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CPK Chesapeake Utilities

Chesapeake Utilities Corporation is a diversified energy delivery compan which is engaged in natural gas transmission and distribution; electricity generation and distribution; propane gas distribution; mobile compressed natural gas (CNG) utility services and solutions; and other businesses.

Company profile

Ticker
CPK
Exchange
Website
CEO
Jeffry Householder
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
510064146

CPK stock data

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Calendar

4 May 21
30 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
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Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
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Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 John R Schimkaitis Common Stock Sell Dispose S No No 119.89 2,250 269.75K 97,124
5 May 21 Bayard Eugene H Common Stock Grant Aquire A No No 117.11 683 79.99K 34,694
5 May 21 Bresnan Thomas J Common Stock Grant Aquire A No No 117.11 683 79.99K 24,370
5 May 21 Forsythe Ronald G Jr Common Stock Grant Aquire A No No 117.11 683 79.99K 7,080
5 May 21 Hill Thomas P Jr Common Stock Grant Aquire A No No 117.11 683 79.99K 19,143

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

75.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 206 197 +4.6%
Opened positions 29 33 -12.1%
Closed positions 20 30 -33.3%
Increased positions 68 71 -4.2%
Reduced positions 80 61 +31.1%
13F shares
Current Prev Q Change
Total value 1.53B 4.88B -68.8%
Total shares 13.14M 13.29M -1.2%
Total puts 0 0
Total calls 0 2.3K EXIT
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 2.77M $321.63M +4.7%
TROW T. Rowe Price 2.39M $277.77M -0.2%
Vanguard 1.25M $145.18M +3.6%
STT State Street 548.95K $63.96M +1.3%
First Trust Advisors 518.47K $60.18M -9.0%
Dimensional Fund Advisors 471.3K $54.71M -4.4%
BK Bank Of New York Mellon 414.38K $48.1M -2.7%
Geode Capital Management 275.14K $31.94M +4.1%
GS Goldman Sachs 257.39K $29.88M -4.1%
Boston Trust Walden 244.36K $28.37M -1.0%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 2.77M +124.25K +4.7%
Ziegler Capital Management 0 -62.08K EXIT
First Trust Advisors 518.47K -51.39K -9.0%
Energy Income Partners 14.22K -51.15K -78.3%
Vanguard 1.25M +43.79K +3.6%
Sontag Advisory 37.61K +37.61K NEW
Panagora Asset Management 2.45K -37.06K -93.8%
Tortoise Capital Advisors, L.L.C. 0 -36.42K EXIT
William Blair Investment Management 60.28K -35.19K -36.9%
Tributary Capital Management 100.23K -26.81K -21.1%

Financial report summary

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Competition
RayonierWRKCoWestRock
Management Discussion
  • Chesapeake Utilities is a Delaware corporation formed in 1947. We are a diversified energy company engaged, through our operating divisions and subsidiaries, in regulated energy, unregulated energy and other businesses. We operate primarily on the Delmarva Peninsula and in Florida, Pennsylvania and Ohio and provide natural gas distribution and transmission; electric distribution and generation; propane gas distribution; mobile compressed natural gas services; steam generation; and other energy-related services.
  • In March 2020, the CDC declared a national emergency due to the rapidly growing outbreak of COVID-19. In response to this declaration and the rapid spread of COVID-19 within the United States, federal, state and local governments throughout the country imposed varying degrees of restrictions on social and commercial activity to promote social distancing in an effort to slow the spread of the illness. These restrictions significantly impacted economic conditions in the United States in 2020 and continued into 2021. At this time, restrictions continue to lift as vaccines have become more available in the United States. Regardless, Chesapeake Utilities is considered an “essential business,” which has allowed us to continue operational activities and construction projects despite any social distancing restrictions that are in place. In response to the COVID-19 pandemic and related restrictions, we implemented our pandemic response plan, which includes having all employees who can work remotely do so in order to promote social distancing and providing personal protective equipment to field employees to reduce the spread of COVID-19.
  • Impacts from the restrictions imposed in our service territories and the implementation of our pandemic response plan, included reduced consumption of energy largely in the commercial and industrial sectors, higher bad debt expenses and incremental expenses associated with COVID-19, including personal protective equipment and premium pay for field personnel. The additional operating expenses we incurred support the ongoing delivery of our essential services during these unprecedented times. In the fourth quarter of 2020, we began recording regulatory assets, as currently authorized by the Delaware and Maryland PSCs and as initially provided for by the Florida PSC, associated with the incremental expenses incurred by our natural gas and electric distribution businesses as a result of the pandemic. Despite the early changes in restrictions, we continue to operate under our pandemic response plan, monitor developments affecting employees, customers, suppliers, stockholders and take all precautions warranted to operate safely and to comply with the CDC, Occupational Safety and Health Administration, and state and local requirements in order to protect our employees, customers and the communities. Refer to Note 5, Rates and Other Regulatory Activities, for further information on the regulated assets established as a result of the incremental expenses incurred associated with COVID-19
Content analysis
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Positive
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Constraining
Legalese
Litigous
Readability
8th grade Avg
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