Black Hills (NYSE:BKH) PT Lowered to $57.00

Black Hills (NYSE:BKHGet Free Report) had its price objective reduced by research analysts at Royal Bank of Canada from $61.00 to $57.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “sector perform” rating on the utilities provider’s stock. Royal Bank of Canada’s price objective points to a potential upside of 10.42% from the stock’s previous close.

BKH has been the subject of a number of other reports. Mizuho raised shares of Black Hills from an “underperform” rating to a “neutral” rating and set a $53.00 target price for the company in a research note on Tuesday, November 21st. Bank of America reduced their target price on shares of Black Hills from $60.00 to $49.00 and set an “underperform” rating for the company in a research note on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, Black Hills has a consensus rating of “Hold” and an average price target of $55.80.

Get Our Latest Analysis on Black Hills

Black Hills Stock Up 0.7 %

NYSE:BKH opened at $51.62 on Friday. Black Hills has a 1 year low of $46.43 and a 1 year high of $66.85. The company has a current ratio of 0.77, a quick ratio of 0.67 and a debt-to-equity ratio of 1.17. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 13.17 and a beta of 0.65. The stock has a 50-day moving average price of $53.13 and a two-hundred day moving average price of $53.03.

Black Hills (NYSE:BKHGet Free Report) last announced its earnings results on Thursday, February 8th. The utilities provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.06 by $0.11. The firm had revenue of $591.70 million for the quarter, compared to the consensus estimate of $863.67 million. Black Hills had a net margin of 11.25% and a return on equity of 8.15%. During the same period last year, the company posted $1.11 EPS. As a group, equities analysts expect that Black Hills will post 3.9 earnings per share for the current year.

Institutional Trading of Black Hills

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its position in shares of Black Hills by 12.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 46,140 shares of the utilities provider’s stock valued at $2,489,000 after acquiring an additional 5,253 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in shares of Black Hills by 61.1% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 71,413 shares of the utilities provider’s stock valued at $3,853,000 after buying an additional 27,072 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Black Hills by 21.0% in the 4th quarter. Assetmark Inc. now owns 6,344 shares of the utilities provider’s stock valued at $342,000 after buying an additional 1,101 shares during the last quarter. Trexquant Investment LP boosted its holdings in shares of Black Hills by 175.0% in the 4th quarter. Trexquant Investment LP now owns 67,999 shares of the utilities provider’s stock valued at $3,669,000 after buying an additional 43,272 shares during the last quarter. Finally, AMG National Trust Bank acquired a new stake in shares of Black Hills in the 4th quarter valued at approximately $1,633,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Black Hills Company Profile

(Get Free Report)

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 220,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,482 megawatts of generation capacity and 9,024 miles of electric transmission and distribution lines.

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Analyst Recommendations for Black Hills (NYSE:BKH)

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