Northern Trust Corp grew its holdings in Black Hills Corporation (NYSE:BKH) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 844,566 shares of the utilities provider’s stock after purchasing an additional 28,213 shares during the quarter. Northern Trust Corp owned approximately 1.58% of Black Hills Corporation worth $56,983,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Black Hills Corporation by 8.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,950 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 146 shares during the last quarter. Denver Investment Advisors LLC bought a new position in shares of Black Hills Corporation in the 2nd quarter valued at about $202,000. World Asset Management Inc bought a new position in shares of Black Hills Corporation in the 1st quarter valued at about $218,000. HighTower Advisors LLC boosted its stake in shares of Black Hills Corporation by 12.8% in the 1st quarter. HighTower Advisors LLC now owns 3,885 shares of the utilities provider’s stock valued at $261,000 after purchasing an additional 441 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Black Hills Corporation in the 2nd quarter valued at about $271,000. 93.83% of the stock is currently owned by institutional investors.

Shares of Black Hills Corporation (NYSE BKH) opened at 69.15 on Friday. The firm has a market capitalization of $3.70 billion, a P/E ratio of 28.87 and a beta of 0.79. The company has a 50 day moving average of $69.56 and a 200-day moving average of $68.89. Black Hills Corporation has a 12 month low of $54.76 and a 12 month high of $72.02.

Black Hills Corporation (NYSE:BKH) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.10). Black Hills Corporation had a net margin of 7.71% and a return on equity of 10.48%. The company had revenue of $348.00 million during the quarter, compared to the consensus estimate of $356.85 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. Analysts predict that Black Hills Corporation will post $3.57 EPS for the current year.

Several research analysts have recently issued reports on BKH shares. Zacks Investment Research raised shares of Black Hills Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $73.00 target price on shares of Black Hills Corporation in a research note on Wednesday, August 9th. Williams Capital raised their target price on shares of Black Hills Corporation from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, June 19th. Credit Suisse Group AG raised their target price on shares of Black Hills Corporation from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday. Finally, BidaskClub lowered shares of Black Hills Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Black Hills Corporation has a consensus rating of “Buy” and a consensus price target of $75.00.

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Black Hills Corporation 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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Institutional Ownership by Quarter for Black Hills Corporation (NYSE:BKH)

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