Analysts forecast that Chesapeake Utilities Co. (NYSE:CPK) will report earnings per share of $1.60 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Chesapeake Utilities’ earnings, with the lowest EPS estimate coming in at $1.55 and the highest estimate coming in at $1.68. Chesapeake Utilities posted earnings of $1.40 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The firm is scheduled to report its next earnings report on Tuesday, May 14th.

According to Zacks, analysts expect that Chesapeake Utilities will report full year earnings of $3.67 per share for the current fiscal year, with EPS estimates ranging from $3.62 to $3.72. For the next financial year, analysts expect that the business will report earnings of $3.91 per share, with EPS estimates ranging from $3.84 to $3.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Chesapeake Utilities.

Several analysts have commented on the stock. Maxim Group set a $100.00 price objective on shares of Chesapeake Utilities and gave the company a “buy” rating in a research note on Tuesday, December 18th. Janney Montgomery Scott cut shares of Chesapeake Utilities from a “buy” rating to a “neutral” rating and set a $92.24 price objective for the company. in a research note on Monday, December 17th. They noted that the move was a valuation call. Wells Fargo & Co lifted their price objective on shares of Chesapeake Utilities from $84.00 to $90.00 and gave the company a “market perform” rating in a research note on Monday, March 4th. Finally, Zacks Investment Research cut shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Monday, January 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $93.31.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its stake in Chesapeake Utilities by 40.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 398 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 115 shares during the period. Essex Investment Management Co. LLC acquired a new position in shares of Chesapeake Utilities in the 4th quarter valued at $74,000. Quantamental Technologies LLC acquired a new position in shares of Chesapeake Utilities in the 4th quarter valued at $75,000. FDx Advisors Inc. acquired a new position in shares of Chesapeake Utilities in the 4th quarter valued at $227,000. Finally, Legal & General Group Plc lifted its stake in shares of Chesapeake Utilities by 18.3% in the 4th quarter. Legal & General Group Plc now owns 2,923 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 453 shares during the period. Institutional investors and hedge funds own 64.64% of the company’s stock.

Shares of NYSE CPK opened at $92.91 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.36 and a debt-to-equity ratio of 0.61. Chesapeake Utilities has a 12 month low of $67.10 and a 12 month high of $94.87. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 4.26 and a beta of 0.26.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, March 14th. Chesapeake Utilities’s payout ratio is 44.71%.

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.

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