Susquehanna International Group LLP Sells 6,350 Shares of Chesapeake Utilities Corporation $CPK

Susquehanna International Group LLP reduced its stake in shares of Chesapeake Utilities Corporation (NYSE:CPK) by 73.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,309 shares of the utilities provider’s stock after selling 6,350 shares during the quarter. Susquehanna International Group LLP’s holdings in Chesapeake Utilities were worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in Chesapeake Utilities by 292.9% in 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 increased its holdings 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 worth $27,000 after purchasing an additional 108 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Chesapeake Utilities during the 2nd quarter worth about $29,000. CIBC Private Wealth Group LLC raised 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 valued at $37,000 after buying an additional 109 shares during the last quarter. Finally, Entrust Financial LLC acquired a new position in shares of Chesapeake Utilities during the fourth quarter valued at about $37,000. 83.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CPK. Wells Fargo & Company increased their target price on shares of Chesapeake Utilities from $132.00 to $134.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Weiss Ratings upgraded Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Finally, Wall Street Zen cut Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $138.00.

Chesapeake Utilities Stock Down 1.0%

CPK opened at $132.18 on Wednesday. Chesapeake Utilities Corporation has a fifty-two week low of $118.88 and a fifty-two week high of $140.83. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.32 and a quick ratio of 0.28. The firm’s fifty day moving average price is $131.69 and its two-hundred day moving average price is $129.04. The company has a market capitalization of $3.19 billion, a P/E ratio of 21.08 and a beta of 0.68.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The business had revenue of $201.90 million during the quarter, compared to the consensus estimate of $198.91 million. During the same period last year, the firm earned $1.04 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. On average, analysts anticipate that Chesapeake Utilities Corporation will post 6.42 EPS for the current year.

Chesapeake Utilities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Monday, September 14th will be paid a $0.735 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $2.94 dividend on an annualized basis and a yield of 2.2%. Chesapeake Utilities’s payout ratio is presently 46.89%.

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.