Chesapeake Utilities Corporation $CPK Stock Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in Chesapeake Utilities Corporation (NYSE:CPK) by 29.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,013 shares of the utilities provider’s stock after acquiring an additional 17,831 shares during the quarter. ProShare Advisors LLC owned 0.32% of Chesapeake Utilities worth $10,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new position in Chesapeake Utilities during the second quarter worth about $459,185,000. Wellington Management Group LLP boosted its holdings in Chesapeake Utilities by 4.4% in the 2nd quarter. Wellington Management Group LLP now owns 939,774 shares of the utilities provider’s stock valued at $115,104,000 after purchasing an additional 39,754 shares during the period. Bank of New York Mellon Corp bought a new stake in Chesapeake Utilities in the 2nd quarter valued at about $25,935,000. Energy Income Partners LLC bought a new stake in Chesapeake Utilities in the 2nd quarter valued at about $25,080,000. Finally, Jupiter Topco LLC bought a new stake in Chesapeake Utilities in the 2nd quarter valued at about $19,744,000. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Utilities Stock Down 1.1%

Shares of NYSE CPK opened at $137.76 on Wednesday. The stock has a market capitalization of $3.32 billion, a P/E ratio of 21.97 and a beta of 0.62. The stock’s fifty day moving average is $131.17 and its 200 day moving average is $129.35. Chesapeake Utilities Corporation has a 52 week low of $118.88 and a 52 week high of $140.83. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.28 and a current ratio of 0.32.

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). The firm had revenue of $201.90 million for the quarter, compared to the consensus estimate of $198.91 million. Chesapeake Utilities had a return on equity of 9.34% and a net margin of 15.12%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 EPS. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. Sell-side analysts forecast that Chesapeake Utilities Corporation will post 6.40 earnings per share for the current fiscal year.

Chesapeake Utilities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Monday, September 14th were issued a dividend of $0.7350 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, September 14th. Chesapeake Utilities’s dividend payout ratio is 46.89%.

Wall Street Analysts Forecast Growth

CPK has been the topic of several recent research reports. Mizuho set a $150.00 target price on shares of Chesapeake Utilities and gave the stock an “outperform” rating in a report on Friday, September 11th. Barclays set a $134.00 price target on shares of Chesapeake Utilities and gave the company an “equal weight” rating in a research report on Monday, October 19th. Weiss Ratings upgraded Chesapeake Utilities from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. Wall Street Zen cut Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Wells Fargo & Company set a $136.00 price target on Chesapeake Utilities and gave the stock an “equal weight” rating in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $142.50.

About Chesapeake Utilities

Chesapeake Utilities Corporation is an energy delivery company that provides natural gas, propane, electricity and related services to residential, commercial, industrial and institutional customers. Its operations include regulated utility businesses as well as unregulated energy and infrastructure activities.

The company distributes natural gas and electricity, transports natural gas through pipeline systems, and supplies propane and other fuels. It also develops and operates energy infrastructure and provides renewable natural gas and other energy solutions through its portfolio of operating subsidiaries.

Founded in 1859, Chesapeake Utilities serves customers primarily in Delaware, Maryland, Pennsylvania, Virginia, Florida and Ohio.