Equities research analysts at Sidoti assumed coverage on shares of Chesapeake Utilities Corporation (NYSE:CPK) in a note issued to investors on Wednesday, The Fly reports. The brokerage set a “neutral” rating on the utilities provider’s stock.

Separately, BidaskClub raised shares of Chesapeake Utilities Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Chesapeake Utilities Corporation currently has a consensus rating of “Hold” and an average target price of $69.00.

Shares of Chesapeake Utilities Corporation (NYSE:CPK) traded up 1.05% on Wednesday, reaching $81.90. 48,972 shares of the company’s stock were exchanged. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 31.84 and a beta of 0.27. The firm’s 50-day moving average price is $79.36 and its 200 day moving average price is $75.91. Chesapeake Utilities Corporation has a 12 month low of $58.00 and a 12 month high of $82.07.

Chesapeake Utilities Corporation (NYSE:CPK) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.18). The business had revenue of $125.08 million during the quarter, compared to the consensus estimate of $116.50 million. Chesapeake Utilities Corporation had a net margin of 7.40% and a return on equity of 9.18%. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. Equities research analysts predict that Chesapeake Utilities Corporation will post $2.85 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Chesapeake Utilities Corporation (CPK) Now Covered by Analysts at Sidoti” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/18/chesapeake-utilities-corporation-cpk-now-covered-by-analysts-at-sidoti.html.

Several institutional investors have recently modified their holdings of CPK. Ameritas Investment Partners Inc. lifted its holdings in shares of Chesapeake Utilities Corporation by 11.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,388 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 148 shares during the period. Victory Capital Management Inc. increased its position in Chesapeake Utilities Corporation by 36.7% during the 1st quarter. Victory Capital Management Inc. now owns 2,265 shares of the utilities provider’s stock worth $157,000 after purchasing an additional 608 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Chesapeake Utilities Corporation by 1.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,812 shares of the utilities provider’s stock worth $194,000 after purchasing an additional 46 shares in the last quarter. Advisory Services Network LLC increased its position in Chesapeake Utilities Corporation by 1.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,985 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 34 shares in the last quarter. Finally, Sei Investments Co. increased its position in Chesapeake Utilities Corporation by 26.4% during the 1st quarter. Sei Investments Co. now owns 3,247 shares of the utilities provider’s stock worth $225,000 after purchasing an additional 679 shares in the last quarter. 61.33% of the stock is owned by institutional investors.

About Chesapeake Utilities Corporation

Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.

The Fly

Analyst Recommendations for Chesapeake Utilities Corporation (NYSE:CPK)

Receive News & Ratings for Chesapeake Utilities Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Utilities Corporation and related companies with MarketBeat.com's FREE daily email newsletter.