Chesapeake Utilities Corporation (NYSE:CPK) – Equities research analysts at US Capital Advisors issued their Q3 2017 EPS estimates for Chesapeake Utilities Corporation in a report released on Wednesday. US Capital Advisors analyst D. Fidell anticipates that the utilities provider will earn $0.35 per share for the quarter.

Chesapeake Utilities Corporation (NYSE:CPK) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.18). The company had revenue of $125.08 million during the quarter, compared to analysts’ expectations of $116.50 million. Chesapeake Utilities Corporation had a return on equity of 9.18% and a net margin of 7.40%. The firm’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 EPS.

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Several other brokerages also recently issued reports on CPK. BidaskClub upgraded Chesapeake Utilities Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Chesapeake Utilities Corporation from a “strong sell” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, Sidoti initiated coverage on Chesapeake Utilities Corporation in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $85.00 price objective for the company. Six analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Chesapeake Utilities Corporation currently has a consensus rating of “Hold” and a consensus price target of $73.00.

Chesapeake Utilities Corporation (NYSE:CPK) opened at 81.50 on Monday. Chesapeake Utilities Corporation has a 12-month low of $58.00 and a 12-month high of $82.15. The firm has a 50-day moving average price of $79.82 and a 200-day moving average price of $76.63. The stock has a market cap of $1.33 billion, a PE ratio of 31.69 and a beta of 0.27.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 15th were paid a $0.325 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.30 annualized dividend and a dividend yield of 1.60%. Chesapeake Utilities Corporation’s dividend payout ratio (DPR) is currently 50.78%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Chesapeake Utilities Corporation by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 859,001 shares of the utilities provider’s stock valued at $64,383,000 after buying an additional 20,470 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Chesapeake Utilities Corporation by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 524,985 shares of the utilities provider’s stock valued at $39,348,000 after buying an additional 2,969 shares during the period. State Street Corp increased its stake in shares of Chesapeake Utilities Corporation by 2.6% in the 2nd quarter. State Street Corp now owns 320,874 shares of the utilities provider’s stock valued at $24,043,000 after buying an additional 8,078 shares during the period. William Blair Investment Management LLC increased its stake in shares of Chesapeake Utilities Corporation by 21.9% in the 2nd quarter. William Blair Investment Management LLC now owns 288,803 shares of the utilities provider’s stock valued at $21,646,000 after buying an additional 51,898 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Chesapeake Utilities Corporation by 5.2% in the 1st quarter. Renaissance Technologies LLC now owns 232,450 shares of the utilities provider’s stock valued at $16,086,000 after buying an additional 11,450 shares during the period. 61.33% of the stock is owned by institutional investors.

Chesapeake Utilities Corporation Company Profile

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.

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