Energy Income Partners LLC Buys Shares of 204,771 Chesapeake Utilities Corporation $CPK

Energy Income Partners LLC bought a new position in Chesapeake Utilities Corporation (NYSE:CPK) during the 2nd quarter, Holdings Channel.com reports. The fund bought 204,771 shares of the utilities provider’s stock, valued at approximately $25,080,000.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Chesapeake Utilities by 94.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 108 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of 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 during the period. Entrust Financial LLC purchased a new position in shares of Chesapeake Utilities in the fourth quarter worth approximately $37,000. Versant Capital Management Inc boosted its holdings in shares of Chesapeake Utilities by 38.8% in the second quarter. Versant Capital Management Inc now owns 304 shares of the utilities provider’s stock worth $37,000 after buying an additional 85 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Chesapeake Utilities by 66.1% during the third quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider’s stock valued at $37,000 after buying an additional 109 shares during the period. 83.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chesapeake Utilities

In other news, CEO Jeffry M. Householder sold 10,000 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $126.12, for a total value of $1,261,200.00. Following the completion of the sale, the chief executive officer directly owned 63,001 shares of the company’s stock, valued at $7,945,686.12. This represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.36% of the stock is currently owned by insiders.

Chesapeake Utilities Stock Up 1.6%

NYSE CPK opened at $136.76 on Wednesday. Chesapeake Utilities Corporation has a 52 week low of $118.88 and a 52 week high of $140.83. The company has a quick ratio of 0.28, a current ratio of 0.32 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $3.30 billion, a P/E ratio of 21.81 and a beta of 0.68. The stock’s 50-day moving average price is $129.11 and its 200-day moving average price is $128.68.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The company 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 was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. On average, equities research analysts predict that Chesapeake Utilities Corporation will post 6.42 earnings per share for the current year.

Chesapeake Utilities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Monday, September 14th will be given a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, September 14th. Chesapeake Utilities’s dividend payout ratio is presently 46.89%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings raised shares of Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Wall Street Zen cut shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Wells Fargo & Company boosted their price objective 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. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Chesapeake Utilities presently has an average rating of “Hold” and a consensus price target of $138.00.

About Chesapeake Utilities

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.