Key Points
- COO Jeffery Sylvester sold 1,000 shares on Nov. 20 at an average price of $137.08 for proceeds of $137,080, reducing his direct holding to 11,916 shares (a 7.74% decrease) as disclosed in an SEC filing.
- Chesapeake Utilities reported quarterly EPS of $0.82 (missed estimates of $0.90) while revenue beat at $179.6M (+12.1% YoY), and management set FY2025 EPS guidance of 6.15–6.35.
- The company declared a quarterly dividend of $0.685 (annualized $2.74) with an ex-dividend/record date of Dec. 15, implying a yield of about 2.0%.
Chesapeake Utilities Corporation (NYSE:CPK - Get Free Report) COO Jeffery Sylvester sold 1,000 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $137.08, for a total value of $137,080.00. Following the sale, the chief operating officer directly owned 11,916 shares in the company, valued at $1,633,445.28. This represents a 7.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Chesapeake Utilities Stock Performance
Shares of NYSE CPK opened at $137.88 on Tuesday. The company has a market capitalization of $3.26 billion, a PE ratio of 24.58 and a beta of 0.79. Chesapeake Utilities Corporation has a 1 year low of $115.12 and a 1 year high of $140.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.36 and a current ratio of 0.42. The company's fifty day moving average price is $133.12 and its 200 day moving average price is $126.12.
Chesapeake Utilities (NYSE:CPK - Get Free Report) last announced its earnings results on Thursday, November 6th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.08). The business had revenue of $179.60 million for the quarter, compared to analyst estimates of $167.30 million. Chesapeake Utilities had a return on equity of 9.20% and a net margin of 14.89%.The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.350 EPS. On average, research analysts predict that Chesapeake Utilities Corporation will post 5.39 earnings per share for the current year.
Chesapeake Utilities Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 15th will be issued a $0.685 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.74 dividend on an annualized basis and a yield of 2.0%. Chesapeake Utilities's dividend payout ratio (DPR) is presently 48.50%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on CPK. BTIG Research began coverage on shares of Chesapeake Utilities in a research report on Tuesday, October 21st. They set a "neutral" rating on the stock. Barclays set a $141.00 price objective on Chesapeake Utilities and gave the stock an "equal weight" rating in a research note on Tuesday, October 28th. Weiss Ratings upgraded Chesapeake Utilities from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. Finally, Wall Street Zen cut shares of Chesapeake Utilities from a "hold" rating to a "sell" rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $141.00.
View Our Latest Stock Report on CPK
Hedge Funds Weigh In On Chesapeake Utilities
Several hedge funds have recently bought and sold shares of the company. Elevation Point Wealth Partners LLC acquired a new stake in shares of Chesapeake Utilities during the second quarter worth about $26,000. JFS Wealth Advisors LLC grew its stake in shares of Chesapeake Utilities by 1,909.1% in the second quarter. JFS Wealth Advisors LLC now owns 221 shares of the utilities provider's stock worth $27,000 after acquiring an additional 210 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Chesapeake Utilities by 94.7% in the second quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 108 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Chesapeake Utilities by 292.9% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 164 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in Chesapeake Utilities by 66.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider's stock worth $37,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 83.11% of the company's stock.
About Chesapeake Utilities
(
Get Free Report)
Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida.
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