News headlines about Chesapeake Utilities (NYSE:CPK) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chesapeake Utilities earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.4618072043919 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- $206.60 Million in Sales Expected for Chesapeake Utilities (CPK) This Quarter (americanbankingnews.com)
- Brokerages Anticipate Chesapeake Utilities (CPK) Will Post Earnings of $1.34 Per Share (americanbankingnews.com)
- Chesapeake Utilities (CPK) Raised to Buy at BidaskClub (americanbankingnews.com)
- Sempra Energy to Build $130M Liquid Fuel Terminal in Mexico (finance.yahoo.com)
A number of brokerages have recently commented on CPK. Zacks Investment Research downgraded Chesapeake Utilities from a “buy” rating to a “hold” rating in a research note on Monday, March 19th. Sidoti upgraded Chesapeake Utilities from a “neutral” rating to a “buy” rating in a research report on Monday, March 19th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Chesapeake Utilities in a research report on Monday, March 5th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $79.67.
Shares of Chesapeake Utilities stock opened at $75.80 on Wednesday. Chesapeake Utilities has a 12 month low of $66.35 and a 12 month high of $86.35. The company has a market cap of $1,236.46, a price-to-earnings ratio of 26.18, a PEG ratio of 3.67 and a beta of 0.22. The company has a quick ratio of 0.38, a current ratio of 0.43 and a debt-to-equity ratio of 0.41.
Chesapeake Utilities (NYSE:CPK) last announced its earnings results on Wednesday, February 28th. The utilities provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Chesapeake Utilities had a return on equity of 10.10% and a net margin of 9.41%. The business had revenue of $180.40 million during the quarter, compared to analysts’ expectations of $147.85 million. equities research analysts anticipate that Chesapeake Utilities will post 3.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Thursday, March 15th were issued a $0.325 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $1.30 annualized dividend and a dividend yield of 1.72%. Chesapeake Utilities’s dividend payout ratio is presently 44.98%.
In other Chesapeake Utilities news, insider John R. Schimkaitis sold 2,500 shares of the firm’s stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $71.00, for a total transaction of $177,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen C. Thompson sold 2,263 shares of the firm’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $72.17, for a total value of $163,320.71. Following the transaction, the insider now owns 73,605 shares of the company’s stock, valued at $5,312,072.85. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.
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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