Chesapeake Utilities stock hits 52-week high at $134.93

Chesapeake Utilities Corporation (NYSE:CPK) stock soared to a 52-week high, reaching a price level of $134.93, with an impressive market capitalization of $3.1 billion. According to InvestingPro data, the company maintains a robust financial health score of "GOOD." This peak reflects a significant uptrend for the company, which has seen its stock value climb by an impressive 33.95% over the past year. The company's strong momentum is supported by solid fundamentals, including a 17.4% revenue growth and an 8.5% dividend growth over the last twelve months. Investors have shown increased confidence in Chesapeake Utilities, a diversified energy company, as it continues to expand its operations and deliver robust financial performance amidst a dynamic energy market. Notable is the company's 21-year streak of consecutive dividend increases, as revealed by InvestingPro's analysis. The 52-week high milestone underscores the company's strong market position and the positive sentiment among shareholders regarding its growth prospects. With a P/E ratio of 25.3 and analysts forecasting continued profitability, investors seeking deeper insights can access comprehensive valuation metrics and additional ProTips through InvestingPro's detailed research reports.

In other recent news, Chesapeake Utilities Corporation reported its fourth-quarter 2024 earnings, which fell short of analyst expectations. The company announced an earnings per share (EPS) of $1.60, missing the forecasted $1.67, and revenue of $215 million, which was below the anticipated $231.35 million. Despite the quarterly miss, Chesapeake Utilities demonstrated strong full-year performance, with a 25% increase in adjusted gross margin to $567 million and a 24% rise in adjusted net income to $122 million. The company continues to invest heavily, with a five-year capital expenditure plan of $1.5 to $1.8 billion.

At its 2025 Investor Day, Chesapeake Utilities reaffirmed its 2025 adjusted EPS guidance of $6.15 to $6.35, indicating a 14-18% increase over 2024. The event highlighted growth opportunities following the acquisition of Florida City Gas, emphasizing potential expansion in Florida and Delmarva. In terms of regulatory updates, the company received approval for several projects, including the Miami Interloop series, aimed at expanding natural gas infrastructure. Chesapeake Utilities' strategic focus remains on capital deployment, regulatory management, and business transformation, as noted by executives during the earnings call. The company maintains a proactive approach to regulatory matters, with recent filings for rate increases and depreciation studies in various jurisdictions.

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