NYSE:CPK Chesapeake Utilities (CPK) Stock Forecast, Price & News $125.23 +1.88 (+1.52%) (As of 05/18/2023 ET) Add Compare Share Share Today's Range$122.28▼$125.4150-Day Range$121.33▼$131.4852-Week Range$105.79▼$138.49Volume304,553 shsAverage Volume80,347 shsMarket Capitalization$2.23 billionP/E Ratio25.00Dividend Yield1.71%Price Target$121.33 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Chesapeake Utilities MarketRank™ ForecastAnalyst RatingHold1.67 Rating ScoreUpside/Downside3.1% Downside$121.33 Price TargetShort InterestHealthy1.03% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-9.10Upright™ Environmental ScoreNews Sentiment0.65Based on 3 Articles This WeekInsider TradingSelling Shares$652,950 Sold Last QuarterProj. Earnings Growth8.27%From $5.32 to $5.76 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.29 out of 5 starsUtilities Sector46th out of 88 stocksGas Transmission & Distribution Industry4th out of 6 stocks 0.8 Analyst's Opinion Consensus RatingChesapeake Utilities has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $121.33, Chesapeake Utilities has a forecasted downside of 3.1% from its current price of $125.23.Amount of Analyst CoverageChesapeake Utilities has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.03% of the float of Chesapeake Utilities has been sold short.Short Interest Ratio / Days to CoverChesapeake Utilities has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Chesapeake Utilities has recently decreased by 10.36%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend YieldChesapeake Utilities pays a meaningful dividend of 1.73%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthChesapeake Utilities has been increasing its dividend for 20 years.Dividend CoverageThe dividend payout ratio of Chesapeake Utilities is 42.71%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Chesapeake Utilities will have a dividend payout ratio of 37.15% next year. This indicates that Chesapeake Utilities will be able to sustain or increase its dividend. Previous Next 1.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreChesapeake Utilities has received a -43.58% net impact score from Upright. The largest negative impact of Chesapeake Utilities in category "GHG emissions" seems to be driven mostly by its "Natural gas pipes", "Natural gas pipe maintenance", and "Natural gas transfer pump maintenance" products. See details.Environmental SustainabilityThe Environmental Impact score for Chesapeake Utilities is -9.10. Previous Next 2.6 News and Social Media Coverage News SentimentChesapeake Utilities has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Chesapeake Utilities this week, compared to 1 article on an average week.Search InterestOnly 3 people have searched for CPK on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Chesapeake Utilities to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Chesapeake Utilities insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $652,950.00 in company stock.Percentage Held by InsidersOnly 2.68% of the stock of Chesapeake Utilities is held by insiders.Percentage Held by Institutions74.23% of the stock of Chesapeake Utilities is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Chesapeake Utilities are expected to grow by 8.27% in the coming year, from $5.32 to $5.76 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chesapeake Utilities is 25.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.97.Price to Earnings Ratio vs. SectorThe P/E ratio of Chesapeake Utilities is 25.00, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 98.03.Price to Book Value per Share RatioChesapeake Utilities has a P/B Ratio of 2.