Chesapeake Utilities (NYSE:CPK) Releases FY 2028 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) issued an update on its FY 2028 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 7.750-8.000 for the period, compared to the consensus estimate of 6.630. The company issued revenue guidance of -.

Chesapeake Utilities Stock Performance

CPK opened at $134.29 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.62 and a quick ratio of 0.55. The firm has a fifty day moving average price of $127.77 and a 200 day moving average price of $129.43. Chesapeake Utilities has a 1 year low of $115.24 and a 1 year high of $140.59. The stock has a market cap of $3.18 billion, a P/E ratio of 23.77 and a beta of 0.79.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $1.94 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.22). Chesapeake Utilities had a net margin of 14.77% and a return on equity of 9.03%. The firm had revenue of $258.90 million for the quarter, compared to analyst estimates of $208.59 million. During the same quarter in the prior year, the business posted $1.63 EPS. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. Chesapeake Utilities has set its FY 2028 guidance at 7.750-8.000 EPS. Equities research analysts anticipate that Chesapeake Utilities will post 5.39 earnings per share for the current year.

Chesapeake Utilities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Monday, March 16th will be issued a $0.685 dividend. This represents a $2.74 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, March 16th. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 48.50%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CPK. Barclays reissued a “reduce” rating and issued a $140.00 price target (down from $141.00) on shares of Chesapeake Utilities in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Chesapeake Utilities in a research note on Monday, December 29th. Finally, Wall Street Zen lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $140.00.

Insider Transactions at Chesapeake Utilities

In other Chesapeake Utilities news, CEO Jeffry M. Householder sold 1,908 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $125.83, for a total value of $240,083.64. Following the transaction, the chief executive officer directly owned 51,916 shares of the company’s stock, valued at $6,532,590.28. This trade represents a 3.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 17,500 shares of company stock worth $2,218,185. 2.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Chesapeake Utilities

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Chesapeake Utilities by 94.7% during 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 during the period. Geneos Wealth Management Inc. increased its stake in Chesapeake Utilities by 292.9% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 164 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in Chesapeake Utilities by 66.1% during the third quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 109 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in Chesapeake Utilities in the third quarter valued at $62,000. Finally, Federated Hermes Inc. lifted its stake in shares of Chesapeake Utilities by 332.6% in the 4th quarter. Federated Hermes Inc. now owns 623 shares of the utilities provider’s stock valued at $78,000 after purchasing an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Company 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.