Shares of Black Hills Corp. (NYSE:BKH) have earned a consensus rating of “Buy” from the seven brokerages that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $64.67.
A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Black Hills Corp. from a “strong-buy” rating to a “hold” rating in a report on Friday, July 22nd. JPMorgan Chase & Co. increased their target price on shares of Black Hills Corp. from $62.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, August 5th. Finally, TheStreet cut shares of Black Hills Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th.
Shares of Black Hills Corp. (NYSE:BKH) traded up 0.789% on Wednesday, reaching $58.105. 265,038 shares of the company were exchanged. Black Hills Corp. has a 12 month low of $40.00 and a 12 month high of $64.58. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 170.897 and a beta of 0.76. The company’s 50-day moving average price is $59.84 and its 200 day moving average price is $60.50.
Black Hills Corp. (NYSE:BKH) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by $0.14. Black Hills Corp. had a return on equity of 9.94% and a net margin of 1.22%. During the same quarter last year, the company earned $0.56 EPS. On average, equities research analysts expect that Black Hills Corp. will post $3.01 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. acquired a new position in shares of Black Hills Corp. during the second quarter worth about $114,000. Invictus RG acquired a new position in shares of Black Hills Corp. during the first quarter worth about $178,000. LS Investment Advisors LLC raised its position in shares of Black Hills Corp. by 77.5% in the second quarter. LS Investment Advisors LLC now owns 3,095 shares of the company’s stock worth $195,000 after buying an additional 1,351 shares during the period. Gideon Capital Advisors Inc. acquired a new position in shares of Black Hills Corp. during the second quarter worth about $205,000. Finally, BlackRock Japan Co. Ltd acquired a new position in shares of Black Hills Corp. during the second quarter worth about $224,000. Institutional investors and hedge funds own 88.67% of the company’s stock.
Black Hills Corp. Company Profile
Black Hills Corporation is a holding company. The Company is an integrated energy company, which operates in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group consists of regulated Electric Utilities and regulated Gas Utilities segments, and the Company’s Non-regulated Energy Group consists of Power Generation, Coal Mining, and Oil and Gas segments.
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