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

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Chesapeake Utilities in a report on Friday, March 27th. Wall Street Zen raised Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Barclays set a $142.00 target price on Chesapeake Utilities and gave the company an “equal weight” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Chesapeake Utilities currently has an average rating of “Moderate Buy” and an average target price of $142.00.

Chesapeake Utilities Trading Down 0.0%

CPK stock traded down $0.05 during trading on Wednesday, hitting $125.81. The company had a trading volume of 110,487 shares, compared to its average volume of 137,055. The firm has a 50-day moving average price of $129.15 and a 200-day moving average price of $129.56. Chesapeake Utilities has a 12 month low of $115.24 and a 12 month high of $140.59. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.83. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 21.04 and a beta of 0.71.

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

Chesapeake Utilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Monday, March 16th were given a $0.685 dividend. This represents a $2.74 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, March 16th. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 45.82%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in shares of 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. Geneos Wealth Management Inc. raised its stake in shares of Chesapeake Utilities by 292.9% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider’s stock worth $28,000 after buying an additional 164 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Chesapeake Utilities by 66.1% in 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 period. Johnson Financial Group Inc. acquired a new position in Chesapeake Utilities in the third quarter valued at approximately $62,000. Finally, Federated Hermes Inc. boosted its stake in Chesapeake Utilities by 332.6% in the fourth quarter. Federated Hermes Inc. now owns 623 shares of the utilities provider’s stock valued at $78,000 after acquiring an additional 479 shares during the last quarter. 83.11% of the stock is currently 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.