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Chesapeake Utilities (NYSE:CPK) StockChesapeake Utilities Corp. engages in the distribution and transmission of natural gas, propane and electricity, and the generation of electricity and steam. It operates through the following segments: Regulated Energy and Unregulated Energy. The Regulated Energy segment distributes and transmits gas, natural gas, and electricity. The Unregulated Energy segment markets and sells propane, crude oil, and natural gas. The company was founded in 1947 and is headquartered in Dover, DE.Read More Receive CPK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Chesapeake Utilities and its competitors with MarketBeat's FREE daily newsletter. Email Address CPK Stock News HeadlinesMay 13, 2023 | msn.comChesapeake Utilities's Return on Invested Capital InsightsMay 10, 2023 | markets.businessinsider.comRBC Capital Sticks to Its Hold Rating for Chesapeake Utilities (CPK)May 18, 2023 | Behind the Markets (Ad)[BREAKING] Small Firm Develops World's First Anti-Aircraft LaserSmall cap wins $1.65 billion contract to make them. GlobeNewswire says this is a $51.1 Billion market by 2026. See why this stock could soar 2,476% >>>May 7, 2023 | finance.yahoo.comChesapeake Utilities (NYSE:CPK) Is Increasing Its Dividend To $0.59May 5, 2023 | msn.comChesapeake Utilities (CPK) Declares $0.59 DividendMay 4, 2023 | finance.yahoo.comChesapeake Utilities Corporation Board of Directors Appoints Jeffry M. Householder as Chair of the Board and Thomas J. Bresnan as Independent Lead DirectorMay 3, 2023 | finance.yahoo.comChesapeake Utilities (CPK) Q1 Earnings Beat EstimatesMay 2, 2023 | 247wallst.com4 Analyst Favorite Blue Chip Stocks With Expected Dividend Hikes This WeekMay 18, 2023 | Behind the Markets (Ad)[BREAKING] Small Firm Develops World's First Anti-Aircraft LaserSmall cap wins $1.65 billion contract to make them. GlobeNewswire says this is a $51.1 Billion market by 2026. See why this stock could soar 2,476% >>>May 2, 2023 | americanbankingnews.comChesapeake Utilities (CPK) Scheduled to Post Earnings on WednesdayApril 26, 2023 | markets.businessinsider.comRBC Capital Keeps Their Hold Rating on Chesapeake Utilities (CPK)April 8, 2023 | finance.yahoo.comIs Chesapeake Utilities Corporation's (NYSE:CPK) Stock's Recent Performance A Reflection Of Its Financial Health?April 6, 2023 | americanbankingnews.comChesapeake Utilities Co. (NYSE:CPK) Insider John R. Schimkaitis Sells 2,500 SharesMarch 12, 2023 | nasdaq.comEx-Dividend Reminder: Chesapeake Utilities, NorthWestern and Thermo Fisher ScientificMarch 12, 2023 | benzinga.comChesapeake Utilities Stock (NYSE:CPK), Short Interest ReportMarch 9, 2023 | finance.yahoo.comJust Four Days Till Chesapeake Utilities Corporation (NYSE:CPK) Will Be Trading Ex-DividendFebruary 28, 2023 | finance.yahoo.comChesapeake Utilities Corporation (NYSE:CPK) Q4 2022 Earnings Call TranscriptFebruary 23, 2023 | morningstar.comChesapeake Utilities Corporation to Develop its First RNG Facility in Florida | MorningstarFebruary 22, 2023 | finance.yahoo.comCHESAPEAKE UTILITIES CORPORATION REPORTS RECORD EARNINGS FOR FISCAL YEAR 2022February 21, 2023 | benzinga.comEarnings Outlook For Chesapeake UtilitiesFebruary 8, 2023 | prnewswire.comChesapeake Utilities to Host its Fourth Quarter and Full Year 2022 Earnings Conference Call and Webcast on Feb. 23, 2023February 7, 2023 | finance.yahoo.comAtmos Energy (ATO) Lags Q1 Earnings EstimatesFebruary 5, 2023 | finance.yahoo.comChesapeake Utilities' (NYSE:CPK) Returns Have Hit A WallJanuary 23, 2023 | finance.yahoo.comChesapeake Utilities Corporation Receives FERC Approval to Construct Additional Compression Facilities in Sussex County, DelawareDecember 29, 2022 | finance.yahoo.comWith 75% ownership of the shares, Chesapeake Utilities Corporation (NYSE:CPK) is heavily dominated by institutional ownersDecember 16, 2022 | prnewswire.comChesapeake Utilities Corporation Expands Propane Services in Florida with Acquisition of Hernando GasDecember 5, 2022 | marketwatch.comSiebert Williams Shank cuts Chesapeake Utilities price target to $145 from $147 See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CPK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Chesapeake Utilities and its competitors with MarketBeat's FREE daily newsletter. Email Address CPK Company Calendar Last Earnings2/22/2023Ex-Dividend for 4/5 Dividend3/14/2023Dividend Payable4/05/2023Today5/18/2023Ex-Dividend for 7/5 Dividend6/14/2023Dividend Payable7/05/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Gas transmission & distribution Sub-IndustryGas Utilities SectorUtilities Current SymbolNYSE:CPK CUSIP16530310 CIK19745 Webwww.chpk.com Phone(302) 734-6799Fax302-734-6750Employees1,034Year FoundedN/APrice Target and Rating Average Stock Price Forecast$121.33 High Stock Price Forecast$133.00 Low Stock Price Forecast$115.00 Forecasted Upside/Downside-2.3%Consensus RatingHold Rating Score (0-4)1.