Chesapeake Utilities Co. (NYSE:CPK) has received a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $104.25.

CPK has been the topic of several analyst reports. Sidoti initiated coverage on Chesapeake Utilities in a research report on Thursday, October 24th. They set a “buy” rating and a $108.00 price target on the stock. Janney Montgomery Scott raised Chesapeake Utilities from a “neutral” rating to a “buy” rating and increased their price target for the stock from $95.00 to $107.00 in a research report on Friday, December 20th. Guggenheim initiated coverage on Chesapeake Utilities in a research report on Tuesday, January 7th. They set a “neutral” rating and a $92.00 target price on the stock. ValuEngine cut Chesapeake Utilities from a “buy” rating to a “hold” rating in a research report on Saturday, December 21st. Finally, Zacks Investment Research cut Chesapeake Utilities from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th.

CPK traded up $0.23 during midday trading on Tuesday, hitting $93.08. 57,500 shares of the company were exchanged, compared to its average volume of 64,611. The company’s 50 day simple moving average is $93.88 and its 200 day simple moving average is $93.31. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 3.34 and a beta of 0.18. The company has a current ratio of 0.26, a quick ratio of 0.23 and a debt-to-equity ratio of 0.71. Chesapeake Utilities has a 1-year low of $81.67 and a 1-year high of $98.55.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). The company had revenue of $92.63 million for the quarter, compared to analyst estimates of $170.20 million. Chesapeake Utilities had a return on equity of 11.24% and a net margin of 9.26%. On average, equities analysts anticipate that Chesapeake Utilities will post 3.66 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 16th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Friday, December 13th. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 48.94%.

In other news, insider John R. Schimkaitis sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $98.00, for a total transaction of $490,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.18% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of CPK. FTB Advisors Inc. acquired a new stake in shares of Chesapeake Utilities during the 4th quarter valued at about $26,000. Krane Funds Advisors LLC purchased a new position in Chesapeake Utilities in the 2nd quarter valued at about $59,000. Tower Research Capital LLC TRC purchased a new position in Chesapeake Utilities in the 3rd quarter valued at about $85,000. River & Mercantile Asset Management LLP purchased a new position in Chesapeake Utilities in the 2nd quarter valued at about $86,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Chesapeake Utilities by 29.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 955 shares of the utilities provider’s stock valued at $91,000 after buying an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 66.24% of the company’s stock.

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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Analyst Recommendations for Chesapeake Utilities (NYSE:CPK)

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