Jupiter Topco LLC Purchases Shares of 161,176 Chesapeake Utilities Corporation $CPK

Jupiter Topco LLC acquired a new position in shares of Chesapeake Utilities Corporation (NYSE:CPK) during the second quarter, Holdings Channel reports. The institutional investor acquired 161,176 shares of the utilities provider’s stock, valued at approximately $19,744,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in Chesapeake Utilities by 94.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 108 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of 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 buying an additional 164 shares in the last quarter. CIBC Private Wealth Group LLC grew its position 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 buying an additional 109 shares in the last quarter. Entrust Financial LLC purchased a new stake in shares of Chesapeake Utilities during the fourth quarter worth approximately $37,000. Finally, Versant Capital Management Inc raised its holdings in Chesapeake Utilities by 38.8% in the second quarter. Versant Capital Management Inc now owns 304 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 85 shares in the last quarter. 83.11% of the stock is currently owned by hedge funds and other institutional investors.

Chesapeake Utilities Stock Performance

NYSE CPK opened at $132.51 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.32 and a quick ratio of 0.28. Chesapeake Utilities Corporation has a 1 year low of $118.88 and a 1 year high of $140.83. The company has a market capitalization of $3.19 billion, a PE ratio of 21.13 and a beta of 0.68. The company has a fifty day moving average of $131.18 and a two-hundred day moving average of $129.00.

Chesapeake Utilities (NYSE:CPK) last announced its earnings results on Thursday, August 6th. The utilities provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The business had revenue of $201.90 million during the quarter, compared to analyst estimates of $198.91 million. During the same period in the previous year, the firm earned $1.04 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. As a group, analysts expect that Chesapeake Utilities Corporation will post 6.42 earnings per share for the current year.

Chesapeake Utilities Dividend Announcement

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

Analyst Ratings Changes

CPK has been the subject of a number of recent research reports. Wells Fargo & Company lifted 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. Weiss Ratings upgraded shares of Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Finally, Wall Street Zen cut shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $138.00.

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.