First National Bank of Omaha Makes New Investment in Chesapeake Utilities Corporation $CPK

First National Bank of Omaha bought a new position in shares of Chesapeake Utilities Corporation (NYSE:CPK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,960 shares of the utilities provider’s stock, valued at approximately $485,000.

A number of other institutional investors have also recently added to or reduced their stakes in CPK. BlackRock Inc. bought a new stake in shares of Chesapeake Utilities in the 2nd quarter worth approximately $459,185,000. Vanguard Group Inc. boosted its holdings in Chesapeake Utilities by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,020,146 shares of the utilities provider’s stock worth $252,033,000 after buying an additional 49,789 shares in the last quarter. State Street Corp grew its position in Chesapeake Utilities by 0.8% in the second quarter. State Street Corp now owns 1,257,589 shares of the utilities provider’s stock worth $152,023,000 after buying an additional 9,556 shares during the last quarter. Wellington Management Group LLP grew its position in Chesapeake Utilities by 27.6% in the third quarter. Wellington Management Group LLP now owns 952,045 shares of the utilities provider’s stock worth $128,231,000 after buying an additional 205,742 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Chesapeake Utilities by 3.0% in the third quarter. Invesco Ltd. now owns 590,793 shares of the utilities provider’s stock valued at $79,574,000 after buying an additional 16,993 shares in the last quarter. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Utilities Stock Performance

Shares of NYSE CPK opened at $136.62 on Thursday. Chesapeake Utilities Corporation has a 12 month low of $118.88 and a 12 month high of $140.83. The company has a market cap of $3.29 billion, a P/E ratio of 21.79 and a beta of 0.68. The business’s 50 day moving average is $129.36 and its two-hundred day moving average is $128.75. The company has a quick ratio of 0.28, a current ratio of 0.32 and a debt-to-equity ratio of 0.79.

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

Chesapeake Utilities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Monday, September 14th will be given a $0.735 dividend. The ex-dividend date is Monday, September 14th. This represents a $2.94 dividend on an annualized basis and a yield of 2.2%. Chesapeake Utilities’s payout ratio is 46.89%.

Wall Street Analysts Forecast Growth

CPK has been the subject of several analyst reports. Weiss Ratings raised Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Wells Fargo & Company lifted their target price on shares of Chesapeake Utilities from $132.00 to $134.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Finally, Wall Street Zen cut Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Chesapeake Utilities has a consensus rating of “Hold” and a consensus price target of $138.00.

Chesapeake Utilities Profile

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.