Chesapeake Utilities Intrinsic Value Calculator – Citadel Advisors LLC Increases Holdings in Chesapeake Utilities Co. by 17.8% in Q3 2023.
March 20, 2023
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Chesapeake Utilities ($NYSE:CPK) Co. experienced a significant ownership increase in the third quarter of 2023, with Citadel Advisors LLC increasing their stake by 17.8 percent. This move places their total holdings at $10.93 million, which is the highest in history for the firm. The move by Citadel Advisors LLC comes as a sign of confidence in the utility and energy services provider, which is based in Delaware and provides natural gas, electricity, propane, and other related services to residential, commercial, and industrial customers in the Mid-Atlantic region. The move to increase their holdings in Chesapeake Utilities Co. marks a significant step forward for the firm as they are now in a much stronger financial position.
This will allow them to continue providing the reliable services their customers have come to expect and to remain competitive in the marketplace. With this move, Citadel Advisors LLC has shown their commitment to the long-term success of Chesapeake Utilities Co., and investors can feel confident knowing that their investments are secure.
Market Price
On Wednesday, the stock opened at $125.4 and closed at $128.0, representing a 1.1% increase from the previous closing price of 126.6. The move was seen by analysts as a sign of optimism in the company’s future prospects. As a result, Chesapeake Utilities Corporation’s share price saw a modest increase on the day. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Chesapeake Utilities. More…
| Total Revenues | Net Income | Net Margin |
| 680.7 | 89.8 | 13.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Chesapeake Utilities. More…
| Operations | Investing | Financing |
| 158.88 | -136.45 | -21.21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Chesapeake Utilities. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.22k | 1.38k | 46.94 |
Key Ratios Snapshot
Some of the financial key ratios for Chesapeake Utilities are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.4% | 10.4% | 21.0% |
| FCF Margin | ROE | ROA |
| 4.5% | 10.8% | 4.0% |
Analysis – Chesapeake Utilities Intrinsic Value Calculator
At GoodWhale, we have performed an analysis of CHESAPEAKE UTILITIES‘ financials and have determined that the intrinsic value of a share of CHESAPEAKE UTILITIES is around $135.2, calculated using our proprietary Valuation Line. Currently, CHESAPEAKE UTILITIES stock is trading at $128.0. This presents an interesting opportunity, as the stock is undervalued by 5.3%. Therefore, this may be a good time to invest in CHESAPEAKE UTILITIES shares. More…
Peers
The competition between Chesapeake Utilities Corp and its competitors is fierce. CF Energy Corp, Alliant Energy Corp, AS Latvijas Gaze are all fighting for market share in the competitive landscape.
– CF Energy Corp ($TSXV:CFY)
Calgary-based Cenovus Energy Inc. is a Canadian integrated oil and gas company. It is engaged in the development, production and marketing of crude oil, natural gas and natural gas liquids in Canada. Cenovus has two major operating areas: the oil sands in northern Alberta, which it uses advanced in situ methods to produce bitumen (a heavy oil), and its conventional oil and gas assets in Alberta and Saskatchewan. The company also has a 50% interest in two U.S. refineries.
– Alliant Energy Corp ($NASDAQ:LNT)
Alliant Energy Corporation is a public utility holding company that owns two electric and natural gas utilities, serving more than one million customers in Iowa and Wisconsin. Alliant Energy’s mission is to deliver the energy solutions and services customers and communities count on – safely, efficiently and responsibly. The company’s ROE is 10.06%.
– AS Latvijas Gaze ($LTS:0J4R)
Latvijas Gaze is a Latvian natural gas utility company. It is the largest Latvian gas supplier, with a market share of around 70%. The company is also the largest shareholder of Conexus Baltic Grid, the operator of Latvia’s natural gas transmission and storage system.
Latvijas Gaze has a market capitalization of 319.2 million as of 2022. The company’s return on equity was 12.15% as of the same year.
Latvijas Gaze is engaged in the import, export, storage, and distribution of natural gas in Latvia. The company also owns and operates a gas transmission system and a gas storage facility in the country. In addition, Latvijas Gaze provides gas-related services, such as gas metering, gas quality testing, and gas safety inspection.
Summary
This indicates a strong bullish sentiment towards the company, as the Investment firm has shown willingness to increase its stake despite the challenging economic climate. Analysts believe the company has the potential to provide attractive returns due to its diversified portfolio of regulated and non-regulated businesses. In addition, its earnings prospects remain strong due to the company’s focus on cost control and capital investments. Overall, Chesapeake Utilities Co. is considered a favorable investment option in the near term.
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