Key Points
- CEO Jeffry Householder sold 1,908 shares on Dec. 26 at an average of $125.83 for $240,083.64, reducing his stake by 3.54% to 51,916 shares valued at about $6.53 million.
- The company reported quarterly EPS of $0.82 versus $0.90 expected (a miss) while revenue of $179.6 million beat estimates and rose 12.1% year-over-year; Chesapeake set FY2025 guidance of 6.150–6.350 EPS (analysts forecast ~5.39 EPS).
- Chesapeake declared a quarterly dividend of $0.685 ($2.74 annualized, ~2.2% yield, 48.5% payout ratio) and holds a consensus rating of Moderate Buy with a $141 price target.
Chesapeake Utilities Corporation (NYSE:CPK - Get Free Report) CEO Jeffry Householder sold 1,908 shares of the stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $125.83, for a total value of $240,083.64. Following the sale, the chief executive officer owned 51,916 shares of the company's stock, valued at $6,532,590.28. This represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Chesapeake Utilities Price Performance
Shares of Chesapeake Utilities stock opened at $126.19 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.62 and a quick ratio of 0.55. Chesapeake Utilities Corporation has a one year low of $115.12 and a one year high of $140.59. The business's 50 day simple moving average is $131.26 and its two-hundred day simple moving average is $127.54. The stock has a market capitalization of $2.98 billion, a P/E ratio of 22.33 and a beta of 0.79.
Chesapeake Utilities (NYSE:CPK - Get Free Report) last released its quarterly earnings data 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 company had revenue of $179.60 million for the quarter, compared to analysts' expectations of $167.30 million. During the same period last 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. Analysts forecast that Chesapeake Utilities Corporation will post 5.39 EPS for the current year.
Chesapeake Utilities Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.685 per share. This represents a $2.74 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, December 15th. Chesapeake Utilities's dividend payout ratio is 48.50%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on CPK. Weiss Ratings reissued a "hold (c+)" rating on shares of Chesapeake Utilities in a research note on Monday, December 22nd. Barclays set a $141.00 price objective on Chesapeake Utilities and gave the stock an "equal weight" rating in a research report on Tuesday, October 28th. BTIG Research initiated coverage on Chesapeake Utilities in a report on Tuesday, October 21st. They set a "neutral" rating for the company. Finally, Wall Street Zen raised Chesapeake Utilities from a "sell" rating to a "hold" rating in a research note on Saturday, December 13th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Chesapeake Utilities presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.00.
Read Our Latest Analysis on Chesapeake Utilities
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in CPK. CIBC Private Wealth Group LLC lifted its stake in shares of Chesapeake Utilities by 66.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 109 shares during the period. CIBC Bancorp USA Inc. bought a new position in Chesapeake Utilities in the third quarter worth $329,000. Hancock Whitney Corp purchased a new position in Chesapeake Utilities during the third quarter valued at $207,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Chesapeake Utilities by 6.1% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 36,841 shares of the utilities provider's stock valued at $4,977,000 after buying an additional 2,115 shares in the last quarter. Finally, Mariner LLC grew its position in shares of Chesapeake Utilities by 71.9% in the 3rd quarter. Mariner LLC now owns 7,074 shares of the utilities provider's stock worth $953,000 after buying an additional 2,958 shares during the period. Hedge funds and other institutional investors own 83.11% of the company's stock.
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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