Key Points
- CEO Jeffry Householder sold 5,000 shares on December 16 at an average price of $126.72 for $633,600, cutting his holding by 6.5% to 71,916 shares (about $9.11M).
- The company missed quarterly EPS estimates, reporting $0.82 versus $0.90 expected, but revenue rose 12.1% year-over-year to $179.6M and management set FY2025 guidance of $6.15–$6.35 EPS.
- Chesapeake declared a quarterly dividend of $0.685 (annualized $2.74) with a yield of ~2.1%; the ex-dividend date was Dec 15 and payment is scheduled for Jan 5.
Chesapeake Utilities Corporation (NYSE:CPK - Get Free Report) CEO Jeffry Householder sold 5,000 shares of the company's stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $126.72, for a total value of $633,600.00. Following the completion of the sale, the chief executive officer owned 71,916 shares in the company, valued at $9,113,195.52. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Chesapeake Utilities Price Performance
Shares of CPK opened at $128.90 on Friday. The business has a 50-day moving average of $132.49 and a 200-day moving average of $127.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.62 and a quick ratio of 0.55. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 22.81 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.
Chesapeake Utilities (NYSE:CPK - Get Free Report) last released its earnings results on Thursday, November 6th. The utilities provider reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.08). Chesapeake Utilities had a net margin of 14.77% and a return on equity of 9.03%. The firm had revenue of $179.60 million for the quarter, compared to analyst estimates of $167.30 million. During the same period in the prior year, the company posted $0.80 EPS. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.350 EPS. As a group, equities research analysts anticipate that Chesapeake Utilities Corporation will post 5.39 earnings per share for the current year.
Chesapeake Utilities Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 15th will be paid a dividend of $0.685 per share. This represents a $2.74 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, December 15th. Chesapeake Utilities's dividend payout ratio (DPR) is currently 48.50%.
Analyst Ratings Changes
A number of analysts have commented on the stock. BTIG Research assumed coverage on shares of Chesapeake Utilities in a research report on Tuesday, October 21st. They set a "neutral" rating on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Chesapeake Utilities in a research note on Monday. Wall Street Zen raised Chesapeake Utilities from a "sell" rating to a "hold" rating in a research note on Saturday, December 13th. Finally, Barclays set a $141.00 price target on Chesapeake Utilities and gave the company an "equal weight" rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $141.00.
Read Our Latest Research Report on Chesapeake Utilities
Institutional Trading of Chesapeake Utilities
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPK. Nisa Investment Advisors LLC increased its holdings in shares of Chesapeake Utilities by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,416 shares of the utilities provider's stock valued at $327,000 after acquiring an additional 89 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in Chesapeake Utilities by 4.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,231 shares of the utilities provider's stock valued at $301,000 after purchasing an additional 96 shares during the period. New York State Teachers Retirement System grew its position in Chesapeake Utilities by 1.8% in the 2nd quarter. New York State Teachers Retirement System now owns 5,757 shares of the utilities provider's stock valued at $692,000 after purchasing an additional 100 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Chesapeake Utilities by 94.7% during the second quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider's stock worth $27,000 after buying an additional 108 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Chesapeake Utilities by 66.1% in the third quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider's stock valued at $37,000 after buying an additional 109 shares in the last quarter. 83.11% of the stock is owned by institutional investors.
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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