Chesapeake Utilities (NYSE:CPK) Releases FY 2028 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) updated its FY 2028 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 7.750-8.00 for the period, compared to the consensus estimate of 6.520. The company issued revenue guidance of -.

Chesapeake Utilities Stock Up 1.0%

Shares of NYSE:CPK opened at $127.04 on Thursday. Chesapeake Utilities has a 1 year low of $115.24 and a 1 year high of $140.59. The company has a market cap of $3.05 billion, a PE ratio of 21.14 and a beta of 0.71. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.45 and a quick ratio of 0.40. The stock’s 50-day moving average is $128.97 and its 200 day moving average is $129.51.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.09. The business had revenue of $353.10 million during the quarter, compared to analysts’ expectations of $339.86 million. Chesapeake Utilities had a return on equity of 9.31% and a net margin of 15.09%.The business’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $2.22 EPS. Chesapeake Utilities has set its FY 2028 guidance at 7.750-8.00 EPS. Sell-side analysts anticipate that Chesapeake Utilities will post 6.51 EPS for the current year.

Chesapeake Utilities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be paid a $0.735 dividend. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Chesapeake Utilities’s previous quarterly dividend of $0.69. This represents a $2.94 dividend on an annualized basis and a yield of 2.3%. Chesapeake Utilities’s payout ratio is 45.82%.

Analyst Ratings Changes

Several analysts recently weighed in on CPK shares. Wall Street Zen upgraded shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Chesapeake Utilities in a research report on Friday, March 27th. Finally, Barclays set a $142.00 target price on shares of Chesapeake Utilities and gave the company an “equal weight” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $142.00.

Institutional Investors Weigh In On Chesapeake Utilities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPK. Kestra Advisory Services LLC purchased a new stake in shares of Chesapeake Utilities in the 4th quarter worth approximately $175,000. Franklin Resources Inc. increased its position in Chesapeake Utilities by 6.1% during the 4th quarter. Franklin Resources Inc. now owns 1,646 shares of the utilities provider’s stock valued at $205,000 after buying an additional 95 shares in the last quarter. Hancock Whitney Corp purchased a new position in Chesapeake Utilities during the third quarter valued at $207,000. Mackenzie Financial Corp bought a new stake in Chesapeake Utilities in the third quarter worth $201,000. Finally, Orion Porfolio Solutions LLC bought a new stake in Chesapeake Utilities in the third quarter worth $201,000. 83.11% of the stock is owned by hedge funds and other institutional investors.

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.