Wells Fargo analyst Sarah Akers maintained a Hold rating on Chesapeake Utilities Corp (CPK) yesterday. The company’s shares closed on Friday at $90.82, close to its 52-week high of $93.40.
According to TipRanks.com, Akers is a 4-star analyst with an average return of 10.4% and a 93.3% success rate. Akers covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Centerpoint Energy, and Dominion Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chesapeake Utilities Corp with a $93 average price target.
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Based on Chesapeake Utilities Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $17.8 million. In comparison, last year the company had a net profit of $26.1 million.
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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 Regulated Energy and Unregulated Energy segments. The Regulated Energy segment distributes and transmits gas, natural gas, and electricity.
