Chesapeake Utilities (CPK)

• Market cap: $2.71B
• 1 day: 0.98%
• 5 days: -5.98%
• 1 month: -7.33%
• 3 months: -2.18%
• 6 months: 15.36%
• Year to date: 13.03%
• 1 year: 16.80%
• 5 years: 22.63%
• 10 years: 144.70%
• Sector: Utilities
• Industry: Natural Gas Transmission & Distribution

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

38% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 29

20% more capital invested

Capital invested by funds: $2.01B [Q2] → $2.41B (+$398M) [Q3]

4% more funds holding

Funds holding: 280 [Q2] → 291 (+11) [Q3]

1.43% more ownership

Funds ownership: 84.86% [Q2] → 86.29% (+1.43%) [Q3]

4% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 93

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $124 4% upside
• Avg. target: $127 6% upside
• High target: $129 8% upside

2 analyst ratings

• positive: 0 0%
• neutral: 2 100%
• negative: 0 0%

Guggenheim Shahriar Pourreza 74% 1-year accuracy 14 / 19 met price target	8% upside $129	Neutral Maintained	22 Nov 2024
Barclays Nicholas Campanella 63% 1-year accuracy 45 / 71 met price target	4% upside $124	Equal-Weight Maintained	8 Oct 2024