<div id="readability-page-1"><p>Chesapeake Utilities (NYSE:CPK - Get Free Report) updated its FY 2028 earnings guidance on Wednesday. The company provided EPS guidance of 7.750-8.00 for the period, compared to the consensus EPS estimate of 6.520. The company issued revenue guidance of -.</p><div><p><span></span><span>Get <strong>Chesapeake Utilities</strong> alerts:</span></p></div><h2>Analyst Ratings Changes</h2><ul><li>3 Companies That Just Raised Dividends; 2 to Buy, 1 to Avoid</li></ul><p>Several equities research analysts recently weighed in on the stock. Weiss Ratings  reiterated a &#34;hold (c+)&#34; rating on shares of Chesapeake Utilities in a research note on Friday, March 27th. Wall Street Zen raised Chesapeake Utilities from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Saturday, March 14th. Finally, Barclays  set a $142.00 price objective on Chesapeake Utilities and gave the stock an &#34;equal weight&#34; rating in a research report on Monday, April 20th. One analyst  has rated the stock with a Strong Buy rating and three have issued  a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $142.00.</p><p><b>Get Our Latest Research Report on Chesapeake Utilities</b></p><h2>Chesapeake Utilities Price Performance</h2><p>CPK traded down $0.05 during midday trading on Wednesday, reaching $125.81. 110,487 shares of the company's stock were exchanged, compared to its average volume of 137,055. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.83. The business has a 50-day simple moving average of $129.15 and a two-hundred day simple moving average of $129.56. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 21.04 and a beta of 0.71. Chesapeake Utilities has a one year low of $115.24 and a one year high of $140.59. </p><p>Chesapeake Utilities (NYSE:CPK - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.09. Chesapeake Utilities had a return on equity of 9.31% and a net margin of 15.09%.The company had revenue of $353.10 million for the quarter, compared to analyst estimates of $339.86 million. Chesapeake Utilities has set its FY 2028 guidance at 7.750-8.00 EPS.  As a group, research analysts predict that  Chesapeake Utilities will post 6.51 EPS for the current year. </p><h2>Chesapeake Utilities Announces Dividend</h2><p>The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Monday, March 16th were given a $0.685 dividend. This represents a $2.74 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, March 16th. Chesapeake Utilities's dividend payout ratio  is 45.82%. </p><h2>Institutional Investors Weigh In On Chesapeake Utilities</h2><p>Several large investors have recently made changes to their positions in the company. State Street Corp increased its position in shares of  Chesapeake Utilities by 0.8% during the 2nd quarter. State Street Corp now owns 1,257,589 shares of the utilities provider's stock worth $152,023,000 after purchasing an additional 9,556 shares in the last quarter.  Wellington Management Group LLP boosted its position in  Chesapeake Utilities by 27.6% in the third quarter. Wellington Management Group LLP now owns 952,045 shares of the utilities provider's stock valued at $128,231,000 after buying an additional 205,742 shares in the last quarter.  Invesco Ltd. boosted its position in  Chesapeake Utilities by 3.0% in the third quarter. Invesco Ltd. now owns 590,793 shares of the utilities provider's stock valued at $79,574,000 after buying an additional 16,993 shares in the last quarter.  Alliancebernstein L.P. grew its stake in  Chesapeake Utilities by 831.0% during the third quarter. Alliancebernstein L.P. now owns 511,428 shares of the utilities provider's stock worth $68,884,000 after buying an additional 456,497 shares during the last quarter.  Finally, Dimensional Fund Advisors LP grew its stake in  Chesapeake Utilities by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 437,122 shares of the utilities provider's stock worth $54,536,000 after buying an additional 3,867 shares during the last quarter. Institutional investors own  83.11% of the company's stock. </p><h2>Chesapeake Utilities Company Profile</h2> (Get Free Report)<p>Chesapeake Utilities Corporation <span>NYSE: CPK<span></span></span> is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.</p><h2>Read More</h2><ul><li>Five stocks we like better than Chesapeake Utilities</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Chesapeake Utilities Right Now?</h2><p>Before you consider Chesapeake Utilities, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chesapeake Utilities wasn't on the list.</p><p>While Chesapeake Utilities currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Chesapeake Utilities (NYSE:CPK) has updated its FY 2028 earnings guidance, projecting EPS between 7.750 and 8.00, surpassing the consensus estimate of 6.520. The company also reported a quarterly EPS of $2.47, exceeding expectations. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average target price of $142.00. Chesapeake Utilities recently declared a quarterly dividend of $0.685, yielding 2.2%. Institutional investors hold 83.11% of the company's stock, indicating strong institutional interest.</p>

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Chesapeake Utilities (NYSE:CPK) Updates FY 2028 Earnings Guidance