Chesapeake Utilities(CPK)
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Chesapeake Utilities: Good Growth Prospects, But Very Richly Valued
Seeking Alpha· 2025-04-24 21:00
Chesapeake Utilities Corporation (NYSE: CPK ) is a regulated natural gas utility that operates in the states of Delaware, Maryland, and Florida. The company also operates as a natural gas-focused midstream company in the states of Delaware, Maryland, Pennsylvania, Florida, andAt Energy Profits in Dividends, we seek to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing our risk of principal loss. By subscribing, you will get access to our best ideas earlier than they ar ...
Chesapeake Utilities to Host its First Quarter 2025 Earnings Conference Call and Webcast on May 8, 2025
Prnewswire· 2025-04-22 20:53
Core Viewpoint - Chesapeake Utilities Corporation will host a conference call to discuss its financial results for Q1 2024 on May 8, 2025, with the earnings press release issued on May 7, 2025 [1]. Company Information - Chesapeake Utilities Corporation is a diversified energy delivery company listed on the NYSE under the ticker CPK, providing sustainable energy solutions through various services including natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, and mobile compressed natural gas utility services [3]. Conference Call Details - The conference call will take place at 8:00 a.m. ET, and registration is required for those wishing to listen via live webcast [2]. - Dial-in information for the conference call includes a toll-free number (800-579-2543) and an international number (785-424-1789), with a Conference ID of CPKQ125 for participants [2]. - A replay of the conference call will be available on the company's website after the call concludes [2].
Is Chesapeake Utilities (CPK) Stock Outpacing Its Utilities Peers This Year?
ZACKS· 2025-04-10 14:45
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Has Chesapeake Utilities (CPK) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Chesapeake Utilities is a member of our Utilities group, which includes 106 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual st ...
Chesapeake Utilities Corporation Shares Highlights from 2025 Investor Day
Prnewswire· 2025-04-07 12:56
DOVER, Del., April 7, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) today announced that video recordings of the presentation and panel discussions from the Company's recent 2025 Investor Day are now available to view via web replay on its Investor Relations site: https://investorevent.chpk.com/recap/.The 2025 Investor Day event held March 12-13 at the Kennedy Space Center in Cape Canaveral, Florida, brought together members of the Chesapeake Utilities leadership team and the financial co ...
Chesapeake Utilities Corporation's Subsidiary Aspire Energy of Ohio Celebrates 10 Years as Part of Company, Looks to Capture Growth Opportunities
Prnewswire· 2025-04-02 16:47
DOVER, Del., April 2, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) celebrates the 10-year anniversary of its Ohio subsidiary. On April 1, 2015, the Company completed the merger of Gatherco Inc. into Aspire Energy of Ohio LLC to deliver energy through natural gas midstream services, processing and transportation services. Since the merger, the Ohio team has significantly improved the safety, resiliency, and reliability of the natural gas systems, while continuing to meet the growing need ...
CPK or NJR: Which Is a Better Utility Gas Distribution Stock?
ZACKS· 2025-03-26 15:05
Industry Overview - Natural gas distribution pipelines are essential for delivering natural gas to consumers, with nearly 3 million pipelines in the U.S. [1] - The demand for distribution pipelines is increasing due to rising natural gas consumption both domestically and internationally [2] Financial Environment - The natural gas industry requires consistent funding to address aging infrastructure and maintain pipelines [3] - The Federal Reserve has lowered the federal fund rate by one percentage point since September 2024, with further reductions expected in 2025, benefiting capital-intensive utilities [3] Utility Companies Performance - Utility service providers typically experience steady revenue growth and profitability, enhancing shareholder value through dividends [4] - Chesapeake Utilities (CPK) has a market capitalization of $2.90 billion, while New Jersey Resources (NJR) has $4.86 billion [6] Growth Projections - Chesapeake Utilities is projected to have 2025 earnings of $6.27 per share on revenues of $849.1 million, indicating a 16.3% increase in earnings and 7.9% revenue growth [7] - New Jersey Resources is expected to have earnings of $3.15 per share on revenues of $1.83 billion, reflecting a 7.5% increase in earnings and 1.7% revenue growth [7] Stock Performance - Over the past six months, NJR shares have increased by 2.1%, while CPK shares have risen by 0.9%, contrasting with a 4.9% decline in the industry [8] Debt and Financial Ratios - Chesapeake Utilities has a debt-to-capital ratio of 51.63%, and New Jersey Resources has 59.64%, both below the sector average of 60.26% [10] - The times interest earned (TIE) ratio for CPK is 3.4, and for NJR it is 4.2, indicating both companies have maintained financial flexibility to meet debt obligations [11] Dividend Yield - Chesapeake Utilities has a dividend yield of 2.06%, while New Jersey Resources has a yield of 3.76%, both exceeding the S&P 500 Composite average of 1.27% [12] Investment Recommendation - Both Chesapeake Utilities and New Jersey Resources are positioned as strong investments, with NJR being favored due to its superior TIE ratio, dividend yield, and stock performance [13]
Is Chesapeake Utilities (CPK) Outperforming Other Utilities Stocks This Year?
