Chesapeake Utilities (NYSE:CPK) Coverage Initiated by Analysts at Huntington

Research analysts at Huntington started coverage on shares of Chesapeake Utilities (NYSE:CPK) in a research report issued on Monday, Marketbeat reports. The brokerage set an “outperform” rating and a $150.00 price target on the utilities provider’s stock. Huntington’s price target indicates a potential upside of 16.29% from the company’s previous close.

A number of other analysts have also recently commented on CPK. Mizuho set a $150.00 target price on shares of Chesapeake Utilities and gave the company an “outperform” rating in a report on Friday. Weiss Ratings upgraded shares of Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Wall Street Zen lowered shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Wells Fargo & Company lifted their price target on shares of Chesapeake Utilities from $132.00 to $134.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.00.

Chesapeake Utilities Stock Down 0.6%

Shares of CPK traded down $0.84 on Monday, reaching $128.98. The stock had a trading volume of 6,708 shares, compared to its average volume of 157,498. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 20.63 and a beta of 0.67. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.28 and a current ratio of 0.32. The company has a 50-day simple moving average of $132.92 and a 200-day simple moving average of $128.88. Chesapeake Utilities has a 12-month low of $118.88 and a 12-month high of $140.83.

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

Hedge Funds Weigh In On Chesapeake Utilities

Several institutional investors and hedge funds have recently modified their holdings of CPK. Geneos Wealth Management Inc. boosted 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 purchasing an additional 164 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Chesapeake Utilities by 94.7% in the second quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider’s stock worth $27,000 after buying an additional 108 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Chesapeake Utilities in the second quarter worth about $29,000. CIBC Private Wealth Group LLC lifted its stake in shares of Chesapeake Utilities by 66.1% in 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. Finally, Entrust Financial LLC bought a new position in shares of Chesapeake Utilities in the fourth quarter worth approximately $37,000. 83.11% of the stock is currently owned by institutional investors.

About Chesapeake Utilities

Chesapeake Utilities Corporation is a diversified energy delivery company headquartered in Dover, Delaware. Founded in 1859, the company operates regulated and unregulated businesses that provide natural gas, propane, electric power and related energy services to residential, commercial, industrial and institutional customers.

Its operations include natural gas distribution and transmission, propane distribution, wholesale and retail energy marketing, compressed natural gas and liquefied natural gas services, and energy logistics.