Chesapeake Utilities (NYSE:CPK) Updates FY 2025 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 6.150-6.350 for the period, compared to the consensus earnings per share estimate of 6.190. The company issued revenue guidance of -.

Chesapeake Utilities Price Performance

Shares of CPK traded up $2.32 during midday trading on Friday, reaching $135.46. The stock had a trading volume of 128,185 shares, compared to its average volume of 119,766. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 24.15 and a beta of 0.79. The company’s 50-day moving average is $130.64 and its 200 day moving average is $125.99. Chesapeake Utilities has a 12-month low of $115.12 and a 12-month high of $140.59.

Chesapeake Utilities (NYSE:CPK) last released its earnings results on Thursday, November 6th. The utilities provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). Chesapeake Utilities had a return on equity of 9.20% and a net margin of 14.89%.The firm had revenue of $179.60 million during the quarter, compared to the consensus estimate of $167.30 million. During the same quarter in the previous year, the firm earned $0.80 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.350 EPS. On average, equities analysts predict that Chesapeake Utilities will post 5.39 EPS for the current fiscal year.

Chesapeake Utilities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 15th will be given a dividend of $0.685 per share. This represents a $2.74 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, December 15th. Chesapeake Utilities’s dividend payout ratio is presently 48.84%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CPK. Weiss Ratings reiterated a “hold (c+)” rating on shares of Chesapeake Utilities in a report on Wednesday, October 8th. BTIG Research began coverage on Chesapeake Utilities in a research report on Tuesday, October 21st. They set a “neutral” rating on the stock. Finally, Barclays set a $141.00 price target on Chesapeake Utilities and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $135.00.

Insider Activity

In related news, CFO Beth W. Cooper sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $132.15, for a total transaction of $660,750.00. Following the transaction, the chief financial officer owned 90,713 shares in the company, valued at $11,987,722.95. The trade was a 5.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Chesapeake Utilities

A number of large investors have recently made changes to their positions in CPK. Royal Bank of Canada raised its holdings in shares of Chesapeake Utilities by 8.0% during the first quarter. Royal Bank of Canada now owns 28,886 shares of the utilities provider’s stock valued at $3,710,000 after acquiring an additional 2,139 shares in the last quarter. AQR Capital Management LLC increased its position in Chesapeake Utilities by 69.6% during the 1st quarter. AQR Capital Management LLC now owns 6,283 shares of the utilities provider’s stock valued at $807,000 after purchasing an additional 2,579 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Chesapeake Utilities by 6.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,452 shares of the utilities provider’s stock valued at $1,728,000 after purchasing an additional 870 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Chesapeake Utilities by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,096 shares of the utilities provider’s stock worth $10,158,000 after purchasing an additional 2,312 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Chesapeake Utilities by 1,714.7% in the 1st quarter. Jane Street Group LLC now owns 47,328 shares of the utilities provider’s stock worth $6,078,000 after purchasing an additional 44,720 shares during the period. 83.11% of the stock is currently owned by institutional investors.

About Chesapeake Utilities

Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida.