Wellington Management Group LLP Buys 39,754 Shares of Chesapeake Utilities Corporation $CPK

Wellington Management Group LLP lifted its position in Chesapeake Utilities Corporation (NYSE:CPK) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 939,774 shares of the utilities provider’s stock after buying an additional 39,754 shares during the quarter. Wellington Management Group LLP owned approximately 3.90% of Chesapeake Utilities worth $115,104,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CPK. Geneos Wealth Management Inc. increased its stake in Chesapeake Utilities by 292.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 164 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Chesapeake Utilities by 94.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 108 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Chesapeake Utilities during the 2nd quarter valued at about $29,000. CIBC Private Wealth Group LLC grew its holdings in shares of Chesapeake Utilities by 66.1% during the third quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 109 shares in the last quarter. Finally, Entrust Financial LLC purchased a new position in shares of Chesapeake Utilities during the fourth quarter worth about $37,000. Institutional investors own 83.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CPK shares. Wall Street Zen downgraded shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded shares of Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Finally, Wells Fargo & Company boosted their price target on shares of Chesapeake Utilities from $132.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $138.00.

Chesapeake Utilities Trading Down 1.0%

Shares of CPK stock opened at $132.18 on Wednesday. The business has a 50-day moving average price of $131.69 and a two-hundred day moving average price of $129.04. Chesapeake Utilities Corporation has a 12-month low of $118.88 and a 12-month high of $140.83. The company has a quick ratio of 0.28, a current ratio of 0.32 and a debt-to-equity ratio of 0.79. The firm has a market cap of $3.19 billion, a P/E ratio of 21.08 and a beta of 0.68.

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 analysts’ consensus estimates of $1.07 by ($0.02). The firm had revenue of $201.90 million for the quarter, compared to analysts’ expectations of $198.91 million. Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. Equities analysts anticipate that Chesapeake Utilities Corporation will post 6.42 EPS for the current fiscal year.

Chesapeake Utilities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $2.94 annualized dividend and a dividend yield of 2.2%. Chesapeake Utilities’s dividend payout ratio (DPR) is 46.89%.

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.