Chesapeake Utilities (NYSE:CPK) Updates FY 2025 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 6.150-6.350 for the period, compared to the consensus EPS estimate of 6.190. The company issued revenue guidance of -.

Analysts Set New Price Targets

CPK has been the topic of several analyst reports. BTIG Research started coverage on shares of Chesapeake Utilities in a report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Chesapeake Utilities in a research report on Wednesday, October 8th. Finally, Barclays set a $141.00 price objective on Chesapeake Utilities and gave the company an “equal weight” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $135.00.

Chesapeake Utilities Price Performance

Shares of NYSE:CPK traded up $2.32 during trading on Friday, hitting $135.46. 128,185 shares of the stock were exchanged, compared to its average volume of 119,766. Chesapeake Utilities has a 12-month low of $115.12 and a 12-month high of $140.59. The company has a market cap of $3.19 billion, a PE ratio of 24.15 and a beta of 0.79. The company has a fifty day moving average price of $130.41 and a two-hundred day moving average price of $125.98. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.83.

Chesapeake Utilities (NYSE:CPK) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08). The firm 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 business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.350 EPS. On average, analysts forecast that Chesapeake Utilities will post 5.39 EPS for the current year.

Chesapeake Utilities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, December 15th will be issued a $0.685 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, December 15th. Chesapeake Utilities’s payout ratio is 48.84%.

Insider Buying and Selling

In related news, CFO Beth W. Cooper sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $132.15, for a total value of $660,750.00. Following the completion of the transaction, the chief financial officer owned 90,713 shares of the company’s stock, valued at approximately $11,987,722.95. The trade was a 5.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.68% of the company’s stock.

Institutional Investors Weigh In On Chesapeake Utilities

A number of hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in shares of Chesapeake Utilities by 94.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider’s stock valued at $27,000 after buying an additional 108 shares during the last quarter. Geneos Wealth Management Inc. raised 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 acquiring an additional 164 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Chesapeake Utilities in the second quarter valued at $140,000. Tower Research Capital LLC TRC boosted its stake in Chesapeake Utilities by 226.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,940 shares of the utilities provider’s stock valued at $233,000 after acquiring an additional 1,345 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in Chesapeake Utilities during the 2nd quarter worth $314,000. Institutional investors and hedge funds own 83.11% of the company’s stock.

Chesapeake Utilities Company Profile

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.