Wells Fargo Reaffirms Their Hold Rating on Chesapeake Utilities (CPK)

Wells Fargo analyst Sarah Akers maintained a Hold rating on Chesapeake Utilities (CPKResearch Report) on November 24 and set a price target of $101.00. The company’s shares closed last Friday at $92.69.

Akers covers the Utilities sector, focusing on stocks such as Atmos Energy, Dominion Energy, and Chesapeake Utilities. According to TipRanks, Akers has an average return of 6.8% and a 68.42% success rate on recommended stocks.

Chesapeake Utilities has an analyst consensus of Moderate Buy, with a price target consensus of $115.83.

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Based on Chesapeake Utilities’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $131.55 million and a net profit of $9.41 million. In comparison, last year the company earned a revenue of $131.05 million and had a net profit of $9.66 million

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Chesapeake Utilities (CPK) Company Description:

Chesapeake Utilities Corp. engages in the distribution and transmission of natural gas, propane and electricity; and generation of electricity and steam. It operates through the following segments: Regulated Energy and Unregulated Energy. The Regulated Energy segment distributes and transmits gas, natural gas, and electricity. The Unregulated Energy segment markets and sells propane, crude oil, and natural gas. The company was founded in 1947 and is headquartered in Dover, DE.

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