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

By Carrie Williams

Wells Fargo analyst Sarah Akers maintained a Hold rating on Chesapeake Utilities (CPKResearch Report) on December 6. The company’s shares closed last Monday at $93.05.

According to TipRanks.com, Akers is a 4-star analyst with an average return of 9.9% and a 80.0% success rate. Akers covers the Utilities sector, focusing on stocks such as Pinnacle West Capital, Centerpoint Energy, and Dominion Resources.

Currently, the analyst consensus on Chesapeake Utilities is a Moderate Buy with an average price target of $110.00.

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Based on Chesapeake Utilities’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $5.62 million. In comparison, last year the company had a net profit of $5.54 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.