Media coverage about Chesapeake Utilities (NYSE:CPK) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chesapeake Utilities earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.9215714221887 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of NYSE CPK traded up $0.25 during trading hours on Friday, reaching $73.30. The stock had a trading volume of 97,705 shares, compared to its average volume of 98,552. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.38 and a current ratio of 0.43. The firm has a market capitalization of $1,198.02, a price-to-earnings ratio of 25.36, a PEG ratio of 3.55 and a beta of 0.22. Chesapeake Utilities has a 52-week low of $66.35 and a 52-week high of $86.35.
Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $180.40 million during the quarter, compared to analyst estimates of $147.85 million. Chesapeake Utilities had a return on equity of 10.10% and a net margin of 9.41%. analysts forecast that Chesapeake Utilities will post 3.44 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Thursday, March 15th were issued a $0.325 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.77%. Chesapeake Utilities’s payout ratio is 44.98%.
Several brokerages have issued reports on CPK. Zacks Investment Research upgraded Chesapeake Utilities from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Monday, March 26th. Seaport Global Securities restated a “neutral” rating on shares of Chesapeake Utilities in a research report on Monday, March 5th. Finally, Sidoti upgraded Chesapeake Utilities from a “neutral” rating to a “buy” rating in a report on Monday, March 19th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $79.67.
In related news, insider Stephen C. Thompson sold 2,263 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $72.17, for a total value of $163,320.71. Following the completion of the transaction, the insider now owns 73,605 shares of the company’s stock, valued at $5,312,072.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John R. Schimkaitis sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $71.00, for a total transaction of $177,500.00. The disclosure for this sale can be found here. 4.16% of the stock is currently owned by insiders.
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Chesapeake Utilities Company Profile
Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.
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