Duff & Phelps Investment Management Co. Lowers Stake in Black Hills Corp. (BKH)
Duff & Phelps Investment Management Co. lowered its stake in Black Hills Corp. (NYSE:BKH) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,037,985 shares of the company’s stock after selling 520 shares during the period. Duff & Phelps Investment Management Co. owned about 2.01% of Black Hills Corp. worth $65,435,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Invictus RG bought a new stake in Black Hills Corp. during the first quarter valued at approximately $178,000. LS Investment Advisors LLC increased its stake 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 during the last quarter. Capstone Asset Management Co. bought a new stake in Black Hills Corp. during the second quarter valued at approximately $224,000. Parametrica Management Ltd bought a new stake in Black Hills Corp. during the second quarter valued at approximately $276,000. Finally, Bollard Group LLC increased its stake in Black Hills Corp. by 0.7% in the second quarter. Bollard Group LLC now owns 4,827 shares of the company’s stock valued at $304,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 88.68% of the company’s stock.
Black Hills Corp. (NYSE:BKH) traded up 1.07% on Wednesday, reaching $59.54. 228,618 shares of the company’s stock were exchanged. 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 $3.12 billion, a P/E ratio of 175.12 and a beta of 0.76. The firm has a 50-day moving average price of $59.52 and a 200-day moving average price of $60.38.
Black Hills Corp. (NYSE:BKH) last posted its earnings results on Wednesday, August 3rd. The company reported $0.39 EPS 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 quarter in the previous year, the company earned $0.56 earnings per share. Equities research analysts expect that Black Hills Corp. will post $3.01 earnings per share for the current year.
BKH has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Black Hills Corp. from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Wednesday, October 5th. JPMorgan Chase & Co. boosted their target price on shares of Black Hills Corp. from $62.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, August 5th. Finally, TheStreet downgraded shares of Black Hills Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $61.33.
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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