Wellington Management Group LLP Boosts Stock Holdings in Chesapeake Utilities Corporation $CPK

Wellington Management Group LLP grew its stake in shares of Chesapeake Utilities Corporation (NYSE:CPK) by 4.4% during the second quarter, Holdings Channel reports. The institutional investor owned 939,774 shares of the utilities provider’s stock after purchasing an additional 39,754 shares during the quarter. Wellington Management Group LLP’s holdings in Chesapeake Utilities were worth $115,104,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cbre Investment Management Listed Real Assets LLC increased its stake in Chesapeake Utilities by 54.4% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 202,264 shares of the utilities provider’s stock worth $25,234,000 after purchasing an additional 71,242 shares during the period. Vanguard Group Inc. lifted its position in Chesapeake Utilities by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 2,020,146 shares of the utilities provider’s stock valued at $252,033,000 after purchasing an additional 49,789 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Chesapeake Utilities during the first quarter valued at approximately $1,219,000. Legato Capital Management LLC bought a new position in shares of Chesapeake Utilities in the fourth quarter worth approximately $1,834,000. Finally, Geode Capital Management LLC grew its holdings in shares of Chesapeake Utilities by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 554,714 shares of the utilities provider’s stock worth $69,217,000 after purchasing an additional 6,808 shares during the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Price Performance

Shares of Chesapeake Utilities stock opened at $132.18 on Wednesday. The business has a 50 day moving average of $131.69 and a 200 day moving average of $129.04. Chesapeake Utilities Corporation has a 52 week low of $118.88 and a 52 week high of $140.83. The company has a market cap of $3.19 billion, a PE ratio of 21.08 and a beta of 0.68. 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 released its quarterly earnings results 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 last year, the firm earned $1.04 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. As a group, equities research analysts forecast that Chesapeake Utilities Corporation will post 6.42 earnings per share for the current year.

Chesapeake Utilities Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.