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NYSE:CPK

Chesapeake Utilities - CPK Stock Forecast, Price & News

$136.15
+0.37 (+0.27%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$135.22
$136.75
50-Day Range
$119.00
$137.13
52-Week Range
$117.43
$146.30
Volume
52,637 shs
Average Volume
61,235 shs
Market Capitalization
$2.42 billion
P/E Ratio
27.07
Dividend Yield
1.58%
Price Target
$127.00

Chesapeake Utilities MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
6.7% Downside
$127.00 Price Target
Short Interest
Healthy
1.60% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.54
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$324,375 Sold Last Quarter
Proj. Earnings Growth
8.33%
From $5.04 to $5.46 Per Share

Overall MarketRank

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

2.10 out of 5 stars

Utilities Sector

51st out of 93 stocks

Gas Transmission & Distribution Industry

5th out of 6 stocks

CPK stock logo

About Chesapeake Utilities (NYSE:CPK) Stock

Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula and Florida; and regulated electric distribution in northeast and northwest Florida. The Unregulated Energy segment engages in the propane operations in the Mid-Atlantic region, North Carolina, South Carolina, and Florida; unregulated natural gas transmission/supply operation in central and eastern Ohio; generation of electricity and steam; and provision of compressed natural gas, liquefied natural gas, and renewable natural gas transportation and pipeline solutions primarily to utilities and pipelines in the eastern United States. This segment also provides other unregulated energy services, such as energy-related merchandise sales; heating, ventilation, and air conditioning services; and plumbing and electrical services. The company was founded in 1859 and is headquartered in Dover, Delaware.

Chesapeake Utilities Price Performance

Shares of Chesapeake Utilities stock traded up $0.37 during trading on Wednesday, reaching $136.15. 52,637 shares of the stock traded hands, compared to its average volume of 63,330. Chesapeake Utilities has a 52-week low of $117.43 and a 52-week high of $146.30. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.43. The business has a fifty day simple moving average of $128.34 and a two-hundred day simple moving average of $131.59. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 26.99 and a beta of 0.56.

Chesapeake Utilities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Thursday, September 15th will be issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Wednesday, September 14th. Chesapeake Utilities's dividend payout ratio (DPR) is presently 42.54%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company increased their price objective on shares of Chesapeake Utilities from $120.00 to $128.00 in a report on Thursday, May 5th.

Insider Buying and Selling

In other Chesapeake Utilities news, insider John R. Schimkaitis sold 2,500 shares of the stock in a transaction on Friday, July 1st. The shares were sold at an average price of $129.75, for a total transaction of $324,375.00. Following the completion of the transaction, the insider now owns 85,516 shares in the company, valued at $11,095,701. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.58% of the stock is currently owned by company insiders.

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CPK Stock News Headlines

Shares of CPK Now Oversold
Chesapeake Utilities goes ex-dividend tomorrow
Chesapeake Utilities declares $0.48 dividend
CPK Stock Crowded With Sellers
See More Headlines
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CPK Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 7/5 Dividend
6/14/2022
Dividend Payable
7/05/2022
Today
8/18/2022
Ex-Dividend for 10/5 Dividend
9/14/2022
Dividend Payable
10/05/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Gas transmission & distribution
Sub-Industry
Gas Utilities
Sector
Utilities
CUSIP
16530310
Employees
1,007
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$127.00
High Stock Price Forecast
$128.00
Low Stock Price Forecast
$126.00
Forecasted Upside/Downside
-6.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$83.47 million
Pretax Margin
19.13%

Debt

Sales & Book Value

Annual Sales
$569.97 million
Cash Flow
$8.90 per share
Book Value
$45.99 per share

Miscellaneous

Free Float
17,280,000
Market Cap
$2.42 billion
Optionable
Optionable
Beta
0.56

Key Executives

  • Mr. Jeffry M. Householder (Age 64)
    Pres, CEO & Director
    Comp: $1.7M
  • Ms. Beth W. Cooper (Age 55)
    Exec. VP, CFO & Assistant Corp. Sec.
    Comp: $737.24k
  • Mr. Jeffrey S. Sylvester (Age 52)
    Sr. VP & COO
    Comp: $506.22k
  • Mr. James F. Moriarty (Age 64)
    Exec. VP, Gen. Counsel, Corp. Sec. and Chief Policy & Risk Officer
    Comp: $727.61k
  • Mr. Kevin J. Webber (Age 63)
    Sr. VP & Chief Devel. Officer
    Comp: $527.47k
  • Mr. Michael D. Galtman (Age 47)
    Sr. VP & Chief Accounting Officer
  • Mr. Vikrant A. Gadgil
    VP & Chief Information Officer
  • Mr. Alexander Whitelam
    Head of Investor Relations
  • Ms. Sydney Hawthorne Davis
    Communications Mang.
  • Ms. Danielle Mulligan
    Assistant VP of Communications & Marketing













CPK Stock - Frequently Asked Questions

Should I buy or sell Chesapeake Utilities stock right now?

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.
View CPK analyst ratings
or view top-rated stocks.

What is Chesapeake Utilities' stock price forecast for 2022?

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%.
View analysts price targets for CPK
or view top-rated stocks among Wall Street analysts.

How have CPK shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Chesapeake Utilities?

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
.

When is Chesapeake Utilities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CPK earnings forecast
.

How were Chesapeake Utilities' earnings last quarter?

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.

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

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
.

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 1.58%. 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.

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 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.

What guidance has Chesapeake Utilities issued on next quarter's earnings?

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 -.

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 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.
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 $136.15.

How much money does Chesapeake Utilities make?

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.

How many employees does Chesapeake Utilities have?

The company employs 1,007 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 8/18/2022 by MarketBeat.com Staff

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