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
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
131% more call options, than puts
Call options by funds: $194K | Put options by funds: $84K
20% more repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 95
11% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 28
3% less capital invested
Capital invested by funds: $2.44B [Q3] → $2.37B (-$75.7M) [Q4]
1% less funds holding
Funds holding: 295 [Q3] → 291 (-4) [Q4]
2.08% less ownership
Funds ownership: 87.71% [Q3] → 85.63% (-2.08%) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$129
4%
upside
Avg. target
$129
4%
upside
High target
$129
4%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Guggenheim Shahriar Pourreza 71% 1-year accuracy 10 / 14 met price target | 4%upside $129 | Neutral Maintained | 22 Nov 2024 |
Financial journalist opinion
Neutral
PRNewsWire
1 day ago
Chesapeake Utilities Corporation Earns Warrior Friendly Business Honor
DOVER, Del. , Feb. 20, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) has been recognized as a 2025 Warrior Friendly Business by the Delaware State Chamber of Commerce Joint Military Affairs Committee (JMAC).
Neutral
PRNewsWire
2 weeks ago
Chesapeake Utilities to Host its Fourth Quarter and Full-Year 2024 Earnings Conference Call and Webcast on February 27, 2025
DOVER, Del. , Feb. 3, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, February 27, 2025 at 8:30 a.m.
Neutral
PRNewsWire
1 month ago
Escalent Names Florida City Gas 2024 Customer Champion
Ranked highest among natural gas utilities in the southern region . DOVER, Del.
Positive
Seeking Alpha
1 month ago
Chesapeake Utilities: Gauging Growth In Gas
Chesapeake Utilities is a diversified energy company with stable regulated operations and growth in unregulated areas like propane distribution and renewable natural gas (RNG) production. Recent acquisitions and infrastructure investments, particularly in Florida, are driving growth, but the stock's valuation appears elevated compared to peers. Despite industry tailwinds, I rate Chesapeake a Hold due to limited near-term share price upside and more attractive opportunities in larger peers like Atmos Energy and UGI Corporation.
Neutral
PRNewsWire
3 months ago
Chesapeake Utilities Corporation Announces $100 Million At-The-Market Equity Offering Program
DOVER, Del. , Nov. 22, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced that it has established an at-the-market equity offering program (the "ATM Program") under which it may, from time to time, sell shares of its common stock having an aggregate sales price of up to $100,000,000 (the "Shares").
Neutral
PRNewsWire
3 months ago
Chesapeake Utilities Corporation Named Champion of Board Diversity by The Forum of Executive Women for Second Consecutive Year
DOVER, Del. , Nov. 14, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) has announced its designation as a Champion of Board Diversity for a second consecutive year by The Forum of Executive Women (The Forum).
Neutral
Seeking Alpha
3 months ago
Chesapeake Utilities Corporation (CPK) Q3 2024 Earnings Call Transcript
Chesapeake Utilities Corporation (NYSE:CPK ) Q3 2024 Earnings Call November 8, 2024 8:30 AM ET Company Participants Lucia Dempsey - Head, Investor Relations Jeff Householder - Chair, President and Chief Executive Officer Beth Cooper - Executive Vice President, Chief Financial Officer, Treasurer and Assistant Corporate Secretary Jim Moriarty - Executive Vice President, General Counsel and Corporate Secretary and Chief Policy and Risk Officer Conference Call Participants Tate Sullivan - Maxim Group Paul Fremont - Ladenburg Chris Ellinghaus - Siebert Williams Shank Operator Welcome to Chesapeake Utilities Corporation's Third Quarter 2024 Earnings Conference Call. [Operator Instructions] I'd like to turn the call over to Lucia Dempsey, Head of Investor Relations.
Neutral
PRNewsWire
3 months ago
CHESAPEAKE UTILITIES CORPORATION REPORTS THIRD QUARTER 2024 RESULTS
Net income and earnings per share ("EPS")* were $17.5 million and $0.78, respectively, for the third quarter of 2024, and $81.9 million and $3.66, respectively, for the nine months ended September 30, 2024 Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), were $18.1 million and $0.80, respectively, for the third quarter of 2024 and $84.2 million and $3.76, respectively, for the nine months ended September 30, 2024 Adjusted gross margin** growth of $89.3 million during the first nine months of 2024 driven by contributions from FCG, regulatory initiatives and infrastructure programs, natural gas organic growth, continued pipeline expansion projects, and additional customer consumption Results continue to track in line with Management's expectations, and the Company continues to affirm 2024 EPS and capital guidance DOVER, Del. , Nov. 7, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the three and nine months ended September 30, 2024.
Neutral
PRNewsWire
3 months ago
Chesapeake Utilities Corporation Announces Quarterly Dividend
DOVER, Del. , Nov. 7, 2024 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.64 per share on the Company's common stock.
Neutral
PRNewsWire
3 months ago
Chesapeake Utilities Corporation Completes Commissioning of Full Circle Dairy Renewable Natural Gas Facility in Florida
The innovative RNG production facility showcases Chesapeake Utilities' strategic execution across the entire energy delivery value chain LEE, Fla. , Oct. 30, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) held a ribbon-cutting ceremony on Monday, Oct. 28, to mark the official completion of its renewable natural gas (RNG) facility at Full Circle Dairy (FCD) in Lee, Florida.
Charts implemented using Lightweight Charts™