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.
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.
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.
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