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

Chesapeake Utilities (NYSE:CPK) issued an update on its FY 2028 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 7.750-8.000 for the period, compared to the consensus earnings per share estimate of 6.630. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wall Street Zen downgraded Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Barclays reaffirmed a “reduce” rating and issued a $140.00 target price (down from $141.00) on shares of Chesapeake Utilities in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Chesapeake Utilities in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $140.00.

Chesapeake Utilities Price Performance

CPK traded down $0.77 during midday trading on Wednesday, reaching $134.29. 106,647 shares of the company’s stock were exchanged, compared to its average volume of 120,666. Chesapeake Utilities has a 1-year low of $115.24 and a 1-year high of $140.59. The stock has a market capitalization of $3.18 billion, a PE ratio of 23.77 and a beta of 0.79. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.62 and a quick ratio of 0.55. The business’s 50-day moving average price is $127.66 and its 200 day moving average price is $129.39.

Chesapeake Utilities (NYSE:CPK) last issued its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.22). Chesapeake Utilities had a return on equity of 9.03% and a net margin of 14.77%.The business had revenue of $258.90 million for the quarter, compared to analysts’ expectations of $208.59 million. Chesapeake Utilities has set its FY 2028 guidance at 7.750-8.000 EPS. As a group, equities analysts anticipate that Chesapeake Utilities will post 5.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jeffry M. Householder sold 7,500 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $126.74, for a total value of $950,550.00. Following the completion of the transaction, the chief executive officer directly owned 56,916 shares of the company’s stock, valued at $7,213,533.84. The trade was a 11.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 17,500 shares of company stock worth $2,218,185 over the last ninety days. Company insiders own 1.51% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV lifted its holdings in Chesapeake Utilities by 0.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 145,942 shares of the utilities provider’s stock valued at $18,208,000 after purchasing an additional 391 shares in the last quarter. Empowered Funds LLC raised its position in shares of Chesapeake Utilities by 22.6% in the fourth quarter. Empowered Funds LLC now owns 4,357 shares of the utilities provider’s stock valued at $544,000 after buying an additional 803 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Chesapeake Utilities during the fourth quarter valued at approximately $1,196,000. Vennlight Capital Management LP purchased a new position in shares of Chesapeake Utilities during the fourth quarter valued at approximately $5,438,000. Finally, Millennium Management LLC acquired a new stake in Chesapeake Utilities during the fourth quarter worth approximately $4,102,000. Institutional investors and hedge funds own 83.11% of the company’s stock.

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.