Chesapeake Utilities (NYSE:CPK) Given New $134.00 Price Target at Wells Fargo & Company

Chesapeake Utilities (NYSE:CPK) had its price objective raised by equities researchers at Wells Fargo & Company from $132.00 to $134.00 in a report released on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 0.60% from the stock’s previous close.

A number of other analysts also recently commented on the company. Weiss Ratings raised Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Wall Street Zen cut Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Barclays set a $142.00 price target on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Chesapeake Utilities currently has an average rating of “Hold” and a consensus target price of $138.00.

Chesapeake Utilities Trading Down 0.5%

CPK stock traded down $0.65 during mid-day trading on Monday, reaching $133.20. The company’s stock had a trading volume of 77,397 shares, compared to its average volume of 158,590. Chesapeake Utilities has a 12 month low of $118.88 and a 12 month high of $140.83. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average price is $127.35 and its 200 day moving average price is $128.26. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 21.24 and a beta of 0.68.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02). Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The company had revenue of $201.90 million during the quarter, compared to the consensus estimate of $198.91 million. During the same quarter in the prior year, the firm earned $1.04 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. On average, equities research analysts predict that Chesapeake Utilities will post 6.42 EPS for the current year.

Insider Buying and Selling at Chesapeake Utilities

In related news, SVP Kevin J. Webber sold 2,000 shares of Chesapeake Utilities stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $127.37, for a total value of $254,740.00. Following the completion of the sale, the senior vice president owned 12,652 shares of the company’s stock, valued at approximately $1,611,485.24. This trade represents a 13.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffry M. Householder sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $126.12, for a total value of $1,261,200.00. Following the completion of the sale, the chief executive officer owned 63,001 shares in the company, valued at $7,945,686.12. This represents a 13.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Chesapeake Utilities

A number of institutional investors have recently modified their holdings of CPK. EverSource Wealth Advisors LLC grew its stake in Chesapeake Utilities by 94.7% in 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 in the last quarter. Geneos Wealth Management Inc. grew its position in shares of 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 in the last quarter. Entrust Financial LLC bought a new stake in shares of Chesapeake Utilities during the 4th quarter valued at $37,000. Versant Capital Management Inc raised its stake in shares of Chesapeake Utilities by 38.8% during the 2nd quarter. Versant Capital Management Inc now owns 304 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 85 shares during the period. Finally, CIBC Private Wealth Group LLC lifted 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 in the last quarter. 83.11% of the stock is currently owned by hedge funds and other institutional investors.

About Chesapeake Utilities

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.