Chesapeake Utilities (NYSE:CPK) Releases FY 2026 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 7.750-8.000 for the period, compared to the consensus estimate of 6.480. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wells Fargo & Company started coverage on shares of Chesapeake Utilities in a research note on Tuesday, May 12th. They issued an “equal weight” rating and a $132.00 target price on the stock. Barclays set a $142.00 price target on shares of Chesapeake Utilities and gave the company an “equal weight” rating in a research report on Monday, April 20th. Weiss Ratings upgraded Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Finally, Wall Street Zen lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $137.00.

Chesapeake Utilities Price Performance

Shares of Chesapeake Utilities stock traded down $0.25 on Thursday, hitting $133.59. 166,277 shares of the company traded hands, compared to its average volume of 235,492. Chesapeake Utilities has a 12-month low of $118.88 and a 12-month high of $140.83. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The company has a market cap of $3.21 billion, a P/E ratio of 21.41 and a beta of 0.68. The firm’s 50-day simple moving average is $127.14 and its 200 day simple moving average is $128.19.

Chesapeake Utilities (NYSE:CPK) last announced its earnings results on Thursday, August 6th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). The company had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $198.91 million. Chesapeake Utilities had a return on equity of 9.53% and a net margin of 15.11%.The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 earnings per share. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. Analysts expect that Chesapeake Utilities will post 6.46 earnings per share for the current fiscal year.

Insider Transactions at Chesapeake Utilities

In other Chesapeake Utilities news, CEO Jeffry M. Householder sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $126.12, for a total value of $1,261,200.00. Following the completion of the sale, the chief executive officer owned 63,001 shares of the company’s stock, valued at $7,945,686.12. This represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin J. Webber sold 2,000 shares of Chesapeake Utilities stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $127.37, for a total transaction of $254,740.00. Following the transaction, the senior vice president directly owned 12,652 shares in the company, valued at $1,611,485.24. This trade represents a 13.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chesapeake Utilities

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Chesapeake Utilities by 0.8% during the second quarter. State Street Corp now owns 1,257,589 shares of the utilities provider’s stock valued at $152,023,000 after purchasing an additional 9,556 shares in the last quarter. Wellington Management Group LLP lifted its position in Chesapeake Utilities by 27.6% during the third quarter. Wellington Management Group LLP now owns 952,045 shares of the utilities provider’s stock valued at $128,231,000 after buying an additional 205,742 shares during the period. Invesco Ltd. lifted its position in Chesapeake Utilities by 3.0% during the third quarter. Invesco Ltd. now owns 590,793 shares of the utilities provider’s stock valued at $79,574,000 after buying an additional 16,993 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Chesapeake Utilities by 831.0% during the 3rd quarter. Alliancebernstein L.P. now owns 511,428 shares of the utilities provider’s stock valued at $68,884,000 after buying an additional 456,497 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Chesapeake Utilities by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 437,122 shares of the utilities provider’s stock valued at $54,536,000 after buying an additional 3,867 shares in the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Company Profile

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.