Black Hills (BKH) Stock Rating Reaffirmed by Williams Capital

Black Hills (NYSE:BKH)‘s stock had its “hold” rating reissued by investment analysts at Williams Capital in a research report issued on Monday. Williams Capital also issued estimates for Black Hills’ FY2020 earnings at $3.60 EPS.

A number of other analysts also recently weighed in on the company. ValuEngine upgraded Black Hills from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Zacks Investment Research upgraded Black Hills from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Monday, February 11th. Credit Suisse Group set a $72.00 price target on Black Hills and gave the company a “hold” rating in a research note on Tuesday, March 5th. Bank of America raised Black Hills from an “underperform” rating to a “neutral” rating and set a $69.00 price objective for the company in a report on Monday, February 11th. Finally, Scotiabank cut Black Hills from a “sector perform” rating to a “sell” rating in a report on Wednesday, December 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $65.43.

Shares of BKH stock opened at $71.85 on Monday. Black Hills has a twelve month low of $51.83 and a twelve month high of $73.61. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 4.55 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 1.29.

Black Hills (NYSE:BKH) last announced its earnings results on Thursday, February 7th. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. Black Hills had a return on equity of 9.75% and a net margin of 14.73%. The company had revenue of $501.20 million for the quarter, compared to the consensus estimate of $466.97 million. During the same period last year, the business posted $0.98 EPS. The company’s revenue was up 10.1% on a year-over-year basis. On average, equities analysts expect that Black Hills will post 3.43 EPS for the current year.

In related news, insider David R. Emery sold 2,143 shares of Black Hills stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $70.14, for a total transaction of $150,310.02. Following the completion of the transaction, the insider now directly owns 205,306 shares of the company’s stock, valued at $14,400,162.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Black Hills by 5.3% in the fourth quarter. BlackRock Inc. now owns 7,869,750 shares of the utilities provider’s stock worth $494,062,000 after acquiring an additional 398,122 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Black Hills by 1.6% in the third quarter. Vanguard Group Inc. now owns 5,162,066 shares of the utilities provider’s stock worth $299,865,000 after acquiring an additional 81,321 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Black Hills by 1.6% in the third quarter. Vanguard Group Inc now owns 5,162,066 shares of the utilities provider’s stock worth $299,865,000 after acquiring an additional 81,321 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Black Hills by 3.6% in the third quarter. Franklin Resources Inc. now owns 1,741,864 shares of the utilities provider’s stock worth $101,185,000 after acquiring an additional 59,852 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Black Hills by 21.7% in the third quarter. Alliancebernstein L.P. now owns 1,350,389 shares of the utilities provider’s stock worth $78,444,000 after acquiring an additional 240,640 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

About Black Hills

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through Electric Utilities, Gas Utilities, Power Generation, and Mining segments. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 212,000 electric customers in Colorado, Montana, South Dakota, and Wyoming, as well as provides electrical system construction services to large industrial customers.

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Analyst Recommendations for Black Hills (NYSE:BKH)

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