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

Chesapeake Utilities (NYSE:CPK) issued an update on its FY 2028 earnings guidance on Wednesday morning. The company provided EPS guidance of 7.750-8.00 for the period, compared to the consensus EPS estimate of 6.520. The company issued revenue guidance of -.

Chesapeake Utilities Stock Down 0.0%

CPK stock traded down $0.05 during mid-day trading on Wednesday, hitting $125.81. 110,487 shares of the company were exchanged, compared to its average volume of 137,055. The company has a market capitalization of $3.02 billion, a PE ratio of 21.04 and a beta of 0.71. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 0.83. Chesapeake Utilities has a twelve month low of $115.24 and a twelve month high of $140.59. The firm has a fifty day simple moving average of $129.15 and a 200 day simple moving average of $129.56.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.09. The company had revenue of $353.10 million during the quarter, compared to analyst estimates of $339.86 million. Chesapeake Utilities had a net margin of 15.09% and a return on equity of 9.31%. Chesapeake Utilities has set its FY 2028 guidance at 7.750-8.00 EPS. On average, research analysts forecast that Chesapeake Utilities will post 6.51 earnings per share for the current fiscal year.

Chesapeake Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Monday, March 16th were issued a dividend of $0.685 per share. This represents a $2.74 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, March 16th. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 45.82%.

Analyst Ratings Changes

CPK has been the subject of several recent analyst reports. Wall Street Zen raised shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Barclays set a $142.00 price objective on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a report on Monday, April 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Chesapeake Utilities in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $142.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. boosted its stake in Chesapeake Utilities by 292.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 164 shares during the period. EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 108 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Chesapeake Utilities by 66.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 109 shares during the period. Johnson Financial Group Inc. acquired a new position in Chesapeake Utilities during the 3rd quarter valued at about $62,000. Finally, Federated Hermes Inc. boosted its stake in Chesapeake Utilities by 332.6% during 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 period. 83.11% of the stock is owned by institutional investors and hedge funds.

About Chesapeake Utilities

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.