Black Hills Corp (NYSE:BKH) has been assigned an average rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $64.50.

A number of equities research analysts recently issued reports on BKH shares. Bank of America started coverage on shares of Black Hills in a research note on Tuesday, October 24th. They set an “underperform” rating and a $66.00 price target on the stock. Wells Fargo & Co started coverage on shares of Black Hills in a research note on Friday, October 27th. They set a “market perform” rating and a $58.00 price target on the stock. Royal Bank of Canada decreased their price target on shares of Black Hills from $72.00 to $64.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. Credit Suisse Group reaffirmed an “outperform” rating and set a $66.00 price target (down previously from $77.00) on shares of Black Hills in a research note on Monday, November 6th. They noted that the move was a valuation call. Finally, Williams Capital raised shares of Black Hills from a “hold” rating to a “buy” rating and decreased their price target for the company from $70.00 to $62.00 in a research note on Wednesday, January 10th.

Several institutional investors and hedge funds have recently made changes to their positions in BKH. JPMorgan Chase & Co. raised its stake in shares of Black Hills by 5.1% in the second quarter. JPMorgan Chase & Co. now owns 4,424 shares of the utilities provider’s stock valued at $298,000 after acquiring an additional 213 shares during the period. California Public Employees Retirement System raised its stake in shares of Black Hills by 4.9% in the second quarter. California Public Employees Retirement System now owns 88,600 shares of the utilities provider’s stock valued at $5,978,000 after acquiring an additional 4,100 shares during the period. Suntrust Banks Inc. purchased a new stake in shares of Black Hills in the second quarter valued at $202,000. Advisor Group Inc. raised its stake in shares of Black Hills by 7.7% in the second quarter. Advisor Group Inc. now owns 2,119 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 151 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Black Hills by 5.9% in the second quarter. Parametric Portfolio Associates LLC now owns 87,962 shares of the utilities provider’s stock valued at $5,935,000 after acquiring an additional 4,869 shares during the period. 92.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of Black Hills (NYSE:BKH) traded down $0.92 during trading hours on Friday, hitting $52.25. 319,358 shares of the company were exchanged, compared to its average volume of 1,024,803. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 1.73. Black Hills has a 12-month low of $50.71 and a 12-month high of $72.02. The company has a market capitalization of $2,783.34, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 3.76 and a beta of 0.55.

Black Hills (NYSE:BKH) last issued its earnings results on Thursday, February 1st. The utilities provider reported $0.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.09). The company had revenue of $455.30 million for the quarter, compared to the consensus estimate of $504.05 million. Black Hills had a return on equity of 10.14% and a net margin of 10.83%. equities research analysts anticipate that Black Hills will post 3.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Wednesday, February 14th. Black Hills’s payout ratio is 56.89%.

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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.

Analyst Recommendations for Black Hills (NYSE:BKH)

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