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Chesapeake Utilities suspends service disconnections amid COVID-19 pandemic » 17:11
03/16/20
03/16
17:11
03/16/20
17:11
CPK

Chesapeake Utilities

$81.18 /

-7.58 (-8.54%)

In light of the national…

In light of the national emergency declaration over the COVID-19 pandemic, Chesapeake Utilities Corporation announced the company has taken several preventative measures to help keep employees, customers and communities safe. The company's Pandemic Response Plan follows the guidance and recommendations of federal, state and local governments, health authorities and relevant industry agencies. Based on recent developments, all walk-in customer access to any of Chesapeake's natural gas, propane or electric office locations has been temporarily suspended effective at the close of business today. This suspension of walk-in traffic will continue until the COVID-19 risk has subsided. Chesapeake is taking several steps to assist its customers during the Covid-19 Pandemic. To minimize potential financial hardships, the company's regulated businesses are suspending service disconnections and waiving late payment fees until at least May 1, 2020. As a reminder to customers, the company provides alternate payment options such as pay by mail, online, over the phone and through various retail cash payment locations. Chesapeake's subsidiary, Florida Public Utilities Company, offers special payment schedules for customers who need assistance paying their bill. In addition, FPU's Budget Billing program allows customers to manage their monthly energy costs by averaging payments over a 12-month period. Chesapeake also supports its customers through its SHARING program, a nonprofit organization that provides funds to the Company's natural gas and propane gas customers living on the Delmarva Peninsula who need financial assistance to pay their gas and propane bills. Annual grants for as much as $1,000 are available to customers who meet the specific requirements.

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Conference/Events
Chesapeake Utilities management to meet with Maxim » 04:55
03/11/20
03/11
04:55
03/11/20
04:55
CPK

Chesapeake Utilities

$94.43 /

+0.95 (+1.02%)

Meeting to be held in the…

Meeting to be held in the Boston, MA on March 11 hosted by Maxim.

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Conference/Events
Chesapeake Utilities management to meet with Maxim » 08:51
03/10/20
03/10
08:51
03/10/20
08:51
CPK

Chesapeake Utilities

$93.48 /

-0.9 (-0.95%)

Meeting to be held in the…

Meeting to be held in the Boston, MA on March 11 hosted by Maxim.

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Over a month ago
Earnings
Chesapeake Utilities raises FY22 EPS view to $4.70-$4.90 from $4.20-$4.55 » 16:52
02/26/20
02/26
16:52
02/26/20
16:52
CPK

Chesapeake Utilities

$97.55 /

+2.15 (+2.25%)

Cites investments already…

Cites investments already made, those underway and the growth prospects included in the company's strategic growth plan.

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Earnings
Chesapeake Utilities reports Q4 EPS $1.37, consensus $1.14 » 16:50
02/26/20
02/26
16:50
02/26/20
16:50
CPK

Chesapeake Utilities

$97.55 /

+2.15 (+2.25%)

Reports Q4 revenue…

Reports Q4 revenue $131.97M, may not compare to consensus $215.73M.

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Conference/Events
Chesapeake Utilities management to meet with Sidoti » 04:55
01/30/20
01/30
04:55
01/30/20
04:55
CPK

Chesapeake Utilities

$95.81 /

+0.34 (+0.36%)

Meeting to be held in the…

Meeting to be held in the Mid-Atlantic area on January 30 hosted by Sidoti.

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Conference/Events
Chesapeake Utilities management to meet with Sidoti » 09:45
01/28/20
01/28
09:45
01/28/20
09:45
CPK

Chesapeake Utilities

$96.10 /

+ (+0.00%)

Meeting to be held in the…

Meeting to be held in the Mid-Atlantic area on January 30 hosted by Sidoti.

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Recommendations
Guggenheim changes eight ratings, names Exelon best idea in 2020 Utility outlook » 08:45
01/08/20
01/08
08:45
01/08/20
08:45
EXC

Exelon

$45.68 /

+0.04 (+0.09%)

, AEE

Ameren

$76.44 /

+0.28 (+0.37%)

, CPK

Chesapeake Utilities

$92.52 /

-1.23 (-1.31%)

, HE

Hawaiian Electric

$45.56 /

-0.265 (-0.58%)

, NWE

NorthWestern

$70.37 /

-0.3 (-0.42%)

, OGS

One Gas

$91.04 /

-1.05 (-1.14%)

, PPL

PPL Corp.

$35.18 /

-0.24 (-0.68%)

, ALE

Allete

$79.55 /

-0.84 (-1.04%)

, POR

Portland General Electric

$55.15 /

+0.2 (+0.36%)

, SR

Spire

$82.29 /

-0.42 (-0.51%)

, AVA

Avista

$47.37 /

-0.33 (-0.69%)

, AEP

American Electric

$93.69 /

+0.01 (+0.01%)

, ED

Consolidated Edison

$87.68 /

-0.65 (-0.74%)

, NJR

New Jersey Resources

$43.41 /

-0.26 (-0.60%)

Guggenheim analyst…

Guggenheim analyst Shahriar Pourreza noted that many of the traditional regulated utilities seen as bond proxies were relative outperformers in 2019 and he expects the same dynamics to carry into 2020, but with a "continued bend" towards cyclical energy/power levered names, which he predicts will be top quartile performers. In issuing his 2020 outlook for the Utility sector, Pourreza initiated coverage of Ameren (AEE) with a Buy rating and started coverage of Chesapeake Utilities (CPK), Hawaiian Electric (HE), NorthWestern (NWE) and ONE Gas (OGS), all with Neutral ratings. He also upgraded PPL Corp. (PPL) and Allete (ALE), each to Buy from Neutral, while downgrading Portland General Electric (POR), Spire (SR), Avista (AVA), American Electric (AEP), Consolidated Edison (ED) and New Jersey Resources (NJR) all to Sell from Neutral. Pourreza named Exelon (EXC) as his Best Idea in 2020 as he believes the market has "an unwarranted discount" and assigns a low single digit value to ExGen, which does not factor in upside from potential legislation in Illinois or Pennsylvania or the recently-ordered PJM capacity market reforms. In addition to the near-term catalysts, he also cites Exelon's valuation.

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Conference/Events
Chesapeake Utilities management to meet with Sidoti » 04:55
01/08/20
01/08
04:55
01/08/20
04:55
CPK

Chesapeake Utilities

$92.52 /

-1.23 (-1.31%)

Meeting to be held in the…

Meeting to be held in the Mid-Atlantic area on January 8 hosted by Sidoti.

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Over a quarter ago
Initiation
Chesapeake Utilities initiated with a Neutral at Guggenheim » 16:43
01/07/20
01/07
16:43
01/07/20
16:43
CPK

Chesapeake Utilities

$92.52 /

-1.23 (-1.31%)

Guggenheim analyst…

Guggenheim analyst Shahriar Pourreza initiated coverage of Chesapeake Utilities with a Neutral rating and $92 price target.

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