BTIG analyst Alex Kania has maintained their neutral stance on CPK stock, giving a Hold rating on November 8.
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Alex Kania has given his Hold rating due to a combination of factors influencing Chesapeake Utilities. One of the primary considerations is the company’s consistent growth trajectory, with its 2028 earnings per share (EPS) guidance remaining steady. However, there are concerns regarding the Florida City Gas depreciation case, which could impact the company’s 2025 results. The outcome of this case is uncertain and could affect Chesapeake’s ability to recognize certain financial benefits.
Additionally, while Chesapeake Utilities has shown strong customer growth in its regulated service territories, the valuation of the stock is near the upper range compared to its peers. This high valuation, coupled with the uncertainties surrounding the depreciation case, has led to a cautious approach. As such, Kania has maintained a Hold rating, reflecting both the potential for growth and the risks associated with the current financial and regulatory environment.
According to TipRanks, Kania is a 2-star analyst with an average return of 2.9% and a 44.44% success rate.
In another report released on November 8, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $145.00 price target.