BlackRock Advisors LLC raised its position in shares of Black Hills Corp. (NYSE:BKH) by 55.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,076 shares of the company’s stock after buying an additional 36,674 shares during the period. BlackRock Advisors LLC owned 0.20% of Black Hills Corp. worth $6,498,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in BKH. Bollard Group LLC boosted its stake in Black Hills Corp. by 0.7% in the second quarter. Bollard Group LLC now owns 4,827 shares of the company’s stock worth $304,000 after buying an additional 34 shares during the period. First PREMIER Bank boosted its stake in Black Hills Corp. by 0.8% in the second quarter. First PREMIER Bank now owns 31,814 shares of the company’s stock worth $2,006,000 after buying an additional 260 shares during the period. State Treasurer State of Michigan boosted its stake in Black Hills Corp. by 1.5% in the second quarter. State Treasurer State of Michigan now owns 20,690 shares of the company’s stock worth $1,304,000 after buying an additional 300 shares during the period. Eqis Capital Management Inc. boosted its stake in Black Hills Corp. by 6.2% in the second quarter. Eqis Capital Management Inc. now owns 5,214 shares of the company’s stock worth $329,000 after buying an additional 303 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in Black Hills Corp. by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 17,142 shares of the company’s stock worth $1,081,000 after buying an additional 415 shares during the period. Institutional investors own 88.67% of the company’s stock.
Shares of Black Hills Corp. (NYSE:BKH) opened at 58.52 on Friday. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 172.12 and a beta of 0.76. The company’s 50-day moving average price is $59.52 and its 200 day moving average price is $60.40. Black Hills Corp. has a 12-month low of $40.00 and a 12-month high of $64.58.
Black Hills Corp. (NYSE:BKH) last released its earnings results on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 period last year, the firm earned $0.56 EPS. On average, equities research analysts forecast that Black Hills Corp. will post $3.01 EPS for the current fiscal year.
A number of research firms have commented on BKH. Zacks Investment Research cut Black Hills Corp. from a “hold” rating to a “sell” rating in a research note on Monday, August 8th. JPMorgan Chase & Co. increased their price target on Black Hills Corp. from $62.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. Finally, TheStreet lowered Black Hills Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $61.33.
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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