1 week Ago By ABMN Staff
Black Hills Co. ( NYSE:BKH – Get Free Report ) has earned an average rating of “Reduce” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company.
The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $58.00. Several analysts have recently weighed in on BKH shares.
Mizuho lifted their target price on shares of Black Hills from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, June 4th.
Wells Fargo & Company boosted their target price on shares of Black Hills from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd.
Finally, Scotiabank boosted their price target on shares of Black Hills from $54.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th.
Get Our Latest Stock Report on Black Hills Black Hills Stock Performance Black Hills ( NYSE:BKH – Get Free Report ) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.
29 by $0.04. Black Hills had a net margin of 12.
96% and a return on equity of 8.21%. The business had revenue of $402.
60 million for the quarter, compared to analyst estimates of $498.00 million. During the same period in the previous year, the business earned $0.
35 EPS. The firm’s revenue was down 2.1% on a year-over-year basis.
Equities research analysts forecast that Black Hills will post 3.92 EPS for the current year. Black Hills Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st.
Investors of record on Monday, August 19th were issued a dividend of $0.65 per share. This represents a $2.
60 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Monday, August 19th.
Black Hills’s dividend payout ratio is currently 64.04%. Institutional Inflows and Outflows Several institutional investors and hedge funds have recently made changes to their positions in BKH.
New York State Common Retirement Fund boosted its holdings in shares of Black Hills by 1.5% in the fourth quarter. New York State Common Retirement Fund now owns 38,057 shares of the utilities provider’s stock valued at $2,053,000 after buying an additional 578 shares during the period.
Victory Capital Management Inc. boosted its holdings in shares of Black Hills by 7.3% in the fourth quarter.
Victory Capital Management Inc. now owns 170,781 shares of the utilities provider’s stock valued at $9,214,000 after buying an additional 11,549 shares during the period. Natixis Advisors L.
P. boosted its holdings in shares of Black Hills by 7.1% in the fourth quarter.
Natixis Advisors L.P. now owns 13,337 shares of the utilities provider’s stock valued at $719,000 after buying an additional 879 shares during the period.
Charles Schwab Investment Management Inc. boosted its holdings in shares of Black Hills by 3.9% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 780,510 shares of the utilities provider’s stock valued at $42,109,000 after buying an additional 29,141 shares during the period. Finally, Versor Investments LP boosted its holdings in shares of Black Hills by 227.
3% in the fourth quarter. Versor Investments LP now owns 31,425 shares of the utilities provider’s stock valued at $1,695,000 after buying an additional 21,825 shares during the period. Institutional investors and hedge funds own 86.
71% of the company’s stock. About Black Hills ( Get Free Report Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities.
The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines. Recommended Stories 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 .
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