According to Zacks, “Black Hills Corporation is an energy company that generates wholesale electricity and produces natural gas, crude oil and coal. They serve natural gas and electric utility customers in Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. “
A number of other equities research analysts have also recently issued reports on BKH. Bank of America Corp. restated a buy rating on shares of Black Hills Corp. in a report on Tuesday, May 24th. JPMorgan Chase & Co. upped their price target on shares of Black Hills Corp. from $62.00 to $67.00 and gave the company 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The stock has an average rating of Buy and an average target price of $62.17.
Black Hills Corp. (NYSE:BKH) opened at 62.91 on Tuesday. Black Hills Corp. has a 12-month low of $38.86 and a 12-month high of $64.58. The stock’s 50 day moving average price is $59.38 and its 200 day moving average price is $60.28. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 185.03 and a beta of 0.71.
Black Hills Corp. (NYSE:BKH) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.14. Black Hills Corp. had a net margin of 1.22% and a return on equity of 9.94%. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, equities research analysts anticipate that Black Hills Corp. will post $3.01 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 18th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, August 16th. Black Hills Corp.’s dividend payout ratio (DPR) is presently 646.18%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. WFG Advisors LP raised its position in Black Hills Corp. by 0.6% in the second quarter. WFG Advisors LP now owns 4,197 shares of the company’s stock valued at $265,000 after buying an additional 23 shares during the period. Bollard Group LLC raised its position in Black Hills Corp. by 0.7% in the second quarter. Bollard Group LLC now owns 4,827 shares of the company’s stock valued at $304,000 after buying an additional 34 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in Black Hills Corp. by 2.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,773 shares of the company’s stock valued at $167,000 after buying an additional 68 shares during the period. First PREMIER Bank raised its position in Black Hills Corp. by 0.8% in the second quarter. First PREMIER Bank now owns 31,814 shares of the company’s stock valued at $2,006,000 after buying an additional 260 shares during the period. Finally, State Treasurer State of Michigan raised its position 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 valued at $1,304,000 after buying an additional 300 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.
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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