results 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 the consensus estimate 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 quarter in the previous year, the company earned $0.56 EPS.

Chesapeake Utilities declared a quarterly dividend on Thursday, August 4th. Investors 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 yield of 1.57%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for CPK.

Chesapeake Utilities (NYSE:CPK) pays an annual dividend of $2.14 per share and currently has a dividend yield of 1.58%. 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.

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 minted 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, August, 10th. The company provided earnings per share (EPS) guidance of $6.05-$6.25 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 investors include Price T Rowe Associates Inc. MD (11.70%), State Street Corp (3.53%), Copeland Capital Management LLC (1.47%), Northern Trust Corp (1.34%), JPMorgan Chase & Co. (0.94%) and Boston Trust Walden Corp (0.89%). Insiders that own company stock include John R Schimkaitis, John R Schimkaitis, Stephen C Thompson, Thomas P Hill Jr 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 $136.15.

Chesapeake Utilities (NYSE:CPK) has a market capitalization of $2.42 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.

The company employs 1,007 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.