Tufton Capital Increases Stake in Chesapeake Utilities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6h ago
0mins
Source: NASDAQ.COM
- Share Increase: Tufton Capital Management disclosed an increase of 23,304 shares in Chesapeake Utilities in a January 28 SEC filing, with an estimated transaction value of $3.07 million, indicating confidence in the company.
- Value Appreciation: The quarter-end value of Chesapeake Utilities' stake rose by $2.20 million, reflecting both new shares and market price changes, showcasing the company's robust performance during its capital-intensive growth phase.
- Earnings Growth: Chesapeake Utilities reported a third-quarter net income of $19.4 million, or $0.82 per share, demonstrating strong growth from organic gas distribution and infrastructure investments, with management reaffirming 2025 adjusted EPS guidance of $6.15 to $6.35.
- Market Performance Analysis: Despite a 5.15% increase in Chesapeake Utilities' stock price over the past year, it lags the S&P 500 by about 11 percentage points, reflecting a slower market response to its stable cash flows and infrastructure-driven growth model.
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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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