Chesapeake Utilities Corporation (NYSE:CPK) Stock Has Average Target Price of $142.50 According to Brokerages

Shares of Chesapeake Utilities Corporation (NYSE:CPK) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $142.50.

A number of research analysts recently weighed in on the stock. Barclays set a $134.00 target price 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. Mizuho set a $150.00 price objective on shares of Chesapeake Utilities and gave the company an “outperform” rating in a report on Friday, September 11th. Huntington started coverage on Chesapeake Utilities in a research report on Monday, September 14th. They issued an “outperform” rating and a $150.00 target price for the company. Finally, Wall Street Zen downgraded Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Saturday, August 1st.

Chesapeake Utilities Price Performance

Shares of NYSE:CPK opened at $140.07 on Friday. The company has a 50-day moving average price of $131.58 and a 200 day moving average price of $129.60. The company has a market cap of $3.38 billion, a P/E ratio of 22.09 and a beta of 0.62. Chesapeake Utilities has a 52 week low of $118.88 and a 52 week high of $145.54. 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 issued its earnings results on Thursday, November 5th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.04). Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The company had revenue of $195.80 million during the quarter, compared to analyst estimates of $193.31 million. During the same quarter last year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Research analysts predict that Chesapeake Utilities will post 6.40 earnings per share for the current year.

Chesapeake Utilities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Investors of record on Tuesday, December 15th will be given a $0.7350 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 15th. Chesapeake Utilities’s payout ratio is presently 46.89%.

Institutional Trading of Chesapeake Utilities

A number of large investors have recently added to or reduced their stakes in CPK. BlackRock Inc. acquired a new stake in Chesapeake Utilities in the second quarter valued at approximately $459,185,000. Wellington Management Group LLP grew its holdings in Chesapeake Utilities by 4.4% during the second quarter. Wellington Management Group LLP now owns 939,774 shares of the utilities provider’s stock worth $115,104,000 after acquiring an additional 39,754 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Chesapeake Utilities in the second quarter worth about $25,935,000. Energy Income Partners LLC acquired a new stake in Chesapeake Utilities in the second quarter worth about $25,080,000. Finally, Jupiter Topco LLC acquired a new position in Chesapeake Utilities during the second quarter worth $19,744,000. Institutional investors own 83.11% of the company’s stock.

More Chesapeake Utilities News

Here are the key news stories impacting Chesapeake Utilities this week:

• Positive Sentiment: Chesapeake Utilities raised its FY 2026 EPS guidance to $7.75–$8.00, well above the $6.50 consensus estimate. The higher outlook may support investor expectations for earnings growth.
• Positive Sentiment: The company reported 8.4% year-to-date growth in adjusted EPS and 9.2% growth in adjusted gross margin, citing regulatory and infrastructure programs, transmission expansion, organic growth, and higher customer consumption. It also announced a joint venture with NextEra Energy Resources to finance and own 49% of the $1.2 billion Florida Energy Pathway project. Third-quarter results
• Neutral Sentiment: The board declared a quarterly dividend of $0.735 per share, unchanged, equivalent to $2.94 annually and a stated yield of about 2.1%. Quarterly dividend announcement
• Negative Sentiment: Third-quarter EPS was $0.89, below the $0.93 consensus estimate. Revenue was a brighter spot, reaching $195.8 million versus the $193.31 million estimate and rising 9% year over year. Quarterly earnings report

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.