Last $48.76 USD
Change Today -2.63 / -5.12%
Volume 60.2K
CPK On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

chesapeake utilities corp (CPK) Snapshot

Open
$51.26
Previous Close
$51.39
Day High
$51.51
Day Low
$48.70
52 Week High
12/29/14 - $52.66
52 Week Low
02/10/14 - $37.49
Market Cap
711.1M
Average Volume 10 Days
40.1K
EPS TTM
$2.48
Shares Outstanding
14.6M
EX-Date
12/11/14
P/E TM
19.6x
Dividend
$1.08
Dividend Yield
2.19%
Current Stock Chart for CHESAPEAKE UTILITIES CORP (CPK)

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chesapeake utilities corp (CPK) Details

Chesapeake Utilities Corporation operates as a diversified energy company. The company operates in three segments: Regulated Energy, Unregulated Energy, and Other. The Regulated Energy segment distributes natural gas in Delaware, Maryland and Florida; distributes electricity in Florida; and transmits natural gas on the Delmarva Peninsula and in Florida. The Unregulated Energy segment wholesales and distributes propane; and markets natural gas. This segment also provides other unregulated energy services, such as energy-related merchandise sales; heating, ventilation and air conditioning; plumbing; and electrical services. The Other segment provides information technology services and solutions for enterprise and e-business applications. The company serves residential, industrial, commercial, and wholesale clients. Chesapeake Utilities Corporation was founded in 1859 and is headquartered in Dover, Delaware.

842 Employees
Last Reported Date: 03/6/14
Founded in 1859

chesapeake utilities corp (CPK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $430.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $282.3K
Senior Vice President and President of Easter...
Total Annual Compensation: $317.5K
President of Florida Public Utilities Company
Total Annual Compensation: $271.3K
Senior Vice President of Strategic Developmen...
Total Annual Compensation: $232.3K
Compensation as of Fiscal Year 2013.

chesapeake utilities corp (CPK) Key Developments

Chesapeake Utilities Corporation Enters into Credit Agreement with Citizens Bank, National Association

On December 29, 2014, Chesapeake Utilities Corporation entered into a Credit Agreement (the Credit Agreement) with Citizens Bank, National Association (the Bank). Under the terms of the Credit Agreement, the company issued an unsecured Revolving Line of Credit Promissory Note (the Promissory Note), pursuant to which the company may borrow up to $35 million. The promissory note has a termination date (the Termination Date) of December 22, 2015. The company may borrow and repay the promissory note in multiple increments and intervals not to exceed the $35 million. Borrowings under this Credit Agreement will be used for general corporate and working capital purposes. Borrowings under this credit facility will bear interest at a rate equal to LIBOR plus 85 basis points or at the Bank's prime rate (as defined under the Credit Agreement), as selected by the company in its discretion. All accrued but unpaid interest due under the promissory note is payable on the termination date. With the addition of the $35 million new credit facility and a $10 million increase in another existing credit facility, the company now has an aggregate of $210 million of credit available under unsecured short-term credit facilities for general corporate and working capital purposes. The short-term credit facilities bear interest at LIBOR plus applicable margins of 80 basis points to 125 basis points.

Chesapeake Utilities Corporation Approves the Amendments to the Articles of Association

The board of directors of Chesapeake Utilities Corporation approved and adopted an amendment to Article III, Section 3.4 of the company's amended and restated bylaws, which amendment was effective as of the date of such approval.

Chesapeake Utilities Corporation Declares Quarterly Cash Dividend, Payable on January 5, 2015

The Board of Directors of Chesapeake Utilities Corporation has declared a quarterly cash dividend of $0.27 per share on the company's common stock. The $0.27 per share dividend will be paid on January 5, 2015 to all shareholders of record at the close of business on December 15, 2014.

 

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Industry Analysis

CPK

Industry Average

Valuation CPK Industry Range
Price/Earnings 21.0x
Price/Sales 1.5x
Price/Book 2.5x
Price/Cash Flow 12.1x
TEV/Sales 1.0x
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