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

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

Chesapeake Utilities Trading Down 0.6%

Shares of NYSE CPK traded down $0.77 during trading on Wednesday, hitting $134.29. 106,647 shares of the company were exchanged, compared to its average volume of 120,666. The company has a fifty day moving average price of $127.66 and a 200-day moving average price of $129.39. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.55 and a current ratio of 0.62. The firm has a market capitalization of $3.18 billion, a PE ratio of 23.77 and a beta of 0.79. Chesapeake Utilities has a 12-month low of $115.24 and a 12-month high of $140.59.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $208.59 million. Chesapeake Utilities has set its FY 2028 guidance at 7.750-8.000 EPS. As a group, equities research analysts expect that Chesapeake Utilities will post 5.39 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Chesapeake Utilities in a report on Monday, December 29th. Barclays reiterated a “reduce” rating and issued a $140.00 price objective (down from $141.00) on shares of Chesapeake Utilities in a research report on Tuesday. Finally, Wall Street Zen downgraded Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $140.00.

Insider Activity at Chesapeake Utilities

In other news, CEO Jeffry M. Householder sold 7,500 shares of Chesapeake Utilities stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $126.74, for a total value of $950,550.00. Following the completion of the sale, the chief executive officer directly owned 56,916 shares of the company’s stock, valued at approximately $7,213,533.84. The trade was a 11.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 17,500 shares of company stock worth $2,218,185 in the last ninety days. Company insiders own 1.51% of the company’s stock.

Institutional Trading of Chesapeake Utilities

A number of large investors have recently made changes to their positions in CPK. Wealthspire Advisors LLC grew its stake in Chesapeake Utilities by 0.3% during the 4th quarter. Wealthspire Advisors LLC now owns 29,488 shares of the utilities provider’s stock worth $3,679,000 after buying an additional 93 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Chesapeake Utilities by 6.1% during the fourth quarter. Franklin Resources Inc. now owns 1,646 shares of the utilities provider’s stock worth $205,000 after acquiring an additional 95 shares during the last quarter. EverSource Wealth Advisors LLC raised 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 purchasing an additional 108 shares during the last quarter. 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 worth $37,000 after purchasing an additional 109 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Chesapeake Utilities by 2.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 4,523 shares of the utilities provider’s stock worth $564,000 after purchasing an additional 121 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.