Shares of Black Hills Corp. (NYSE:BKH) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the company. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $64.50.
BKH has been the subject of a number of analyst reports. Zacks Investment Research lowered Black Hills Corp. from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 22nd. TheStreet downgraded Black Hills Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Finally, JPMorgan Chase & Co. increased their target price 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.
Shares of Black Hills Corp. (NYSE:BKH) opened at 56.66 on Wednesday. The company’s 50 day moving average price is $59.73 and its 200-day moving average price is $60.45. Black Hills Corp. has a 1-year low of $40.00 and a 1-year high of $64.58. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 166.65 and a beta of 0.76.
Black Hills Corp. (NYSE:BKH) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 earnings per share 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 period in the prior year, the business posted $0.56 EPS. On average, equities analysts forecast that Black Hills Corp. will post $3.01 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in BKH. Advisor Group Inc. purchased a new position in Black Hills Corp. during the second quarter worth about $114,000. Invictus RG purchased a new position in Black Hills Corp. during the first quarter worth about $178,000. LS Investment Advisors LLC increased its position in Black Hills Corp. by 77.5% in the second quarter. LS Investment Advisors LLC now owns 3,095 shares of the company’s stock worth $195,000 after buying an additional 1,351 shares during the period. Gideon Capital Advisors Inc. purchased a new position in Black Hills Corp. during the second quarter worth about $205,000. Finally, BlackRock Japan Co. Ltd purchased a new position in Black Hills Corp. during the second quarter worth about $224,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.
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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