Chesapeake Utilities Corp (NYSE: CPK) is 11.66% higher on its value in year-to-date trading and has touched a low of $100.33 and a high of $136.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CPK stock was last observed hovering at around $133.49 in the last trading session, with the day’s gains setting it 2.01%.
Currently trading at $135.50, the stock is 5.06% and 6.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 1.51% at the moment leaves the stock 10.88% off its SMA200. CPK registered 35.96% gain for a year compared to 6-month gain of 12.69%. The firm has a 50-day simple moving average (SMA 50) of $127.0208 and a 200-day simple moving average (SMA200) of $122.203.
The stock witnessed a 7.34% loss in the last 1 month and extending the period to 3 months gives it a 9.86%, and is 6.27% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.89% over the week and 3.07% over the month.
Chesapeake Utilities Corp (CPK) has around 1200 employees, a market worth around $3.12B and $787.98M in sales. Current P/E ratio is 25.74 and Fwd P/E is 20.05. Profit margin for the company is 15.05%. Distance from 52-week low is 35.05% and -0.50% from its 52-week high. The company has generated returns on investments over the last 12 months (4.46%).
with sales reaching $248.45M over the same period.The EPS is expected to grow by 15.98% this year, but quarterly earnings will post 14.98% year-over-year. Quarterly sales are estimated to grow 1.10% in year-over-year returns.
393.0 institutions hold shares in Chesapeake Utilities Corp (CPK), with institutional investors hold 88.56% of the company’s shares. The shares outstanding are 22.79M, and float is at 22.48M with Short Float at 1.54%. Institutions hold 86.93% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.59 million shares valued at $381.18 million. The investor’s holdings represent 16.1068 of the CPK Shares outstanding. As of 2024-06-30, the second largest holder is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with 2.26 million shares valued at $240.12 million to account for 10.1463 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.84 million shares representing 8.25 and valued at over $194.94 million, while STATE STREET CORP holds 5.4348 of the shares totaling 1.21 million with a market value of $129.37 million.
Chesapeake Utilities Corp (CPK) Insider Activity
The most recent transaction is an insider sale by MADDOCK PAUL L JR, the company’s Director. SEC filings show that MADDOCK PAUL L JR sold 9,634 shares of the company’s common stock on Aug 12 ’24 at a price of $113.56 per share for a total of $1.09 million. Following the sale, the insider now owns 8363.0 shares.
Chesapeake Utilities Corp disclosed in a document filed with the SEC on Aug 13 ’24 that MADDOCK PAUL L JR (Director) sold a total of 8,363 shares of the company’s common stock. The trade occurred on Aug 13 ’24 and was made at $113.77 per share for $0.95 million. Following the transaction, the insider now directly holds 0.0 shares of the CPK stock.
Still, SEC filings show that on Aug 13 ’24, MADDOCK PAUL L JR (Director) Proposed Sale 8,363 shares at an average price of $113.77 for $0.95 million. The insider now directly holds shares of Chesapeake Utilities Corp (CPK).
