Black Hills Corp (NYSE:BKH) – Equities research analysts at Williams Capital issued their FY2020 EPS estimates for shares of Black Hills in a research report issued to clients and investors on Monday, March 18th. Williams Capital analyst C. Ellinghaus expects that the utilities provider will post earnings of $3.60 per share for the year. Williams Capital has a “Hold” rating on the stock.

Black Hills (NYSE:BKH) last released its quarterly earnings data on Thursday, February 7th. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. Black Hills had a net margin of 14.73% and a return on equity of 9.75%. The company had revenue of $501.20 million for the quarter, compared to analysts’ expectations of $466.97 million. During the same quarter last year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis.

BKH has been the topic of a number of other reports. Credit Suisse Group set a $72.00 target price on shares of Black Hills and gave the company a “hold” rating in a report on Tuesday, March 5th. Zacks Investment Research cut shares of Black Hills from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Bank of America raised shares of Black Hills from an “underperform” rating to a “neutral” rating and set a $69.00 target price on the stock in a report on Monday, February 11th. Finally, Scotiabank cut shares of 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. Black Hills presently has an average rating of “Hold” and a consensus target price of $65.43.

BKH stock opened at $71.39 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.60 and a current ratio of 0.78. Black Hills has a twelve month low of $51.83 and a twelve month high of $73.61. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 4.55 and a beta of 0.45.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were paid a $0.505 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $2.02 annualized dividend and a yield of 2.83%. Black Hills’s dividend payout ratio is currently 57.06%.

In other Black Hills news, insider David R. Emery sold 2,143 shares of the business’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $70.14, for a total value of $150,310.02. Following the transaction, the insider now directly owns 205,306 shares of the company’s stock, valued at approximately $14,400,162.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David R. Emery sold 7,500 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $72.03, for a total transaction of $540,225.00. Following the completion of the transaction, the insider now directly owns 197,806 shares in the company, valued at $14,247,966.18. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Black Hills by 5.3% in the 4th quarter. BlackRock Inc. now owns 7,869,750 shares of the utilities provider’s stock valued at $494,062,000 after buying an additional 398,122 shares during the period. Vanguard Group Inc. increased its stake in Black Hills by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,162,066 shares of the utilities provider’s stock valued at $299,865,000 after buying an additional 81,321 shares during the period. Vanguard Group Inc increased its stake in Black Hills by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 5,162,066 shares of the utilities provider’s stock valued at $299,865,000 after buying an additional 81,321 shares during the period. Franklin Resources Inc. increased its stake in Black Hills by 3.6% in the 3rd quarter. Franklin Resources Inc. now owns 1,741,864 shares of the utilities provider’s stock valued at $101,185,000 after buying an additional 59,852 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Black Hills by 21.7% in the 3rd quarter. Alliancebernstein L.P. now owns 1,350,389 shares of the utilities provider’s stock valued at $78,444,000 after buying an additional 240,640 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Black Hills Company Profile

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.

Read More: Are all No-Load Funds Equal?

Receive News & Ratings for Black Hills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Hills and related companies with MarketBeat.com's FREE daily email newsletter.