Chesapeake Utilities (NYSE:CPK) posted its earnings results on Thursday. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03), Fidelity Earnings reports. The company had revenue of $92.63 million during the quarter, compared to the consensus estimate of $170.20 million. Chesapeake Utilities had a net margin of 8.62% and a return on equity of 11.30%.
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Shares of NYSE CPK traded down $1.15 during midday trading on Friday, reaching $88.02. 79,325 shares of the company traded hands, compared to its average volume of 59,471. Chesapeake Utilities has a 52 week low of $77.20 and a 52 week high of $97.00. The stock has a 50-day moving average price of $93.74 and a 200 day moving average price of $93.39. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.24 and a quick ratio of 0.22. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 3.46 and a beta of 0.15.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Friday, December 13th. Chesapeake Utilities’s dividend payout ratio is currently 48.94%.
In related news, insider John R. Schimkaitis sold 2,500 shares of Chesapeake Utilities stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $94.41, for a total transaction of $236,025.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 2,858 shares of company stock worth $269,817. Company insiders own 4.18% of the company’s stock.
A number of equities research analysts recently weighed in on CPK shares. Zacks Investment Research cut shares of Chesapeake Utilities from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Maxim Group set a $110.00 price objective on shares of Chesapeake Utilities and gave the company a “buy” rating in a research note on Friday, October 11th. ValuEngine cut shares of Chesapeake Utilities from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Sidoti started coverage on shares of Chesapeake Utilities in a research note on Thursday, October 24th. They set a “buy” rating and a $108.00 price objective on the stock. Finally, Wells Fargo & Co restated a “hold” rating on shares of Chesapeake Utilities in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $100.65.
About Chesapeake Utilities
Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.
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