Chesapeake Utilities Corporation $CPK Shares Bought by Inspire Advisors LLC

Inspire Advisors LLC increased its holdings in Chesapeake Utilities Corporation (NYSE:CPK) by 74.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,222 shares of the utilities provider’s stock after buying an additional 2,656 shares during the period. Inspire Advisors LLC’s holdings in Chesapeake Utilities were worth $748,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. JFS Wealth Advisors LLC lifted its holdings in Chesapeake Utilities by 1,909.1% in the second quarter. JFS Wealth Advisors LLC now owns 221 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 210 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Chesapeake Utilities by 292.9% during 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. New Age Alpha Advisors LLC acquired a new stake in shares of Chesapeake Utilities during the 1st quarter worth approximately $85,000. Belpointe Asset Management LLC bought a new stake in shares of Chesapeake Utilities in the 1st quarter worth approximately $206,000. Finally, PAX Financial Group LLC acquired a new position in Chesapeake Utilities during the 2nd quarter valued at approximately $211,000. Institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Trading Up 1.2%

Shares of CPK stock opened at $136.16 on Wednesday. The firm has a market capitalization of $3.22 billion, a PE ratio of 24.27 and a beta of 0.79. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.36 and a current ratio of 0.42. Chesapeake Utilities Corporation has a 1 year low of $115.12 and a 1 year high of $140.59. The stock has a fifty day moving average of $132.16 and a two-hundred day moving average of $126.00.

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

Chesapeake Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, December 15th will be issued a $0.685 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.74 annualized dividend and a dividend yield of 2.0%. Chesapeake Utilities’s dividend payout ratio (DPR) is 48.50%.

Analysts Set New Price Targets

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

Insider Activity at Chesapeake Utilities

In related news, CFO Beth W. Cooper sold 5,000 shares of the firm’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 transaction of $660,750.00. Following the transaction, the chief financial officer owned 90,713 shares in the company, valued at $11,987,722.95. This trade represents a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.51% of the stock is owned by corporate insiders.

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.