Energy Income Partners LLC Invests $25.08 Million in Chesapeake Utilities Corporation $CPK

Energy Income Partners LLC purchased a new position in Chesapeake Utilities Corporation (NYSE:CPK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 204,771 shares of the utilities provider’s stock, valued at approximately $25,080,000. Energy Income Partners LLC owned about 0.85% of Chesapeake Utilities as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its stake in shares of Chesapeake Utilities by 94.7% in the second quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 108 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Chesapeake Utilities by 292.9% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 164 shares in the last quarter. Entrust Financial LLC purchased a new position in shares of Chesapeake Utilities in the 4th quarter worth about $37,000. Versant Capital Management Inc raised its position in shares of Chesapeake Utilities by 38.8% in the 2nd quarter. Versant Capital Management Inc now owns 304 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 85 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in Chesapeake Utilities by 66.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 109 shares in the last quarter. Institutional investors own 83.11% of the company’s stock.

Wall Street Analysts Forecast Growth

CPK has been the topic of several recent analyst reports. Weiss Ratings raised shares of Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Wall Street Zen cut shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Wells Fargo & Company upped their target price on shares of Chesapeake Utilities from $132.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Chesapeake Utilities currently has a consensus rating of “Hold” and a consensus target price of $138.00.

Chesapeake Utilities Stock Up 1.6%

CPK stock opened at $136.76 on Wednesday. The stock has a market capitalization of $3.30 billion, a P/E ratio of 21.81 and a beta of 0.68. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.32 and a quick ratio of 0.28. Chesapeake Utilities Corporation has a 1-year low of $118.88 and a 1-year high of $140.83. The business has a fifty day moving average price of $129.11 and a 200-day moving average price of $128.68.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02). The business had revenue of $201.90 million for the quarter, compared to analysts’ expectations of $198.91 million. Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.04 earnings per share. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. Equities analysts forecast that Chesapeake Utilities Corporation will post 6.42 earnings per share for the current fiscal year.

Chesapeake Utilities Dividend Announcement

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

Insider Buying and Selling at Chesapeake Utilities

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

Chesapeake Utilities Profile

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.