Black Hills Corp (NYSE:BKH) has received an average rating of “Buy” from the eleven brokerages that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $67.13.
A number of brokerages have weighed in on BKH. Williams Capital cut Black Hills from a “buy” rating to a “hold” rating and lowered their price target for the company from $75.00 to $70.00 in a research report on Friday, October 6th. Credit Suisse Group upped their price target on Black Hills from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded Black Hills from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. JPMorgan Chase & Co. upped their price target on Black Hills from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Finally, Bank of America began coverage on Black Hills in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $66.00 price target on the stock.
Shares of Black Hills (NYSE BKH) traded down $0.55 during trading hours on Tuesday, reaching $54.44. The company’s stock had a trading volume of 663,200 shares, compared to its average volume of 780,067. Black Hills has a 52-week low of $54.20 and a 52-week high of $72.02. The company has a market capitalization of $2,911.70, a PE ratio of 20.78, a price-to-earnings-growth ratio of 3.23 and a beta of 0.73. The company has a quick ratio of 0.47, a current ratio of 0.69 and a debt-to-equity ratio of 1.73.
Black Hills (NYSE:BKH) last announced its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). Black Hills had a net margin of 8.47% and a return on equity of 10.47%. The company had revenue of $342.10 million during the quarter, compared to the consensus estimate of $369.84 million. During the same quarter last year, the company earned $0.48 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. equities research analysts forecast that Black Hills will post 3.34 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of BKH. Schwab Charles Investment Management Inc. boosted its stake in Black Hills by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 338,468 shares of the utilities provider’s stock worth $22,837,000 after purchasing an additional 19,070 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Black Hills by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,950 shares of the utilities provider’s stock worth $132,000 after purchasing an additional 146 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Black Hills by 5.5% in the second quarter. Principal Financial Group Inc. now owns 227,303 shares of the utilities provider’s stock worth $15,337,000 after purchasing an additional 11,863 shares in the last quarter. Swiss National Bank boosted its stake in Black Hills by 1.6% in the second quarter. Swiss National Bank now owns 88,979 shares of the utilities provider’s stock worth $6,003,000 after purchasing an additional 1,400 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Black Hills by 5.1% in the second quarter. JPMorgan Chase & Co. now owns 4,424 shares of the utilities provider’s stock worth $298,000 after purchasing an additional 213 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors.
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About Black Hills
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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