Chesapeake Utilities Stock Forecast, Price & News

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

Chesapeake Utilities Co. (NYSE:CPK) issued its quarterly earnings data on Tuesday, May, 4th. The utilities provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.83 by $0.13. The utilities provider earned $191.19 million during the quarter, compared to analysts' expectations 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CPK shares have increased by 29.0% and is now trading at $120.55.
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Chesapeake Utilities announced a quarterly dividend on Thursday, May 6th. Shareholders of record on Tuesday, June 15th will be paid a dividend of $0.48 per share on Tuesday, July 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Monday, June 14th. This is an increase from Chesapeake Utilities's previous quarterly dividend of $0.44.
View Chesapeake Utilities' dividend history.

Chesapeake Utilities pays an annual dividend of $1.76 per share and currently has a dividend yield of 1.46%. 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 41.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Chesapeake Utilities will have a dividend payout ratio of 35.41% 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 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 closing bell 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 Wall Street analysts have issued 12-month target prices for Chesapeake Utilities' stock. 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 7.0% 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), New Jersey Resources (NJR), Southwest Gas (SWX), 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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.80%), Price T Rowe Associates Inc. MD (13.67%), Dimensional Fund Advisors LP (2.69%), Bank of New York Mellon Corp (2.36%), Geode Capital Management LLC (1.57%) and Goldman Sachs Group Inc. (1.47%). 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 Panagora Asset Management Inc., William Blair Investment Management LLC, Tributary Capital Management LLC, Dimensional Fund Advisors LP, Cox Capital Mgt LLC, Bank of New York Mellon Corp, Goldman Sachs Group Inc., and Morgan Stanley.
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CPK stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Citadel Advisors LLC, Lazard Asset Management LLC, Geode Capital Management LLC, Jane Street Group LLC, Bahl & Gaynor Inc., Ensign Peak Advisors Inc, and Guggenheim Capital LLC.
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 $120.55.

Chesapeake Utilities has a market capitalization of $2.11 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]