La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Chesapeake Utilities a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Chesapeake Utilities..

Chesapeake Utilities (NYSE:CPK) Azioni, Catena delle Opzioni

Chesapeake Utilities

Chesapeake Utilities Corp is a diversified energy delivery company that is engaged in natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions and other businesses. The company operates in two reportable segments, Regulated Energy and Unregulated Energy. The company's natural gas and electric distribution operations in Delaware, Maryland and Florida are subject to regulation by their respective PSC. Eastern Shore, its natural gas transmission subsidiary, is subject to regulation by the FERC and Peninsula Pipeline and Aspire Energy Express, its intrastate pipeline subsidiaries, are subject to regulation by the Florida PSC and Public Utilities Commission of Ohio, respectively.

Chesapeake Utilities Corporation Common Stock

Chesapeake Utilities Corp

CHESAPEAKE FINCL SHS INC by Chesapeake Financial Shares, Inc.

Chesapeake Financial Shares Inc

Akwaaba Mining Ltd

Barclays analyst Nicholas Campanella maintains Chesapeake Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) with a Equal-Weight and raises the price target from $118 to $124.

News

Price Target

Analyst Ratings

Barclays Maintains Equal-Weight on Chesapeake Utilities, Raises Price Target to $124

Barclays analyst Nicholas Campanella maintains Chesapeake Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) with a Equal-Weight and raises the price target from $111 to $118.

Barclays Maintains Equal-Weight on Chesapeake Utilities, Raises Price Target to $118

Guidance

Chesapeake Utilities Sees FY24 Adj. EPS $5.33-$5.45 Vs $5.39 Est.

Chesapeake Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) reported quarterly earnings of $0.86 per share which beat the analyst consensus estimate of $0.80 by 7.5 percent. The company reported quarterly sales of $166.272 million which missed the analyst consensus estimate of $194.700 million by 14.60 percent. This is a 22.63 percent increase over sales of $135.593 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Chesapeake Utilities Q2 2024 Adj. EPS $0.86 Beats $0.80 Estimate, Sales $166.272M Miss $194.700M Estimate

Chesapeake Utilities' Subsidiary Peninsula Pipeline Company Receives Approval From Florida Public Service Commission For Three Projects Expanding Natural Gas Infrastructure To Benefit Florida City Gas Customers

National Fuel Gas Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nfg#NYSE">NFG</a>) announced that its board of directors has approved a 4% increase in its quarterly dividend rate. The company has paid dividends for 122 consecutive years, and this marks its annual dividend hike for 54 consecutive years. The new dividend rate will be 51.5 cents per share compared with the previous quarter&#39;s 49.5 cents, payable on Jul 15, 2024, to stockholders of record as of Jun 28. 
This increase resulted in an annualized dividend of $2.06 per share compared with the previous level of $1.98. National Fuel Gas&#39; current dividend yield is 3.6%, higher than the Zacks S&amp;P 500 composite&#39;s average of 1.36%.
<h3>Can NFG Sustain Dividend Hikes?</h3>
The company&#39;s systematic capital spending to strengthen its natural gas and oil operations is positively impacting its total production. It has been consistently increasing its total production since fiscal 2015. Also, National Fuel Gas&#39; acquisition of Royal Dutch Shell&#39;s upstream and midstream assets in Pennsylvania for $500 million boosted its earnings and production. 
Since 2010, National Fuel Gas Company has invested $2.7 billion in midstream operations to expand and modernize its pipeline infrastructure to gain access to Appalachian production. The company has more than $500 million in investment planned over the next five years for the modernization of pipeline transportation and distribution systems. 
At present, its midstream operation has 4.5 million dekatherms of daily interstate pipeline capacity under contract. On completion, these projects are expected to further boost the pipeline capacity and annual revenues of the company. 
NFG has the potential to expand and improve even further, which suggests that management will have sufficient funds to continue with its shareholder-friendly activities in the future.
<h3>Legacy of Dividend Payment</h3>
Companies involved in utility services generally have stable operations and earnings. Consistent performance, regulated returns and the ability to generate cash flows allow utilities to reward shareholders with regular dividends. 
In the past few months, Chesapeake Utilities Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpk#NYSE">CPK</a>), The Southern Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/so#NYSE">SO</a>) and FirstEnergy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fe#NYSE">FE</a>) have raised their quarterly dividend rate by 8.5%, 2.9% and 3.6%, respectively. 
The Zacks Consensus Estimate for Chesapeake Utilities&#39; 2024 earnings is pegged at $5.41 per share, implying a year-over-year increase of 1.9%. CPK&#39;s current dividend yield is 2.21%. 
The Zacks Consensus Estimate for Southern Company&#39;s 2024 earnings is pegged at $3.99 per share, implying a year-over-year increase of 9.3%. SO&#39;s current dividend yield is 3.66%. 
The Zacks Consensus Estimate for FirstEnergy&#39;s 2024 earnings is pegged at $2.68 per share, implying a year-over-year increase of 4.7%. FE&#39;s current dividend yield is 4.4%.
<h3>Price Performance</h3>
In the past three months, National Fuel Gas&#39; shares have risen 7% compared with the industry&#39;s growth of 5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/22/68845.jpg?v=1120721541" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
National Fuel Gas currently carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2288296/national-fuel-gas-nfg-board-approves-4-dividend-hike?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2288296">To read this article on Zacks.com click here.</a>

