Chesapeake Utilities Appoints Cassel as Senior VP of Strategic Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
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Source: Newsfilter
- Leadership Change: Chesapeake Utilities Corporation appointed Michael Cassel as Senior Vice President of Strategic Development effective January 2, 2026, aiming to enhance business development and external affairs capabilities to support sustainable growth.
- Experienced Professional: Since joining in 2008, Cassel has held multiple key roles, accumulating nearly two decades of regulatory and public affairs experience, which positions him well to drive the company's capital investment and growth plans.
- Strategic Planning: In his new role, Cassel will be responsible for identifying emerging opportunities and expanding community partnerships, which will not only enhance the company's competitiveness in the market but also strengthen ties with customers and communities.
- Value Enhancement: CEO Jeff Householder noted that Cassel's success in developing rate case strategies and securing key legislative outcomes will further enhance the company's value proposition and improve system reliability.
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Analyst Views on CPK
Wall Street analysts forecast CPK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CPK is 151.17 USD with a low forecast of 141.00 USD and a high forecast of 160.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 127.300
Low
141.00
Averages
151.17
High
160.00
Current: 127.300
Low
141.00
Averages
151.17
High
160.00
About CPK
Chesapeake Utilities Corporation is a diversified energy delivery company. The Company offers sustainable energy solutions through its natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions, and other businesses. Its Regulated Energy segment includes energy distribution and transmission services (natural gas distribution, natural gas transmission and electric distribution operations). Its Unregulated Energy segment includes energy transmission, energy generation (the operations of its Eight Flags' CHP plant), propane distribution operations, mobile compressed natural gas distribution and pipeline solutions operations, and sustainable energy investments, including renewable natural gas related investments. It also includes other unregulated energy services, such as energy-related merchandise sales and heating, ventilation and air conditioning, plumbing, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Chesapeake Utilities Subsidiaries Named 2025 Utility Customer Champions
- Customer Satisfaction Recognition: Chesapeake Utilities' subsidiaries, Florida City Gas and Florida Public Utilities, have been named 2025 Utility Customer Champions, reflecting their exceptional service with a score of 769, placing them in the top decile of the industry.
- Commitment to Customers: Executives emphasize that this honor showcases the strength of their teams and their commitment to delivering safe, reliable, customer-focused service, aiming to build long-term trust with the communities they serve.
- Historic Achievement: This marks the first time Florida Public Utilities has received the Customer Champion designation, while Florida City Gas has been recognized for the fourth time, previously earning accolades such as the 2024 Customer Champion and 2023 Easiest to Do Business With Brand.
- Diverse Business Operations: Chesapeake Utilities Corporation offers sustainable energy solutions across natural gas transmission and distribution, electricity generation, and propane distribution, serving over 275,500 customers across multiple Florida counties, highlighting its diversified presence in the energy sector.
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Chesapeake Utilities Subsidiaries Named 2025 Utility Customer Champions
- Customer Satisfaction Recognition: Chesapeake Utilities' subsidiaries, Florida City Gas and Florida Public Utilities, have been named 2025 Utility Customer Champions, showcasing their exceptional performance in customer satisfaction and reflecting the commitment of their teams to deliver reliable service.
- Industry Distinction: These two utilities stand out among just 36 nationwide honorees, underscoring their strong customer experience and enhancing the company's reputation within the energy and utility sector.
- Trust Building: Both Florida City Gas and Florida Public Utilities scored 769 on Escalent's Engaged Customer Relationship Index, placing them in the top decile, which highlights their success in building customer trust and providing customer-centric support.
- Historical Achievements: This marks the fourth recognition for Florida City Gas and the first for Florida Public Utilities, demonstrating the company's ongoing efforts and accomplishments in the customer service domain.
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