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

Chesapeake Utilities (NYSE:CPK) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 6.150-6.350 for the period, compared to the consensus EPS estimate of 6.240. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays reduced their target price on Chesapeake Utilities from $125.00 to $124.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. Wall Street Zen downgraded shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Finally, LADENBURG THALM/SH SH raised shares of Chesapeake Utilities to a “strong-buy” rating in a research report on Friday, May 9th.

Chesapeake Utilities Trading Down 0.7%

Shares of NYSE:CPK opened at $118.63 on Friday. The company has a market cap of $2.77 billion, a P/E ratio of 24.06 and a beta of 0.71. The stock’s 50-day moving average is $127.37 and its 200-day moving average is $125.67. Chesapeake Utilities has a 52-week low of $102.64 and a 52-week high of $136.73. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.32 and a current ratio of 0.38.

Chesapeake Utilities (NYSE:CPK) last released its earnings results on Wednesday, May 7th. The utilities provider reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($0.06). Chesapeake Utilities had a net margin of 14.16% and a return on equity of 9.08%. The company had revenue of $298.70 million during the quarter, compared to the consensus estimate of $248.45 million. During the same quarter in the previous year, the business posted $2.10 EPS. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. Equities research analysts predict that Chesapeake Utilities will post 5.39 earnings per share for the current year.

Chesapeake Utilities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.685 per share. This is a boost from Chesapeake Utilities’s previous quarterly dividend of $0.64. The ex-dividend date is Monday, June 16th. This represents a $2.74 dividend on an annualized basis and a yield of 2.31%. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 50.65%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its stake in Chesapeake Utilities by 292.9% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 164 shares during the period. AQR Capital Management LLC grew its holdings 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 worth $807,000 after acquiring an additional 2,579 shares during the period. Intech Investment Management LLC grew its holdings in Chesapeake Utilities by 24.2% during the 1st quarter. Intech Investment Management LLC now owns 10,866 shares of the utilities provider’s stock worth $1,396,000 after acquiring an additional 2,120 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 worth $1,728,000 after acquiring an additional 870 shares during the period. Finally, Royal Bank of Canada boosted its position 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 worth $3,710,000 after purchasing an additional 2,139 shares in the last quarter. Institutional investors own 83.11% of the company’s stock.

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.