Chesapeake Utilities (NYSE:CPK) Releases FY 2026 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 7.750-8.000 for the period, compared to the consensus earnings per share estimate of 6.480. The company issued revenue guidance of -.

Chesapeake Utilities Trading Down 0.2%

Shares of NYSE CPK traded down $0.25 during midday trading on Thursday, reaching $133.59. 166,232 shares of the stock were exchanged, compared to its average volume of 159,126. The company has a 50 day simple moving average of $126.92 and a 200 day simple moving average of $128.12. The stock has a market capitalization of $3.21 billion, a P/E ratio of 21.41 and a beta of 0.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.43. Chesapeake Utilities has a twelve month low of $118.88 and a twelve month high of $140.83.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.09. The firm had revenue of $353.10 million for the quarter, compared to analysts’ expectations of $339.86 million. Chesapeake Utilities had a return on equity of 9.53% and a net margin of 15.11%.The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.22 earnings per share. As a group, equities analysts expect that Chesapeake Utilities will post 6.46 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wells Fargo & Company initiated coverage on Chesapeake Utilities in a research report on Tuesday, May 12th. They issued an “equal weight” rating and a $132.00 target price on the stock. Barclays set a $142.00 price target on Chesapeake Utilities and gave the stock an “equal weight” rating in a report on Monday, April 20th. Wall Street Zen downgraded Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $137.00.

Insider Buying and Selling

In other news, CEO Jeffry M. Householder sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $126.12, for a total transaction of $1,261,200.00. Following the completion of the transaction, the chief executive officer directly owned 63,001 shares in the company, valued at $7,945,686.12. This trade represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kevin J. Webber sold 2,000 shares of Chesapeake Utilities stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $127.37, for a total value of $254,740.00. Following the completion of the sale, the senior vice president directly owned 12,652 shares of the company’s stock, valued at $1,611,485.24. The trade was a 13.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.36% of the stock is owned by insiders.

Hedge Funds Weigh In On Chesapeake Utilities

A number of hedge funds and other institutional investors have recently bought and sold shares of CPK. EverSource Wealth Advisors LLC grew its position in Chesapeake Utilities by 94.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 108 shares in the last quarter. 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 purchasing an additional 164 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of 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 purchasing an additional 109 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Chesapeake Utilities during the third quarter worth about $62,000. Finally, Federated Hermes Inc. boosted its stake in shares of Chesapeake Utilities by 332.6% in the fourth 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 period. 83.11% of the stock is currently owned by hedge funds and other institutional investors.

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.