Black Hills Corp (BKH) Receives $68.40 Consensus PT from Brokerages

Black Hills Corp (NYSE:BKH) has been given an average recommendation of “Buy” by the nine research firms that are covering the company. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $68.40.

A number of research firms have recently issued reports on BKH. Zacks Investment Research downgraded shares of Black Hills Corp from a “hold” rating to a “sell” rating in a report on Monday, April 10th. Royal Bank of Canada reaffirmed a “buy” rating and set a $70.00 price objective on shares of Black Hills Corp in a report on Friday, March 17th. Credit Suisse Group AG began coverage on shares of Black Hills Corp in a report on Wednesday, January 25th. They set an “outperform” rating and a $69.00 price objective for the company. Finally, TheStreet raised shares of Black Hills Corp from a “c+” rating to a “b” rating in a report on Tuesday, January 17th.

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Black Hills Corp (NYSE:BKH) traded up 0.07% on Monday, hitting $67.33. The stock had a trading volume of 454,300 shares. Black Hills Corp has a 12-month low of $54.76 and a 12-month high of $68.63. The company has a market capitalization of $3.59 billion, a PE ratio of 49.15 and a beta of 0.71. The company has a 50 day moving average of $66.24 and a 200 day moving average of $62.02.

Black Hills Corp (NYSE:BKH) last announced its quarterly earnings results on Wednesday, February 1st. The utilities provider reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.08. Black Hills Corp had a net margin of 4.65% and a return on equity of 10.39%. The firm earned $463.80 million during the quarter, compared to the consensus estimate of $536.20 million. During the same period last year, the firm earned $0.71 EPS. The business’s quarterly revenue was up 45.7% compared to the same quarter last year. On average, equities analysts expect that Black Hills Corp will post $3.54 earnings per share for the current year.

In other Black Hills Corp news, SVP Jennifer C. Landis bought 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The shares were bought at an average price of $60.85 per share, for a total transaction of $73,020.00. Following the transaction, the senior vice president now directly owns 5,917 shares in the company, valued at $360,049.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. Retirement Systems of Alabama boosted its position in shares of Black Hills Corp by 0.4% in the first quarter. Retirement Systems of Alabama now owns 68,918 shares of the utilities provider’s stock worth $4,581,000 after buying an additional 286 shares during the last quarter. Bollard Group LLC boosted its position in shares of Black Hills Corp by 0.7% in the first quarter. Bollard Group LLC now owns 4,928 shares of the utilities provider’s stock worth $328,000 after buying an additional 33 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Black Hills Corp by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the utilities provider’s stock worth $897,000 after buying an additional 400 shares during the last quarter. Honkamp Krueger Financial Services Inc. boosted its position in shares of Black Hills Corp by 881.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 39,850 shares of the utilities provider’s stock worth $2,649,000 after buying an additional 35,789 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of Black Hills Corp by 28.8% in the first quarter. Capstone Asset Management Co. now owns 4,869 shares of the utilities provider’s stock worth $324,000 after buying an additional 1,090 shares during the last quarter. Institutional investors own 89.27% 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 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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