Chesapeake Utilities
About: Chesapeake Utilities Corp is a diversified energy delivery company that is engaged in natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions and other businesses. The company operates in two reportable segments, Regulated Energy and Unregulated Energy. The company's natural gas and electric distribution operations in Delaware, Maryland and Florida are subject to regulation by their respective PSC. Eastern Shore, its natural gas transmission subsidiary, is subject to regulation by the FERC and Peninsula Pipeline and Aspire Energy Express, its intrastate pipeline subsidiaries, are subject to regulation by the Florida PSC and Public Utilities Commission of Ohio, respectively.
Employees: 1,281
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
621% more call options, than puts
Call options by funds: $382K | Put options by funds: $53K
15% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 20
1% more funds holding
Funds holding: 275 [Q1] → 278 (+3) [Q2]
2% less repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 101
3% less capital invested
Capital invested by funds: $2.05B [Q1] → $1.97B (-$71.6M) [Q2]
2.25% less ownership
Funds ownership: 85.75% [Q1] → 83.49% (-2.25%) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Barclays Nicholas Campanella 90% 1-year accuracy 52 / 58 met price target | 2%upside $124 | Equal-Weight Maintained | 8 Oct 2024 |
Barclays Nicholas Campanella 90% 1-year accuracy 52 / 58 met price target | 2%upside $124 | Equal-Weight Maintained | 7 Oct 2024 |
Barclays Nicholas Campanella 90% 1-year accuracy 52 / 58 met price target | 3%downside $118 | Equal-Weight Maintained | 13 Aug 2024 |