November 29, 2016 - By Adrian Mccoy
New York: Chesapeake Utilities Corporation (NYSE:CPK) coverage was started with a Market Perform rating by research analysts at Wells Fargo. This was revealed in analysts report on Tuesday, 29 November.
Out of 3 analysts covering Chesapeake Utilities (NYSE:CPK), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Chesapeake Utilities has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, March 2 by Robert W. Baird. As per Friday, June 24, the company rating was upgraded by Hilliard Lyons. Hilliard Lyons upgraded Chesapeake Utilities Corporation (NYSE:CPK) on Monday, August 10 to “Neutral” rating. The firm has “Neutral” rating by Robert W. Baird given on Monday, August 10. The stock of Chesapeake Utilities Corporation (NYSE:CPK) has “Neutral” rating given on Monday, August 10 by Janney Capital.
About 20,152 shares traded hands. Chesapeake Utilities Corporation (NYSE: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 EPS, down 8.22% or $0.06 from last year’s $0.73 per share. CPK’s profit will be $10.97M for 25.30 P/E if the $0.67 EPS becomes a reality. After $0.29 actual EPS 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 improved, 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.
Raymond James Finance Service Incorporated, a Florida-based fund reported 11,596 shares. American Interest Grp last reported 8,440 shares in the company. Moreover, National Bank & Trust Of Montreal Can has 0% invested in Chesapeake Utilities Corporation (NYSE:CPK) for 2,181 shares. Deutsche Savings Bank Ag has invested 0% of its portfolio in Chesapeake Utilities Corporation (NYSE:CPK). Advisory Svcs Networks Lc holds 0.04% or 2,937 shares in its portfolio. Park National Oh holds 0.03% or 6,150 shares in its portfolio. Legal General Gp Public Limited has 2,355 shares for 0% of their US portfolio. Phocas Fincl owns 152,631 shares or 0.74% of their US portfolio. Regions Fincl has 0.01% invested in the company for 10,584 shares. Blackrock Grp Ltd holds 11,906 shares or 0% of its portfolio. Us Bankshares De has 6,307 shares for 0% of their US portfolio. Barclays Public Ltd has 0% invested in the company for 1,345 shares. Qci Asset Mngmt Inc New York, a New York-based fund reported 352 shares. Moreover, California State Teachers Retirement has 0% invested in Chesapeake Utilities Corporation (NYSE:CPK) for 30,744 shares. The United Kingdom-based Gsa Capital Partners Llp has invested 0.04% in Chesapeake Utilities Corporation (NYSE:CPK).
Insider Transactions: Since September 26, 2016, the stock had 0 insider buys, and 1 sale for $31,311 net activity. SCHIMKAITIS JOHN R also sold $31,311 worth of Chesapeake Utilities Corporation (NYSE:CPK) on Monday, September 26.
Chesapeake Utilities Corporation is an energy company. The company has a market cap of $1.11 billion. The Company, through its operating divisions and subsidiaries, is engaged in regulated and unregulated energy businesses. It has a 25.11 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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By Adrian Mccoy