November 29, 2016 - By Hazel Jackson
Wells Fargo started coverage on shares of Chesapeake Utilities (CPK) in an analyst report released on Tuesday morning. The broker issued Market Perform rating on CPK stock.
About 9,396 shares traded hands. Chesapeake Utilities Corporation (CPK) has risen 11.60% since April 26, 2016 and is uptrending. It has outperformed by 6.34% the S&P500.
Analysts await Chesapeake Utilities Corporation (NYSE:CPK) to report earnings on February, 23. They expect $0.67 earnings per share, down 8.22% or $0.06 from last year’s $0.73 per share. CPK’s profit will be $10.93M for 25.15 P/E if the $0.67 EPS becomes a reality. After $0.29 actual earnings per share reported by Chesapeake Utilities Corporation for the previous quarter, Wall Street now forecasts 131.03% EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.11 in Q2 2016. Its up 0.02, from 1.09 in 2016Q1. The ratio is positive, as 19 funds sold all Chesapeake Utilities Corporation shares owned while 47 reduced positions. 21 funds bought stakes while 51 increased positions. They now own 8.26 million shares or 2.07% less from 8.44 million shares in 2016Q1.
Guggenheim Limited Liability Company holds 0% of its portfolio in Chesapeake Utilities Corporation (NYSE:CPK) for 17,389 shares. Royal Bancshares Of Canada has 0% invested in the company for 26,633 shares. Albert D Mason Inc has 18,887 shares for 0.73% of their US portfolio. Shell Asset Mgmt accumulated 22,598 shares or 0.03% of the stock. State Board Of Administration Of Florida Retirement owns 11,569 shares or 0% of their US portfolio. Vantage Investment Advsrs Ltd Co last reported 150 shares in the company. Moreover, Ativo Cap Llc has 0.18% invested in Chesapeake Utilities Corporation (NYSE:CPK) for 11,393 shares. Millennium Management Lc reported 118,738 shares or 0.02% of all its holdings. The United Kingdom-based Barclays Public Limited Com has invested 0% in Chesapeake Utilities Corporation (NYSE:CPK). First Limited Partnership owns 17,269 shares or 0% of their US portfolio. Hancock Holdg Com holds 0.06% of its portfolio in Chesapeake Utilities Corporation (NYSE:CPK) for 21,324 shares. Wedge Cap L L P Nc has invested 0.01% of its portfolio in Chesapeake Utilities Corporation (NYSE:CPK). Da Davidson And holds 0% or 104 shares in its portfolio. National Bank Of Ny Mellon accumulated 446,259 shares or 0.01% of the stock. Strs Ohio has 10,500 shares for 0% of their US portfolio.
Insider Transactions: Since September 26, 2016, the stock had 0 insider purchases, and 1 sale for $31,311 net activity. Shares for $31,311 were sold by SCHIMKAITIS JOHN R.
Chesapeake Utilities Corporation is an energy company. The company has a market cap of $1.10 billion. The Company, through its operating divisions and subsidiaries, is engaged in regulated and unregulated energy businesses. It has a 24.96 P/E ratio. It provides natural gas distribution and transmission, natural gas supply, gathering and processing, electric distribution and propane distribution service.
According to Zacks Investment Research, “Chesapeake Utilities Corporation is a utility company engaged in natural gas distribution and transmission, propane distribution and marketing, advanced information services and other related businesses.Chesapeake’s three natural gas distribution divisions serve residential, commercial and industrial customers in southern Delaware, Maryland’s Eastern Shore and Florida. The Company’s natural gas transmission subsidiary operates an interstate pipeline system that transports gas from various points in Pennsylvania to Delaware and Maryland distribution divisions.”
Chesapeake Utilities Corporation (Chesapeake), incorporated on November 12, 1947, is an energy company. The Company, through its operating divisions and subsidiaries, is engaged in regulated and unregulated energy businesses. The Firm provides natural gas distribution and transmission, natural gas supply, gathering and processing, electric distribution and propane distribution service. The Firm operates through two divisions: Regulated Energy and Unregulated Energy. The Regulated Energy segment includes the Company’s natural gas distribution, natural gas transmission and electric distribution operations. The Unregulated Energy segment includes its propane distribution, propane wholesale marketing, natural gas marketing and natural gas supply, gathering and processing services, which are unregulated as to their rates and services. Also included in the Unregulated Energy segment are other unregulated energy services, such as energy-related merchandise sales and heating, ventilation and air conditioning plumbing and electrical services. The remainder of its activities is considered as Other businesses and eliminations, which consists of unregulated subsidiaries that own real estate leased to Chesapeake Utilities, as well as certain corporate costs not allocated to other operations.
More notable recent Chesapeake Utilities Corporation (NYSE:CPK) news were published by: Prnewswire.com which released: “Chesapeake Utilities Corporation Employees Partner with Local Organizations to …” on November 23, 2016, also Prnewswire.com with their article: “Chesapeake Utilities Corporation Joins Utility Industry to Protect Customers …” published on November 15, 2016, Marketwatch.com published: “Chesapeake Utilities upgraded to long-term buy from neutral at Hilliard Lyons” on June 06, 2009. More interesting news about Chesapeake Utilities Corporation (NYSE:CPK) were released by: Prnewswire.com and their article: “Chesapeake Utilities Corporation Announces Common Stock Offering” published on September 21, 2016 as well as Prnewswire.com‘s news article titled: “Chesapeake Utilities Corporation Commences Operation of Eight Flags Energy …” with publication date: August 01, 2016.
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