Shares of Chesapeake Utilities Corporation (NYSE:CPK) have received a consensus rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $69.00.

Several equities analysts recently commented on the stock. BidaskClub raised shares of Chesapeake Utilities Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Zacks Investment Research downgraded shares of Chesapeake Utilities Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd.

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Chesapeake Utilities Corporation (CPK) opened at 79.70 on Tuesday. Chesapeake Utilities Corporation has a 52-week low of $57.63 and a 52-week high of $81.10. The company has a market cap of $1.30 billion, a PE ratio of 30.99 and a beta of 0.27. The company has a 50-day moving average of $78.85 and a 200 day moving average of $73.96.

Chesapeake Utilities Corporation (NYSE:CPK) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.18. The company had revenue of $125.08 million during the quarter, compared to the consensus estimate of $116.50 million. Chesapeake Utilities Corporation had a net margin of 7.40% and a return on equity of 9.18%. Chesapeake Utilities Corporation’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS. Equities research analysts predict that Chesapeake Utilities Corporation will post $2.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, September 14th. Chesapeake Utilities Corporation’s payout ratio is currently 50.78%.

In other news, CEO P. Mcmasters Michael sold 5,500 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $74.56, for a total transaction of $410,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.36% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Chesapeake Utilities Corporation by 2.4% during the second quarter. Vanguard Group Inc. now owns 859,001 shares of the utilities provider’s stock valued at $64,383,000 after acquiring an additional 20,470 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Chesapeake Utilities Corporation by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 524,985 shares of the utilities provider’s stock valued at $39,348,000 after acquiring an additional 2,969 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Chesapeake Utilities Corporation by 10.9% during the first quarter. Bank of New York Mellon Corp now owns 493,710 shares of the utilities provider’s stock valued at $34,165,000 after acquiring an additional 48,578 shares during the last quarter. State Street Corp raised its stake in shares of Chesapeake Utilities Corporation by 2.6% during the second quarter. State Street Corp now owns 320,874 shares of the utilities provider’s stock valued at $24,043,000 after acquiring an additional 8,078 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Chesapeake Utilities Corporation by 21.9% during the second quarter. William Blair Investment Management LLC now owns 288,803 shares of the utilities provider’s stock valued at $21,646,000 after acquiring an additional 51,898 shares during the last quarter. 61.33% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Utilities Corporation Company Profile

Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.

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