Chesapeake Utilities Co. (NYSE:CPK) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $104.25.
CPK has been the topic of several research analyst reports. Wells Fargo & Co reissued a “hold” rating on shares of Chesapeake Utilities in a research note on Monday, December 9th. ValuEngine cut Chesapeake Utilities from a “buy” rating to a “hold” rating in a research note on Saturday, December 21st. Guggenheim initiated coverage on Chesapeake Utilities in a research note on Tuesday, January 7th. They issued a “neutral” rating and a $92.00 price objective on the stock. Zacks Investment Research cut Chesapeake Utilities from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Finally, Janney Montgomery Scott raised Chesapeake Utilities from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $95.00 to $107.00 in a research note on Friday, December 20th.
Shares of CPK traded up $0.23 during mid-day trading on Tuesday, reaching $93.08. 57,500 shares of the company’s stock traded hands, compared to its average volume of 64,611. The stock has a market cap of $1.52 billion, a P/E ratio of 28.12, a P/E/G ratio of 3.34 and a beta of 0.18. The stock’s 50-day moving average is $93.88 and its two-hundred day moving average is $93.31. Chesapeake Utilities has a 12 month low of $81.67 and a 12 month high of $98.55. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.26 and a quick ratio of 0.23.
Chesapeake Utilities (NYSE:CPK) last released its earnings results on Thursday, November 7th. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The business had revenue of $92.63 million for the quarter, compared to the consensus estimate of $170.20 million. Chesapeake Utilities had a net margin of 9.26% and a return on equity of 11.24%. Research analysts predict that Chesapeake Utilities will post 3.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 16th were paid a $0.405 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.62 annualized dividend and a yield of 1.74%. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 48.94%.
In related news, insider John R. Schimkaitis sold 5,000 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $98.00, for a total value of $490,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.18% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. FTB Advisors Inc. purchased a new stake in Chesapeake Utilities during the fourth quarter worth $26,000. Krane Funds Advisors LLC purchased a new stake in Chesapeake Utilities during the second quarter worth $59,000. Tower Research Capital LLC TRC purchased a new stake in Chesapeake Utilities during the third quarter worth $85,000. River & Mercantile Asset Management LLP purchased a new stake in Chesapeake Utilities during the second quarter worth $86,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Chesapeake Utilities by 29.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 955 shares of the utilities provider’s stock worth $91,000 after buying an additional 219 shares during the period. Institutional investors own 66.24% of the company’s stock.
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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