Black Hills Co. (NYSE:BKH) Receives Average Recommendation of “Buy” from Brokerages

Shares of Black Hills Co. (NYSE:BKHGet Rating) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $75.75.

Several equities research analysts recently issued reports on BKH shares. StockNews.com upgraded Black Hills from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. Mizuho upgraded Black Hills from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a report on Monday, February 7th.

A number of hedge funds have recently bought and sold shares of the business. Man Group plc boosted its position in Black Hills by 4.4% in the third quarter. Man Group plc now owns 3,693 shares of the utilities provider’s stock worth $231,000 after purchasing an additional 154 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Black Hills by 8.8% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 2,232 shares of the utilities provider’s stock valued at $172,000 after buying an additional 180 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Black Hills by 1.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 16,400 shares of the utilities provider’s stock valued at $1,157,000 after buying an additional 200 shares during the last quarter. AdvisorNet Financial Inc lifted its position in shares of Black Hills by 0.9% during the 1st quarter. AdvisorNet Financial Inc now owns 24,306 shares of the utilities provider’s stock valued at $1,872,000 after buying an additional 206 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Black Hills by 125.5% during the 1st quarter. CWM LLC now owns 451 shares of the utilities provider’s stock valued at $35,000 after buying an additional 251 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

Black Hills stock traded up $1.04 during trading on Tuesday, hitting $77.14. 8,110 shares of the company were exchanged, compared to its average volume of 362,158. The firm has a 50 day simple moving average of $73.70. Black Hills has a 52 week low of $61.95 and a 52 week high of $80.95. The company has a market capitalization of $5.00 billion, a P/E ratio of 20.67, a P/E/G ratio of 3.14 and a beta of 0.47. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.90 and a quick ratio of 0.73.

Black Hills (NYSE:BKHGet Rating) last announced its quarterly earnings results on Wednesday, February 9th. The utilities provider reported $1.11 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.11. Black Hills had a return on equity of 8.48% and a net margin of 12.15%. The business had revenue of $562.50 million during the quarter. During the same quarter last year, the company posted $1.23 EPS. Equities analysts expect that Black Hills will post 4.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 1st. Shareholders of record on Monday, February 14th were given a $0.595 dividend. The ex-dividend date was Friday, February 11th. This represents a $2.38 annualized dividend and a yield of 3.09%. Black Hills’s dividend payout ratio is currently 63.47%.

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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