Chesapeake Utilities Corporation (CPK) To Go Ex-Dividend on September 14th

Chesapeake Utilities Corporation (NYSE:CPK) announced a quarterly dividend on Thursday, August 6th. Investors of record on Monday, September 14th will be paid a dividend of 0.735 per share by the utilities provider on Monday, October 5th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 14th.

Chesapeake Utilities has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 22 consecutive years. Chesapeake Utilities has a payout ratio of 43.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Chesapeake Utilities to earn $7.37 per share next year, which means the company should continue to be able to cover its $2.94 annual dividend with an expected future payout ratio of 39.9%.

Chesapeake Utilities Trading Up 0.3%

NYSE:CPK opened at $130.00 on Friday. 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 company has a 50-day moving average price of $132.92 and a 200-day moving average price of $128.92. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 20.73 and a beta of 0.67.

Chesapeake Utilities (NYSE:CPK) last posted 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 firm had revenue of $201.90 million for the quarter, compared to the consensus estimate of $198.91 million. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 earnings per share. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. Equities analysts predict that Chesapeake Utilities will post 6.42 EPS for the current year.

Institutional Investors Weigh In On Chesapeake Utilities

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Chesapeake Utilities in the second quarter valued at $459,185,000. California State Teachers Retirement System grew its holdings in Chesapeake Utilities by 13,646.2% during the 2nd quarter. California State Teachers Retirement System now owns 3,282,464 shares of the utilities provider’s stock valued at $402,036,000 after purchasing an additional 3,258,585 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Chesapeake Utilities by 831.0% in the third quarter. Alliancebernstein L.P. now owns 511,428 shares of the utilities provider’s stock worth $68,884,000 after buying an additional 456,497 shares during the period. Bank of New York Mellon Corp purchased a new stake in Chesapeake Utilities in the second quarter worth $25,935,000. Finally, Wellington Management Group LLP lifted its position in shares of Chesapeake Utilities by 27.6% during the third quarter. Wellington Management Group LLP now owns 952,045 shares of the utilities provider’s stock worth $128,231,000 after purchasing an additional 205,742 shares during the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

About Chesapeake Utilities

Chesapeake Utilities Corporation is a diversified energy delivery company headquartered in Dover, Delaware. Founded in 1859, the company operates regulated and unregulated businesses that provide natural gas, propane, electric power and related energy services to residential, commercial, industrial and institutional customers.

Its operations include natural gas distribution and transmission, propane distribution, wholesale and retail energy marketing, compressed natural gas and liquefied natural gas services, and energy logistics.