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$5.01 Trailing P/E Ratio24.80 Forward P/E Ratio23.35 P/E GrowthN/ANet Income$89.80 million Net Margins13.20% Pretax Margin17.92% Return on Equity10.57% Return on Assets4.04% Debt Debt-to-Equity Ratio0.76 Current Ratio0.65 Quick Ratio0.54 Sales & Book Value Annual Sales$680.70 million Price / Sales3.25 Cash Flow$9.62 per share Price / Cash Flow12.92 Book Value$48.26 per share Price / Book2.57Miscellaneous Outstanding Shares17,790,000Free Float17,313,000Market Cap$2.21 billion OptionableOptionable Beta0.60 Key ExecutivesJeffry M. HouseholderPresident, Chief Executive Officer & DirectorJeffery S. SylvesterChief Operating Officer & Senior Vice PresidentBeth W. CooperCFO, Treasurer & Executive Vice PresidentVikrant A. GadgilChief Information Officer & Vice PresidentJames F. MoriartySecretary, EVP, Chief Policy & Risk OfficerKey CompetitorsSouthwest GasNYSE:SWXTelecom ArgentinaNYSE:TEOMYR GroupNASDAQ:MYRGPrimo WaterNYSE:PRMWSJW GroupNYSE:SJWView All CompetitorsInsiders & InstitutionsThrivent Financial for LutheransSold 616 shares on 5/17/2023Ownership: 0.099%First Manhattan CO. LLC.Sold 900 shares on 5/16/2023Ownership: 0.243%Alberta Investment Management CorpBought 1,038 shares on 5/16/2023Ownership: 0.045%Snowden Capital Advisors LLCSold 156 shares on 5/16/2023Ownership: 0.022%Belpointe Asset Management LLCBought 189 shares on 5/16/2023Ownership: 0.009%View All Insider TransactionsView All Institutional Transactions CPK Stock - Frequently Asked Questions Should I buy or sell Chesapeake Utilities stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chesapeake Utilities in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CPK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CPK, but not buy additional shares or sell existing shares. View CPK analyst ratings or view top-rated stocks. What is Chesapeake Utilities' stock price forecast for 2023? 3 brokerages have issued 1 year price objectives for Chesapeake Utilities' stock. Their CPK share price forecasts range from $115.00 to $133.00. On average, they expect the company's share price to reach $121.33 in the next twelve months. This suggests that the stock has a possible downside of 2.3%. View analysts price targets for CPK or view top-rated stocks among Wall Street analysts. How have CPK shares performed in 2023? Chesapeake Utilities' stock was trading at $118.18 at the start of the year. Since then, CPK stock has increased by 5.1% and is now trading at $124.24. View the best growth stocks for 2023 here. Are investors shorting Chesapeake Utilities? Chesapeake Utilities saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 178,200 shares, a decrease of 10.4% from the April 15th total of 198,800 shares. Based on an average daily trading volume, of 81,100 shares, the short-interest ratio is presently 2.2 days. Approximately 1.0% of the company's stock are sold short. View Chesapeake Utilities' Short Interest. When is Chesapeake Utilities' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our CPK earnings forecast. How were Chesapeake Utilities' earnings last quarter? Chesapeake Utilities Co. (NYSE:CPK) released its quarterly earnings results on Wednesday, February, 22nd. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. The utilities provider had revenue of $187.30 million for the quarter, compared to analyst estimates of $170 million. Chesapeake Utilities had a trailing twelve-month return on equity of 10.57% and a net margin of 13.20%. How often does Chesapeake Utilities pay dividends? What is the dividend yield for Chesapeake Utilities? Chesapeake Utilities declared a quarterly dividend on Wednesday, May 3rd. