Chesapeake Utilities (NYSE:CPK) had its price target lifted by stock analysts at Wells Fargo & Co from $86.00 to $88.00 in a research note issued to investors on Monday. The firm presently has a “hold” rating on the utilities provider’s stock. Wells Fargo & Co’s price objective indicates a potential upside of 4.64% from the company’s current price.

Other equities analysts have also issued reports about the stock. ValuEngine upgraded shares of Chesapeake Utilities from a “hold” rating to a “buy” rating in a report on Wednesday, July 4th. Zacks Investment Research upgraded shares of Chesapeake Utilities from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Monday, August 13th. Finally, Janney Montgomery Scott lowered shares of Chesapeake Utilities from a “buy” rating to a “neutral” rating and set a $86.00 target price on the stock. in a report on Monday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Chesapeake Utilities has an average rating of “Hold” and an average target price of $87.50.

Shares of NYSE CPK opened at $84.10 on Monday. Chesapeake Utilities has a fifty-two week low of $66.35 and a fifty-two week high of $90.90. The company has a market capitalization of $1.46 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 4.30 and a beta of -0.01. The company has a current ratio of 0.30, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings data on Thursday, August 9th. The utilities provider reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.03). Chesapeake Utilities had a net margin of 9.68% and a return on equity of 10.75%. The business had revenue of $136.66 million during the quarter, compared to analyst estimates of $140.85 million. research analysts predict that Chesapeake Utilities will post 3.45 EPS for the current fiscal year.

In other Chesapeake Utilities news, insider John R. Schimkaitis sold 2,500 shares of the stock in a transaction on Thursday, July 5th. The shares were sold at an average price of $85.00, for a total value of $212,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of CPK. AdvisorNet Financial Inc increased its position in shares of Chesapeake Utilities by 2,424.6% during the second quarter. AdvisorNet Financial Inc now owns 1,439 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 1,382 shares in the last quarter. Archford Capital Strategies LLC bought a new stake in shares of Chesapeake Utilities during the first quarter worth $156,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Chesapeake Utilities during the first quarter worth $196,000. United Services Automobile Association bought a new stake in shares of Chesapeake Utilities during the second quarter worth $209,000. Finally, LPL Financial LLC bought a new stake in shares of Chesapeake Utilities during the first quarter worth $217,000. Institutional investors own 63.67% of the company’s stock.

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

Receive News & Ratings for Chesapeake Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Utilities and related companies with MarketBeat.com's FREE daily email newsletter.