Markets

Trading Ideas

National Fuel Gas' Board Approves 4% Dividend Hike

Barclays analyst Nicholas Campanella initiates coverage on Chesapeake Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) with a Equal-Weight rating and announces Price Target of $111.

Initiation

Barclays Initiates Coverage On Chesapeake Utilities with Equal-Weight Rating, Announces Price Target of $111

Wells Fargo analyst Sarah Akers maintains Chesapeake Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) with a Equal-Weight and raises the price target from $105 to $115.

Wells Fargo Maintains Equal-Weight on Chesapeake Utilities, Raises Price Target to $115

From a longer-term perspective, the Company is also reaffirming its previously announced capital expenditure&nbsp;guidance&nbsp;for the five-year period ended 2028 that will range from&nbsp;$1.5 billion&nbsp;to&nbsp;$1.8 billion.&nbsp; This investment profile is projected to result in a 2025 EPS&nbsp;guidance&nbsp;range of&nbsp;$6.15&nbsp;to&nbsp;$6.35, as well as a 2028 EPS&nbsp;guidance&nbsp;range of&nbsp;$7.75&nbsp;to&nbsp;$8.00&nbsp;per share. This implies an EPS growth rate of approximately&nbsp;8 percent&nbsp;from the previous 2025 EPS&nbsp;guidance&nbsp;range, or since 2018, an&nbsp;8.5 percent&nbsp;growth rate.

Chesapeake Utilities Continues To Support Its 2024 Adj EPS Guidance Of $5.33-$5.45, Est $5.40

Chesapeake Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) reported quarterly earnings of $2.10 per share which missed the analyst consensus estimate of $2.12 by 0.94 percent. This is a 2.94 percent increase over earnings of $2.04 per share from the same period last year. The company reported quarterly sales of $245.744 million which missed the analyst consensus estimate of $260.150 million by 5.54 percent. This is a 12.66 percent increase over sales of $218.129 million the same period last year.

Chesapeake Utilities Q1 2024 Adj EPS $2.10 Misses $2.12 Estimate, Sales $245.744M Miss $260.150M Estimate

At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) voted to increase the quarterly cash dividend on the Company's common stock from $0.59 per share to $0.64 per share. The Board's action raises the 2024 annualized dividend by $0.20 from $2.36 to $2.56 per share, an 8.5 percent increase. The $0.64 per share dividend will be payable July 5, 2024 to all shareholders of record at the close of business on June 14, 2024.

Dividends

Chesapeake Utilities Raises Quarterly Dividend From $0.59 To $0.64 Per Share

Public Service Commission Votes to Approve Programs Benefitting Delaware Residents
DOVER, Del., April 22, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:&nbsp;CPK) announced today the Delaware Public Service Commission voted to approve the Company's establishment of a portfolio of natural gas energy efficiency programs for Delaware. Chesapeake Utilities will partner with the Delaware Sustainable Energy Utility to deliver the programs, which are the first natural gas efficiency programs to be offered in the state. Delaware residents will benefit from solutions to lower energy costs and live more sustainably.
"Leading the first natural gas energy efficiency program in Delaware demonstrates our continuing commitment to our communities and the environment,"&nbsp;said Shane Breakie, vice president, sustainability and organic growth.&nbsp;"This was a team effort, and we sincerely appreciate collaborating with the Delaware Public Service Commission, the Division of the Public Advocate, the Delaware Energy Efficiency Advisory Council and the Delaware Sustainable Energy Utility to make these programs possible."
The portfolio consists of three programs: Home Energy Counseling and Checkup (HEC), Home Performance with Energy Star (HP) and Assisted Home Performance with Energy Star (AHP). Chesapeake Utilities developed the portfolio of programs to achieve cost-effective energy and demand savings for its Delaware natural gas customers. While all Chesapeake Utilities' residential customers are eligible to participate in one or more of the programs in the portfolio, the AHP program is specifically designed to provide support for lower income customers. Collectively, the programs are estimated to save Delaware customers 36,052 MMBtu in natural gas consumption over a two-year period, an amount equivalent to the annual energy usage of approximately&nbsp;1,055 households.
HEC will assist residential customers through a free energy checkup that identifies energy-efficiency opportunities. During the checkup, energy-efficient products may be installed, and the customer will receive information about their energy usage and a summary report with efficiency recommendations and, in some cases, referrals to additional efficiency programs. Participants will also receive a complementary home weatherization kit, including weather stripping, caulking, a door sweep and switch/outlet insulation gaskets.
The HP and AHP programs seek to reduce consumer energy usage through facility energy assessments that will help to identify sources of wasted energy in and improve energy efficiency of homes in one-to-four-unit buildings. Eligible consumers will receive a comprehensive energy audit that analyzes energy efficiency opportunities and includes recommendations, rebates, incentives and financing available to support consumer energy efficiency.
Chesapeake Utilities will release more information about these programs as they are launched.