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.59 per share on Wednesday, July 5th. This represents a $2.36 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Wednesday, June 14th. This is an increase from the stock's previous quarterly dividend of $0.54. Read our dividend analysis for CPK. What ETFs hold Chesapeake Utilities' stock? ETFs with the largest weight of Chesapeake Utilities (NYSE:CPK) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), Invesco DWA Utilities Momentum ETF (PUI), Vanguard U.S. Minimum Volatility ETF (VFMV), ETC 6 Meridian Small Cap Equity ETF (SIXS), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Low Volatility ETF (XSLV) and Tortoise North American Pipeline Fund (TPYP). Is Chesapeake Utilities a good dividend stock? Chesapeake Utilities (NYSE:CPK) pays an annual dividend of $2.14 per share and currently has a dividend yield of 1.73%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPK will have a dividend payout ratio of 37.15% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CPK. When did Chesapeake Utilities' stock split? Shares of Chesapeake Utilities split before market open on Tuesday, September 9th 2014. The 3-2 split was announced on Wednesday, July 2nd 2014. The newly minted shares were distributed to shareholders after the market closes on Monday, September 8th 2014. An investor that had 100 shares of stock prior to the split would have 150 shares after the split. What guidance has Chesapeake Utilities issued on next quarter's earnings? Chesapeake Utilities updated its FY 2025 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $6.15-$6.35 for the period. The company issued revenue guidance of -. What other stocks do shareholders of Chesapeake Utilities own? Based on aggregate information from My MarketBeat watchlists, some companies that other Chesapeake Utilities investors own include AbbVie (ABBV), Consolidated Edison (ED), Enterprise Products Partners (EPD), AT&T (T), Verizon Communications (VZ), Dominion Energy (D), JPMorgan Chase & Co. (JPM), Pfizer (PFE), Exxon Mobil (XOM) and Chevron (CVX). What is Chesapeake Utilities' stock symbol? Chesapeake Utilities trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPK." Who are Chesapeake Utilities' major shareholders? Chesapeake Utilities' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (13.84%), State Street Corp (3.71%), First Trust Advisors LP (3.23%), Copeland Capital Management LLC (2.72%), Dimensional Fund Advisors LP (2.49%) and Bank of New York Mellon Corp (2.14%). Insiders that own company stock include Jeffry M Householder, John R Schimkaitis, John R Schimkaitis, Kevin J Webber, Lila A Jaber and Thomas P Hill Jr. View institutional ownership trends. How do I buy shares of Chesapeake Utilities? Shares of CPK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Chesapeake Utilities' stock price today? One share of CPK stock can currently be purchased for approximately $124.24. How much money does Chesapeake Utilities make? Chesapeake Utilities (NYSE:CPK) has a market capitalization of $2.21 billion and generates $680.70 million in revenue each year. The utilities provider earns $89.80 million in net income (profit) each year or $5.01 on an earnings per share basis. How many employees does Chesapeake Utilities have? The company employs 1,034 workers across the globe. How can I contact Chesapeake Utilities? Chesapeake Utilities' mailing address is 909 SILVER LAKE BOULEVARD, DOVER DE, 19904. The official website for the company is www.chpk.com. The utilities provider can be reached via phone at (302) 734-6799, via email at hwatkins@chpk.com, or via fax at 302-734-6750. This page (NYSE:CPK) was last updated on 5/18/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Chesapeake Utilities Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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