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NYSE:CPK

Chesapeake Utilities (CPK) Stock Forecast, Price & News

$129.81
+3.30 (+2.61%)
(As of 03:21 PM ET)
Compare
Today's Range
$125.42
$130.37
50-Day Range
$122.64
$131.48
52-Week Range
$105.79
$138.49
Volume
52,719 shs
Average Volume
79,718 shs
Market Capitalization
$2.31 billion
P/E Ratio
25.91
Dividend Yield
1.65%
Price Target
$121.33

Chesapeake Utilities MarketRank™ Forecast

Analyst Rating
Hold
1.67 Rating Score
Upside/​Downside
6.3% Downside
$121.33 Price Target
Short Interest
Healthy
0.83% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-9.10
Upright™ Environmental Score
News Sentiment
1.46mentions of Chesapeake Utilities in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$652,950 Sold Last Quarter
Proj. Earnings Growth
8.27%
From $5.32 to $5.76 Per Share

Overall MarketRank

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

2.33 out of 5 stars

Utilities Sector

44th out of 84 stocks

Gas Transmission & Distribution Industry

2nd out of 6 stocks


CPK stock logo

About Chesapeake Utilities (NYSE:CPK) Stock

Chesapeake Utilities Corp. engages in the distribution and transmission of natural gas, propane and electricity, and the generation of electricity and steam. It operates through the following segments: Regulated Energy and Unregulated Energy. The Regulated Energy segment distributes and transmits gas, natural gas, and electricity. The Unregulated Energy segment markets and sells propane, crude oil, and natural gas. The company was founded in 1947 and is headquartered in Dover, DE.

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CPK Stock News Headlines

The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
RBC Capital Keeps Their Hold Rating on Chesapeake Utilities (CPK)
Earnings Outlook For Chesapeake Utilities
Atmos Energy (ATO) Lags Q1 Earnings Estimates
Chesapeake Utilities' (NYSE:CPK) Returns Have Hit A Wall
See More Headlines

CPK Price History

CPK Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 4/5 Dividend
3/14/2023
Dividend Payable
4/05/2023
Today
6/02/2023
Ex-Dividend for 7/5 Dividend
6/14/2023
Dividend Payable
7/05/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Gas transmission & distribution
Sub-Industry
Gas Utilities
Sector
Utilities
CUSIP
16530310
Employees
1,034
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$121.33
High Stock Price Forecast
$133.00
Low Stock Price Forecast
$115.00
Forecasted Upside/Downside
-6.3%
Consensus Rating
Hold
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$89.80 million
Pretax Margin
17.92%

Debt

Sales & Book Value

Annual Sales
$680.70 million
Cash Flow
$9.70 per share
Book Value
$48.26 per share

Miscellaneous

Free Float
17,313,000
Market Cap
$2.30 billion
Optionable
Optionable
Beta
0.60

Key Executives

  • Jeffry M. Householder
    Chairman, President & Chief Executive Officer
  • Jeffery S. Sylvester
    Chief Operating Officer & Senior Vice President
  • Beth W. Cooper
    CFO, Treasurer & Executive Vice President
  • Vikrant A. Gadgil
    Chief Information Officer & Vice President
  • James F. Moriarty
    Secretary, EVP, Chief Policy & Risk Officer













CPK Stock - Frequently Asked Questions

Should I buy or sell Chesapeake Utilities stock right now?

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 and 2 hold ratings 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 2023?

3 analysts have issued 12-month price objectives for Chesapeake Utilities' stock. Their CPK share price forecasts range from $115.00 to $133.00. On average, they predict the company's share price to reach $121.33 in the next twelve months. This suggests that the stock has a possible downside of 6.3%.
View analysts price targets for CPK
or view top-rated stocks among Wall Street analysts.

How have CPK shares performed in 2023?

Chesapeake Utilities' stock was trading at $118.18 at the beginning of 2023. Since then, CPK shares have increased by 9.5% and is now trading at $129.45.
View the best growth stocks for 2023 here
.

Are investors shorting Chesapeake Utilities?

Chesapeake Utilities saw a decline in short interest in April. As of April 30th, there was short interest totaling 178,200 shares, a decline of 10.4% from the April 15th total of 198,800 shares. Based on an average daily trading volume, of 81,100 shares, the short-interest ratio is currently 2.2 days. Approximately 1.0% of the company's shares 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, August 2nd 2023.
View our CPK earnings forecast
.

How were Chesapeake Utilities' earnings last quarter?

Chesapeake Utilities Co. (NYSE:CPK) posted its quarterly earnings data on Wednesday, November, 3rd. The utilities provider reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 13.20% and a trailing twelve-month return on equity of 10.57%. During the same period in the previous year, the company earned $0.56 earnings per share.

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

Chesapeake Utilities declared a quarterly dividend on Wednesday, May 3rd. Investors of record on Thursday, June 15th will be given a dividend of $0.59 per share on Wednesday, July 5th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Wednesday, June 14th. This is an increase from the stock's previous quarterly dividend of $0.54.
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 1.68%. 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 42.71%. 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.

When did Chesapeake Utilities' stock split?

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 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, May, 3rd. The company provided earnings per share guidance of $6.15-$6.35 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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.84%), State Street Corp (3.71%), First Trust Advisors LP (3.23%), Copeland Capital Management LLC (2.72%), Dimensional Fund Advisors LP (2.49%) and Bank of New York Mellon Corp (2.14%). 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.
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 $129.45.

How much money does Chesapeake Utilities make?

Chesapeake Utilities (NYSE:CPK) has a market capitalization of $2.30 billion and generates $680.70 million in revenue each year. The utilities provider earns $89.80 million in net income (profit) each year or $5.01 on an earnings per share basis.

How many employees does Chesapeake Utilities have?

The company employs 1,034 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 6/2/2023 by MarketBeat.com Staff

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