Shares of Black Hills Corporation (NYSE:BKH) have earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $73.80.
A number of equities analysts recently commented on BKH shares. Zacks Investment Research upgraded shares of Black Hills Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 target price on shares of Black Hills Corporation in a research note on Wednesday, August 9th. Williams Capital boosted their target price on shares of Black Hills Corporation from $68.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Credit Suisse Group boosted their target price on shares of Black Hills Corporation from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, October 2nd. Finally, BidaskClub downgraded shares of Black Hills Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th.
Shares of Black Hills Corporation (NYSE:BKH) traded down 0.06% during mid-day trading on Friday, hitting $68.00. The stock had a trading volume of 302,787 shares. Black Hills Corporation has a 12 month low of $54.76 and a 12 month high of $72.02. The stock’s 50-day moving average is $69.43 and its 200 day moving average is $68.97. The firm has a market cap of $3.64 billion, a PE ratio of 28.39 and a beta of 0.79.
Black Hills Corporation (NYSE:BKH) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). The firm had revenue of $348.00 million for the quarter, compared to analyst estimates of $356.85 million. Black Hills Corporation had a return on equity of 10.48% and a net margin of 7.71%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. Equities research analysts predict that Black Hills Corporation will post $3.57 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in BKH. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Black Hills Corporation by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,950 shares of the utilities provider’s stock valued at $132,000 after acquiring an additional 146 shares during the last quarter. Advisor Group Inc. lifted its position in Black Hills Corporation by 7.7% in the second quarter. Advisor Group Inc. now owns 2,119 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 151 shares during the last quarter. Flinton Capital Management LLC lifted its position in Black Hills Corporation by 68.8% in the second quarter. Flinton Capital Management LLC now owns 2,592 shares of the utilities provider’s stock valued at $175,000 after acquiring an additional 1,056 shares during the last quarter. Denver Investment Advisors LLC purchased a new stake in Black Hills Corporation in the second quarter valued at $202,000. Finally, Suntrust Banks Inc. purchased a new stake in Black Hills Corporation in the second quarter valued at $202,000. 93.83% of the stock is owned by hedge funds and other institutional investors.
About Black Hills Corporation
Black Hills Corporation is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through segments, including Electric Utilities, Gas Utilities, Power Generation, Mining, Oil and Gas, and Corporate. As of December 31, 2016, the Electric Utilities segment generated, transmitted and distributed electricity to approximately 208,500 customers in South Dakota, Wyoming, Colorado and Montana.
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