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Chesapeake Utilities Corporation

Chesapeake Utilities Corporation (CPK)

106.40
-0.61
(-0.57%)
Closed July 07 4:00PM
106.41
0.01
(0.01%)
After Hours: 7:59PM

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Key stats and details

Current Price
106.40
Bid
-
Ask
-
Volume
119,026
106.29 Day's Range 107.84
83.795 52 Week Range 124.72
Market Cap
Previous Close
107.01
Open
106.70
Last Trade
17579
@
106.4
Last Trade Time
Financial Volume
$ 12,725,091
VWAP
106.9102
Average Volume (3m)
91,547
Shares Outstanding
22,270,177
Dividend Yield
2.27%
PE Ratio
27.17
Earnings Per Share (EPS)
3.92
Revenue
670.6M
Net Profit
87.21M

About Chesapeake Utilities Corporation

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 ... 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. Show more

Sector
Natural Gas Transmis & Distr
Industry
Natural Gas Transmis & Distr
Website
Headquarters
Wilmington, Delaware, USA
Founded
1970
Chesapeake Utilities Corporation is listed in the Natural Gas Transmis & Distr sector of the New York Stock Exchange with ticker CPK. The last closing price for Chesapeake Utilities was $107.01. Over the last year, Chesapeake Utilities shares have traded in a share price range of $ 83.795 to $ 124.72.

Chesapeake Utilities currently has 22,270,177 shares outstanding. The market capitalization of Chesapeake Utilities is $2.38 billion. Chesapeake Utilities has a price to earnings ratio (PE ratio) of 27.17.

CPK Latest News

Chesapeake Utilities Subsidiary Completes First Renewable Natural Gas Injections from Full Circle Dairy Facility in Florida

Chesapeake Utilities Subsidiary Completes First Renewable Natural Gas Injections from Full Circle Dairy Facility in Florida PR Newswire DOVER, Del., June 26, 2024 DOVER, Del., June 26, 2024...

Chesapeake Utilities Corporation Named Best for Corporate Governance in the United States for the Second Time

Chesapeake Utilities Corporation Named Best for Corporate Governance in the United States for the Second Time PR Newswire DOVER, Del., June 25, 2024 DOVER, Del., June 25, 2024 /PRNewswire/...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.43-0.402508658616106.83108.73104.56157123107.0147834CS
4-1.95-1.79972311952108.35109.75102.64108642106.01478279CS
125.45.34653465347101114.2998.3291547107.41352609CS
262.342.24870267154104.06114.2998.245118543104.57684512CS
52-12.47-10.490451754118.87124.7283.795133571101.17280312CS
156-15.35-12.6078028747121.75146.383.79588152113.95167914CS
26012.112.831389183594.3146.369.4784627106.75725773CS

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CPK Discussion

View Posts
sc00pnDump sc00pnDump 9 months ago
8k out
👍️0
Emerging Growth Emerging Growth 11 years ago
Morgan Stanley (NYSE: MS) recently released research that suggests it could take years for unemployment to reach a level that will prompt the Fed to finally raise rates. In December the Federal Open Market Committee established a rate of 6.5% as the target at which it will begin raising the Fed funds rate (currently 0 to 0.25%). The middle-of-the-road scenario, which assumes no change in the labor force participation rate (now 63.6%) and average job creation of 150,000 monthly, projects 6.58 years.

There are multiple variables, of course. A falling participation rate—which ironically enough would typically be prompted by a worsening economy—could bring unemployment to 6.5% sooner, assuming poorer conditions did not simultaneously crush job creation. Conversely, a rise in the participation rate back to the 2012 level of 64.2% would turn that 6.5 year timeline into 16 years if there were no corresponding improvement in job creation. The Fed’s own figures show unemployment falling by 0.22% annually if GDP growth is in the 2.25% to 2.75% range, which also puts 6.5% between five and six years away.

A predictable interest rate environment has many implications, but we’re going to examine what it means for a very capital-intensive industry: utilities. Aside from the direct benefit of low rates for financing equipment upgrades and expansion, with paltry rates on most fixed income investments a solid, dividend-paying sector like utilities becomes more attractive.

One candidate is Chesapeake Utilities Corp. (NYSE:CPK), not to be confused with the much larger Chesapeake Energy (NYSE:CHK). Chesapeake Utilities is engaged in natural gas and some electric distribution up and down the Eastern Seaboard from Delaware to Florida, and also operates natural gas pipelines in the Northeast. With low long-term natural gas prices, the lion’s share of new electrical generation is based on natural gas, and there is an opportunity to replace higher-priced home heating options like heating oil with cheaper and more environmentally friendly gas.

Chesapeake is now at a P/E of 17.1, slightly below the 18.5 of its peer group. What is striking is that its long-term debt to equity is 0.4 compared to 0.8 for its peer group and 1.1 for the industry. This means the company has the elbow room to accomplish infrastructure upgrades or expansion with inexpensive capital.

At this point the stock is only 2.15% off its 52-week high, its last close at 47.87, and for most of the first half of 2012 it traded in a range between 40 and 43. Consequently, it will need to come down slightly to be a bargain. Chesapeake is paying a 0.365 quarterly dividend.

Water is an increasingly contested resource in many parts of the world and even the U.S., particularly the West. One company providing water to what are essentially captive markets is Consolidated Water Co., Ltd. (NASDAQ:CWCO). Consolidated operates in Belize, the Bahamas, the Caymans, and the British Virgin Islands, providing retail and commercial water supplies with seawater desalinization plants. Thomson Reuters upgraded the stock on January 11, but it is still at a 4 out of 10 (the low end of neutral); Second Opinion upgraded Consolidated to Long on January 14.

At this point the stock is only 6.06% off its 52-week high but 27.31% off its 52-week low, so based on price performance over the trailing twelve months, it seems likely that Consolidated will head lower soon, at which point it will become a better buy. Its P/E of 19.2 is slightly below the industry average of 20.8, but more significantly, like Chesapeake Consolidated has minimal debt at this time. Total debt to equity is only 0.1 versus 3.3 for its peers, which means it is well-positioned to take advantage of low capital market rates.

Utilities in general have suffered from the weak housing market, but for companies like these that have low long-term debt ratios the current low-cost capital market offers an opportunity. Should either of them decide to leverage this opportunity, such a move would make them even more attractive.

See the full story and more here... http://emerginggrowth.com/investing_today/years-of-low-interest-rates-ahead-check-out-dividend-paying-utilities/01/24/2013
👍️0
Penny Roger$ Penny Roger$ 12 years ago
~ Monday! $CPK ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $CPK ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=CPK&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=CPK&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=CPK
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CPK#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CPK+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CPK
Finviz: http://finviz.com/quote.ashx?t=CPK
~ BusyStock: http://busystock.com/i.php?s=CPK&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=CPK >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.
👍️0
frenchee frenchee 16 years ago
CPK just might have made a double bottom today...
👍️0

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