Black Hills Co. (BKH) Given Consensus Recommendation of “Hold” by Analysts

Black Hills Co. (NYSE:BKH) has received an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $64.50.

Several brokerages recently commented on BKH. Williams Capital raised Black Hills from a “hold” rating to a “buy” rating and cut their price objective for the stock from $70.00 to $62.00 in a report on Wednesday, January 10th. Zacks Investment Research raised Black Hills from a “sell” rating to a “hold” rating in a report on Tuesday, March 27th. JPMorgan Chase cut their price objective on Black Hills from $67.00 to $56.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Finally, Credit Suisse Group lowered Black Hills from an “outperform” rating to a “neutral” rating and set a $66.00 price objective for the company. in a report on Tuesday, January 9th.

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A number of large investors have recently added to or reduced their stakes in BKH. OppenheimerFunds Inc. grew its holdings in Black Hills by 18,350.6% during the fourth quarter. OppenheimerFunds Inc. now owns 1,360,544 shares of the utilities provider’s stock valued at $81,783,000 after purchasing an additional 1,353,170 shares during the period. Alliancebernstein L.P. grew its holdings in Black Hills by 45.4% during the fourth quarter. Alliancebernstein L.P. now owns 1,134,582 shares of the utilities provider’s stock valued at $68,200,000 after purchasing an additional 354,262 shares during the period. Paloma Partners Management Co bought a new stake in Black Hills during the fourth quarter valued at about $20,045,000. Franklin Resources Inc. grew its holdings in Black Hills by 63.6% during the fourth quarter. Franklin Resources Inc. now owns 817,900 shares of the utilities provider’s stock valued at $49,164,000 after purchasing an additional 317,900 shares during the period. Finally, Clearbridge LLC bought a new stake in Black Hills during the fourth quarter valued at about $14,586,000. 98.16% of the stock is owned by institutional investors and hedge funds.

Shares of Black Hills stock traded down $0.44 on Friday, reaching $54.27. The company’s stock had a trading volume of 114,081 shares, compared to its average volume of 775,791. The firm has a market cap of $2,902.66, a price-to-earnings ratio of 16.13, a PEG ratio of 3.45 and a beta of 0.52. Black Hills has a 52 week low of $50.49 and a 52 week high of $72.02. The company has a current ratio of 0.88, a quick ratio of 0.70 and a debt-to-equity ratio of 1.71.

Black Hills (NYSE:BKH) last issued its quarterly earnings data on Thursday, February 1st. The utilities provider reported $0.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.09). Black Hills had a return on equity of 10.10% and a net margin of 10.83%. The firm had revenue of $455.30 million during the quarter, compared to the consensus estimate of $504.05 million. equities research analysts forecast that Black Hills will post 3.4 EPS for the current fiscal year.

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Black Hills Company Profile

Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility company in the United States. The company's Electric Utilities segment generates, transmits, and distributes electricity to approximately 210,000 electric customers in South Dakota, Wyoming, Colorado, and Montana.

Analyst Recommendations for Black Hills (NYSE:BKH)

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