Black Hills Corp. (NYSE:BKH) Receives $64.67 Consensus Target Price from Brokerages
Black Hills Corp. (NYSE:BKH) has been given an average recommendation of “Buy” by the seven research firms that are covering the firm. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $64.50.
Several research firms have recently commented on BKH. Zacks Investment Research upgraded Black Hills Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Wednesday. TheStreet downgraded Black Hills Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Finally, JPMorgan Chase & Co. lifted their target price on Black Hills Corp. from $62.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, August 5th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. acquired a new position in Black Hills Corp. during the second quarter valued at $114,000. Invictus RG acquired a new position in Black Hills Corp. during the first quarter valued at $178,000. LS Investment Advisors LLC boosted 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 valued at $195,000 after buying an additional 1,351 shares in the last quarter. Gideon Capital Advisors Inc. acquired a new position in Black Hills Corp. during the second quarter valued at $205,000. Finally, Capstone Asset Management Co. acquired a new position in Black Hills Corp. during the second quarter valued at $224,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.
Black Hills Corp. (NYSE:BKH) opened at 56.66 on Wednesday. The firm’s 50-day moving average price is $59.73 and its 200-day moving average price is $60.45. The firm has a market cap of $2.96 billion, a P/E ratio of 166.65 and a beta of 0.76. Black Hills Corp. has a 52-week low of $40.00 and a 52-week high of $64.58.
Black Hills Corp. (NYSE:BKH) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ 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 company posted $0.56 EPS. Equities research analysts expect that Black Hills Corp. will post $3.01 EPS for the current year.
About Black Hills Corp.
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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