17,831 Chesapeake Utilities Corporation $CPK Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in Chesapeake Utilities Corporation (NYSE:CPK) by 29.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 78,013 shares of the utilities provider’s stock after purchasing an additional 17,831 shares during the quarter. ProShare Advisors LLC’s holdings in Chesapeake Utilities were worth $10,022,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Chesapeake Utilities during the 2nd quarter worth $459,185,000. Wellington Management Group LLP lifted its position in shares of Chesapeake Utilities by 4.4% during the 2nd quarter. Wellington Management Group LLP now owns 939,774 shares of the utilities provider’s stock worth $115,104,000 after buying an additional 39,754 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Chesapeake Utilities in the second quarter valued at about $25,935,000. Energy Income Partners LLC acquired a new stake in Chesapeake Utilities in the second quarter valued at about $25,080,000. Finally, Jupiter Topco LLC acquired a new stake in Chesapeake Utilities in the second quarter valued at about $19,744,000. Institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Stock Down 1.1%

Shares of NYSE:CPK opened at $137.76 on Wednesday. The company has a fifty day moving average of $131.17 and a 200-day moving average of $129.35. The company has a market capitalization of $3.32 billion, a PE ratio of 21.97 and a beta of 0.62. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.28 and a current ratio of 0.32. Chesapeake Utilities Corporation has a 52-week low of $118.88 and a 52-week high of $140.83.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The firm had revenue of $201.90 million during the quarter, compared to the consensus estimate of $198.91 million. During the same quarter in the previous year, the company posted $1.04 earnings per share. The firm’s revenue 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 6.40 EPS for the current fiscal year.

Chesapeake Utilities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Monday, September 14th were issued a $0.7350 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, September 14th. Chesapeake Utilities’s dividend payout ratio is presently 46.89%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CPK shares. Huntington initiated coverage on Chesapeake Utilities in a research report on Monday, September 14th. They issued an “outperform” rating and a $150.00 target price on the stock. Mizuho set a $150.00 target price on shares of Chesapeake Utilities and gave the stock an “outperform” rating in a report on Friday, September 11th. Wall Street Zen downgraded shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Chesapeake Utilities from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. Finally, Barclays set a $134.00 price target on shares of Chesapeake Utilities and gave the company an “equal weight” rating in a report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $142.50.

Chesapeake Utilities Profile

Chesapeake Utilities Corporation is an energy delivery company that provides natural gas, propane, electricity and related services to residential, commercial, industrial and institutional customers. Its operations include regulated utility businesses as well as unregulated energy and infrastructure activities.

The company distributes natural gas and electricity, transports natural gas through pipeline systems, and supplies propane and other fuels. It also develops and operates energy infrastructure and provides renewable natural gas and other energy solutions through its portfolio of operating subsidiaries.

Founded in 1859, Chesapeake Utilities serves customers primarily in Delaware, Maryland, Pennsylvania, Virginia, Florida and Ohio.