Key Points
- CEO Jeffry Householder sold 3,092 shares at an average of $127.41 for $393,951.72, trimming his stake by 5.43% to 53,824 shares (about $6.86M).
- The company reported $0.82 EPS vs. $0.90 expected while revenue of $179.6M beat estimates, and it set FY2025 guidance of 6.150–6.350 EPS.
- Chesapeake declared a quarterly dividend of $0.685 (annualized $2.74, yield 2.2%) with an ex-dividend date of Dec. 15 and payment on Jan. 5.
Chesapeake Utilities Corporation (NYSE:CPK - Get Free Report) CEO Jeffry Householder sold 3,092 shares of the firm's stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $127.41, for a total value of $393,951.72. Following the sale, the chief executive officer directly owned 53,824 shares in the company, valued at approximately $6,857,715.84. The trade was a 5.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Chesapeake Utilities Price Performance
CPK opened at $124.52 on Tuesday. The firm has a market capitalization of $2.94 billion, a PE ratio of 22.04 and a beta of 0.79. 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 business's 50-day moving average is $132.03 and its two-hundred day moving average is $127.33. 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 quarterly 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 during the quarter, compared to the consensus estimate of $167.30 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. The firm's quarterly revenue was up 12.1% on a year-over-year basis. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.350 EPS. Research analysts anticipate that Chesapeake Utilities Corporation will post 5.39 earnings per share for the current fiscal year.
Chesapeake Utilities Announces Dividend
The firm also recently declared 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. This represents a $2.74 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, December 15th. Chesapeake Utilities's dividend payout ratio (DPR) is currently 48.50%.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on CPK shares. Barclays set a $141.00 price objective on shares of Chesapeake Utilities and gave the company an "equal weight" rating in a research report on Tuesday, October 28th. Wall Street Zen upgraded shares of Chesapeake Utilities from a "sell" rating to a "hold" rating in a research note on Saturday, December 13th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Chesapeake Utilities in a report on Monday, December 15th. Finally, BTIG Research assumed coverage on shares of Chesapeake Utilities in a report on Tuesday, October 21st. They set a "neutral" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Chesapeake Utilities has an average rating of "Moderate Buy" and an average price target of $141.00.
Check Out Our Latest Stock Report on Chesapeake Utilities
Institutional Trading of Chesapeake Utilities
Institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its position in 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 purchasing an additional 89 shares during the period. TD Waterhouse Canada Inc. raised its stake in shares of Chesapeake Utilities by 4.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,231 shares of the utilities provider's stock valued at $301,000 after buying an additional 96 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of 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 buying an additional 100 shares during the period. EverSource Wealth Advisors LLC boosted 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 worth $27,000 after buying an additional 108 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted 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 worth $37,000 after buying an additional 109 shares during the last quarter. 83.11% of the stock is currently owned by institutional investors and hedge funds.
Chesapeake Utilities Company Profile
(
Get Free Report)
Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.
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