Chesapeake Utilities (NYSE:CPK) Updates FY 2026 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 7.750-8.000 for the period, compared to the consensus EPS estimate of 6.480. The company issued revenue guidance of -.

Chesapeake Utilities Trading Down 0.8%

Chesapeake Utilities stock traded down $1.08 during mid-day trading on Friday, hitting $132.41. The stock had a trading volume of 57,818 shares, compared to its average volume of 158,432. The stock has a 50-day simple moving average of $127.14 and a two-hundred day simple moving average of $128.19. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $3.18 billion, a PE ratio of 21.21 and a beta of 0.68. Chesapeake Utilities has a 12 month low of $118.88 and a 12 month high of $140.83.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02). Chesapeake Utilities had a return on equity of 9.53% and a net margin of 15.11%.The firm had revenue of $201.90 million for the quarter, compared to the consensus estimate of $198.91 million. During the same period in the prior year, the firm posted $1.04 earnings per share. The business’s revenue for the quarter 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. As a group, sell-side analysts forecast that Chesapeake Utilities will post 6.46 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company began coverage on shares of Chesapeake Utilities in a research note on Tuesday, May 12th. They set an “equal weight” rating and a $132.00 price target for the company. Barclays set a $142.00 target price on shares of Chesapeake Utilities and gave the company an “equal weight” rating in a research report on Monday, April 20th. Wall Street Zen downgraded Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings raised Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $137.00.

Insiders Place Their Bets

In other Chesapeake Utilities news, SVP Kevin J. Webber sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $127.37, for a total value of $254,740.00. Following the transaction, the senior vice president directly owned 12,652 shares in the company, valued at $1,611,485.24. The trade was a 13.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffry M. Householder sold 10,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $126.12, for a total transaction of $1,261,200.00. Following the completion of the transaction, the chief executive officer directly owned 63,001 shares in the company, valued at $7,945,686.12. The trade was a 13.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Chesapeake Utilities

A number of institutional investors have recently made changes to their positions in CPK. EverSource Wealth Advisors LLC lifted its holdings in 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 last quarter. Geneos Wealth Management Inc. grew 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 buying an additional 164 shares in the last quarter. CIBC Private Wealth Group LLC increased its position 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 buying an additional 109 shares during the period. Johnson Financial Group Inc. bought a new position in Chesapeake Utilities during the 3rd quarter worth $62,000. Finally, Federated Hermes Inc. lifted its holdings in shares of Chesapeake Utilities by 332.6% during the fourth quarter. Federated Hermes Inc. now owns 623 shares of the utilities provider’s stock worth $78,000 after buying an additional 479 shares in the last quarter. Institutional investors own 83.11% of the company’s stock.

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.