Chesapeake Utilities Corporation Gains Approval To Establish Energy Efficiency Programs In Delaware

RBC Capital analyst Shelby Tucker maintains Chesapeake Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) with a Outperform and raises the price target from $123 to $124.

RBC Capital Maintains Outperform on Chesapeake Utilities, Raises Price Target to $124

The Company continues to support its previously introduced capital expenditure&nbsp;guidance&nbsp;for the five-year period ended 2028 that will range from&nbsp;$1.5 billion&nbsp;to&nbsp;$1.8 billion.&nbsp;The Company is also affirming its previously announced 2024 capital expenditure&nbsp;guidance&nbsp;of&nbsp;$300 million&nbsp;to&nbsp;$360 million.&nbsp;

Chesapeake Utilities Reaffirms 2025 EPS Guidance Range Of $6.15-$6.35 & 2028 EPS Guidance Range Of $7.75-$8.00; Expects 2024 EPS Of $5.33- $5.45 (Est $5.38)

Chesapeake Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) reported quarterly Adj earnings of $1.64 per share which beat the analyst consensus estimate of $1.56 by 5.13 percent. This is a 11.56 percent increase over earnings of $1.47 per share from the same period last year. The company reported quarterly sales of $185.34 million which missed the analyst consensus estimate of $234.60 million by 21.00 percent. This is a 1.05 percent decrease over sales of $187.30 million the same period last year.

Chesapeake Utilities Q4 Adj EPS $1.64 Beats $1.56 Estimate, Sales $185.34M Miss $234.60M Estimate

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Earnings Scheduled For February 21, 2024

Chesapeake Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-21. Here's what investors need to know before the announcement.
Analysts estimate that Chesapeake Utilities will report an earnings per share (EPS) of $1.56. 
Chesapeake Utilities bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.06, which was followed by a 1.51% increase in the share price the next day.
Here's a look at Chesapeake Utilities's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.63</td>
<td>0.96</td>
<td>2.04</td>
<td>1.44</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.69</td>
<td>0.90</td>
<td>2.04</td>
<td>1.47</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.51%</td>
<td>-1.96%</td>
<td>0.66%</td>
<td>1.53%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708452068_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Chesapeake Utilities were trading at $105.0 as of February 19. Over the last 52-week period, shares are down 15.3%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CPK/earnings">To track all earnings releases for Chesapeake Utilities visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Chesapeake Utilities's Earnings

WIIM

Companhia De Saneamento Basico Do Estado De Sao

Shares of utilities companies are trading lower amid a rise in Treasury yields, which could drive a rotation out of income-paying stocks.

RBC Capital analyst Shelby Tucker upgrades Chesapeake Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) from Sector Perform to Outperform and raises the price target from $111 to $123.

Upgrades

RBC Capital Upgrades Chesapeake Utilities to Outperform, Raises Price Target to $123

Chesapeake Utilities Corporation 2024 Q2 - Results - Earnings Call Presentation

In a report released on August 9, Sarah Akers from Wells Fargo maintained a Hold rating on Chesapeake Utilities (CPK – Research Report), with a pri...

Wells Fargo Reaffirms Their Hold Rating on Chesapeake Utilities (CPK)

In a report released today, Nicholas Campanella from Barclays maintained a Hold rating on Chesapeake Utilities (CPK – Research Report), with a pric...

Barclays Sticks to Their Hold Rating for Chesapeake Utilities (CPK)

Tate Sullivan, an analyst from Maxim Group, maintained the Buy rating on Chesapeake Utilities (CPK – Research Report). The associated price target ...

Buy Rating Affirmed for Chesapeake Utilities Amid Positive Growth Prospects and Solid Financial Management

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RBC Capital analyst Shelby Tucker maintained a Buy rating on Chesapeake Utilities (CPK – Research Report) yesterday and set a price target of $134....

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