Chesapeake Utilities Corporation $CPK Stake Raised by Inspire Advisors LLC

Inspire Advisors LLC raised its holdings in Chesapeake Utilities Corporation (NYSE:CPK) by 74.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,222 shares of the utilities provider’s stock after acquiring an additional 2,656 shares during the quarter. Inspire Advisors LLC’s holdings in Chesapeake Utilities were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CPK. JFS Wealth Advisors LLC raised its holdings in shares of Chesapeake Utilities by 1,909.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 221 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Chesapeake Utilities by 292.9% in 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 during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Chesapeake Utilities in the first quarter valued at $85,000. Belpointe Asset Management LLC acquired a new stake in shares of Chesapeake Utilities during the 1st quarter valued at $206,000. Finally, PAX Financial Group LLC acquired a new stake in shares of Chesapeake Utilities during the 2nd quarter valued at $211,000. Institutional investors and hedge funds own 83.11% of the company’s stock.

Chesapeake Utilities Stock Up 1.2%

NYSE:CPK opened at $136.16 on Wednesday. The business’s fifty day moving average price is $132.16 and its 200 day moving average price is $126.00. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 24.27 and a beta of 0.79. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.83. Chesapeake Utilities Corporation has a 1-year low of $115.12 and a 1-year high of $140.59.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). The business had revenue of $179.60 million for the quarter, compared to analyst estimates of $167.30 million. Chesapeake Utilities had a return on equity of 9.20% and a net margin of 14.89%.The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 earnings per share. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.350 EPS. On average, sell-side analysts forecast that Chesapeake Utilities Corporation will post 5.39 earnings per share for the current fiscal year.

Chesapeake Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 15th will be given a dividend of $0.685 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.74 dividend on an annualized basis and a yield of 2.0%. Chesapeake Utilities’s payout ratio is presently 48.50%.

Insiders Place Their Bets

In other Chesapeake Utilities news, CFO Beth W. Cooper sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $132.15, for a total value of $660,750.00. Following the transaction, the chief financial officer owned 90,713 shares in the company, valued at approximately $11,987,722.95. This represents a 5.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Barclays set a $141.00 target price on Chesapeake Utilities and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Wall Street Zen cut Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Chesapeake Utilities in a report on Wednesday, October 8th. Finally, BTIG Research assumed coverage on shares of Chesapeake Utilities in a report on Tuesday, October 21st. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Chesapeake Utilities presently has an average rating of “Hold” and an average target price of $135.00.

Chesapeake Utilities Profile

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.