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 Q3 regulatory filings by fund managers ($100M+ AUM)
680% more call options, than puts
Call options by funds: $671K | Put options by funds: $86K
23% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 31
20% more capital invested
Capital invested by funds: $2.01B [Q2] → $2.4B (+$394M) [Q3]
3% more funds holding
Funds holding: 278 [Q2] → 285 (+7) [Q3]
1.29% more ownership
Funds ownership: 84.78% [Q2] → 86.06% (+1.29%) [Q3]
3% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 92
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Barclays Nicholas Campanella 72% 1-year accuracy 49 / 68 met price target | 2%downside $124 | Equal-Weight Maintained | 8 Oct 2024 |
Barclays Nicholas Campanella 72% 1-year accuracy 49 / 68 met price target | 2%downside $124 | Equal-Weight Maintained | 7 Oct 2024 |
Financial journalist opinion
Based on 6 articles about CPK published over the past 30 days