ZACKS· 2025-03-25 14:46
Group 1 - Chesapeake Utilities (CPK) is a notable stock in the Utilities sector, which includes 104 individual stocks and has a Zacks Sector Rank of 5 [2] - The Zacks Rank system focuses on earnings estimates and revisions, with Chesapeake Utilities currently holding a Zacks Rank of 2 (Buy) [3] - The Zacks Consensus Estimate for CPK's full-year earnings has increased by 0.3% in the past quarter, indicating improved analyst sentiment [4] Group 2 - Chesapeake Utilities has returned approximately 3.8% year-to-date, matching the average return of the Utilities sector [4] - In comparison, Energias de Portugal (EDPFY) has outperformed the sector with a return of 4% since the beginning of the year [5] - Chesapeake Utilities belongs to the Utility - Gas Distribution industry, which ranks 72 in the Zacks Industry Rank, while the industry has seen an average loss of 6.8% this year [6]
CHESAPEAKE UTILITIES CORPORATION RECEIVES INAUGURAL INVESTMENT GRADE CREDIT RATING FROM FITCH
Prnewswire· 2025-03-10 16:47
Core Points - Chesapeake Utilities Corporation has received its inaugural investment grade credit rating from Fitch Ratings, with a Long-Term Issuer Default Rating (IDR) of BBB+ and a Stable outlook [1][3] - The company has a strong history of delivering top-tier returns for investors, supported by significant capital investment and prudent balance sheet management [2] - The investment grade rating will enhance Chesapeake's access to financing, allowing for more efficient capital raising to support future growth plans [2] Company Overview - Chesapeake Utilities Corporation is a diversified energy delivery company listed on the New York Stock Exchange, providing sustainable energy solutions through various services including natural gas transmission and distribution, electricity generation and distribution, and propane gas distribution [4]
Why Chesapeake Utilities (CPK) is a Top Dividend Stock for Your Portfolio
ZACKS· 2025-03-05 17:50
Core Viewpoint - Income investors prioritize generating consistent cash flow, primarily through dividends, which are a significant component of long-term returns [2][6]. Company Overview: Chesapeake Utilities - Chesapeake Utilities (CPK) is based in Dover and operates in the Utilities sector, with a year-to-date share price change of 4.86% [3]. - The company currently pays a dividend of $0.64 per share, resulting in a dividend yield of 2.01%, which is lower than the industry average of 3.42% and the S&P 500's yield of 1.57% [3]. Dividend Performance - The annualized dividend of Chesapeake Utilities is $2.56, reflecting a 2% increase from the previous year [4]. - Over the last five years, the company has increased its dividend five times, achieving an average annual increase of 10.07% [4]. - The current payout ratio stands at 47%, indicating that the company distributes 47% of its trailing 12-month earnings per share as dividends [4]. Earnings Growth Expectations - For the fiscal year, Chesapeake Utilities anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 projected at $6.26 per share, representing a year-over-year growth rate of 16.14% [5]. Investment Considerations - Chesapeake Utilities is viewed as a compelling investment opportunity due to its attractive dividend and strong Zacks Rank of 2 (Buy) [7].
Has Chesapeake Utilities (CPK) Outpaced Other Utilities Stocks This Year?
ZACKS· 2025-03-04 15:46
Company Performance - Chesapeake Utilities (CPK) has gained approximately 6% year-to-date, outperforming the average return of 4.3% for the Utilities sector [4] - The Zacks Consensus Estimate for CPK's full-year earnings has increased by 0.2% over the past quarter, indicating improving analyst sentiment [4] - Chesapeake Utilities holds a Zacks Rank of 2 (Buy), suggesting a favorable outlook for the stock [3] Industry Comparison - Chesapeake Utilities is part of the Utility - Gas Distribution industry, which consists of 13 companies and currently ranks 24 in the Zacks Industry Rank [6] - Stocks in the Utility - Gas Distribution industry have experienced an average loss of about 4.7% year-to-date, highlighting CPK's relative strength within this group [6] - Centrica PLC (CPYYY), another stock in the Utilities sector, has returned 11.1% year-to-date and also holds a Zacks Rank of 2 (Buy) [5]