Black Hills (NYSE:BKH) Downgraded by StockNews.com

StockNews.com lowered shares of Black Hills (NYSE:BKHGet Rating) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Separately, Mizuho raised shares of Black Hills from a neutral rating to a buy rating and set a $71.00 price target on the stock in a research note on Monday, February 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $74.80.

BKH stock opened at $78.64 on Friday. The stock’s 50-day moving average price is $71.09. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.73 and a current ratio of 0.90. Black Hills has a 52-week low of $61.95 and a 52-week high of $78.99. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 3.10 and a beta of 0.47.

Black Hills (NYSE:BKHGet Rating) last issued its quarterly earnings results on Wednesday, February 9th. The utilities provider reported $1.11 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.11. The firm had revenue of $562.50 million for the quarter. Black Hills had a net margin of 12.15% and a return on equity of 8.48%. During the same period in the prior year, the business posted $1.23 earnings per share. On average, research analysts expect that Black Hills will post 4.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 1st. Shareholders of record on Monday, February 14th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Friday, February 11th. Black Hills’s dividend payout ratio (DPR) is 63.47%.

Several hedge funds and other institutional investors have recently made changes to their positions in BKH. Trust Co. of Vermont acquired a new stake in shares of Black Hills during the 4th quarter worth approximately $35,000. UMB Bank N A MO acquired a new stake in shares of Black Hills during the 4th quarter worth approximately $40,000. Point72 Hong Kong Ltd acquired a new stake in shares of Black Hills during the 3rd quarter worth approximately $42,000. Destiny Wealth Partners LLC acquired a new stake in Black Hills in the 3rd quarter valued at approximately $50,000. Finally, PSI Advisors LLC acquired a new stake in Black Hills in the 3rd quarter valued at approximately $75,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

About Black Hills (Get Rating)

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 218,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,481.5 megawatts of generation capacity and 8,892 miles of electric transmission and distribution lines.

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