First National Bank of Omaha Buys Shares of 3,960 Chesapeake Utilities Corporation $CPK

First National Bank of Omaha acquired a new stake in Chesapeake Utilities Corporation (NYSE:CPK) in the second quarter, Holdings Channel reports. The institutional investor acquired 3,960 shares of the utilities provider’s stock, valued at approximately $485,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of Chesapeake Utilities by 31.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 325 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 78 shares during the period. Versant Capital Management Inc grew its holdings in Chesapeake Utilities by 38.8% during the second quarter. Versant Capital Management Inc now owns 304 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 85 shares during the period. Wealthspire Advisors LLC grew its holdings in Chesapeake Utilities by 0.3% during the fourth quarter. Wealthspire Advisors LLC now owns 29,488 shares of the utilities provider’s stock valued at $3,679,000 after purchasing an additional 93 shares during the period. Franklin Resources Inc. increased its stake in Chesapeake Utilities by 6.1% in the fourth quarter. Franklin Resources Inc. now owns 1,646 shares of the utilities provider’s stock valued at $205,000 after purchasing an additional 95 shares in the last quarter. Finally, Intrust Bank NA increased its stake in Chesapeake Utilities by 2.2% in the fourth quarter. Intrust Bank NA now owns 4,540 shares of the utilities provider’s stock valued at $566,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 83.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Chesapeake Utilities from $132.00 to $134.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. Weiss Ratings upgraded Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Finally, Wall Street Zen cut Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $138.00.

Chesapeake Utilities Stock Up 0.0%

Shares of CPK stock opened at $136.62 on Thursday. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 0.79. Chesapeake Utilities Corporation has a 1 year low of $118.88 and a 1 year high of $140.83. The firm’s fifty day moving average price is $129.36 and its two-hundred day moving average price is $128.75. The firm has a market capitalization of $3.29 billion, a P/E ratio of 21.79 and a beta of 0.68.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). Chesapeake Utilities had a return on equity of 9.34% and a net margin of 15.12%.The company had revenue of $201.90 million for the quarter, compared to the consensus estimate of $198.91 million. During the same quarter in the prior year, the company earned $1.04 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. On average, equities analysts predict that Chesapeake Utilities Corporation will post 6.42 EPS for the current fiscal year.

Chesapeake Utilities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Monday, September 14th will be paid a $0.735 dividend. The ex-dividend date is Monday, September 14th. This represents a $2.94 dividend on an annualized basis and a yield of 2.2%. Chesapeake Utilities’s dividend payout ratio is 46.89%.

About Chesapeake Utilities

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.