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Black Hills Corp. (NYSE: BKH) obtained the "Conserve" recommendation from the nine brokerage firms that cover the company, reports Marketbeat. An badyst badigned a sales rating to the title, four a purchase price on sale. The 12-month average price target among brokerages that have hedged equities over the past year is $ 61.88.
BKH has been the subject of several research reports. Howard Weil initiated the hedge of Black Hills shares in a research report on Tuesday, July 24. They set a "sector performance" rating and a price target of $ 58.00 on the stock. Zacks Investment Research downgraded the Black Hills shares from a "hold" rating to a "sell" rating in a research report released Thursday (July 12th). ValuEngine downgraded Black Hills shares from a "hold" rating to a "sell" rating in a research report released on Tuesday, July 24th. Wells Fargo & Co raised its price target on Black Hills shares from $ 62.00 to $ 64.00 and awarded the title a "market performance" in a research report on Monday, September 17th. Lastly, Credit Suisse Group increased its Black Hills shares from a "neutral" rating to an "outperform" rating and raised its price target from $ 62.00 to $ 65.00. in a research report on Wednesday 17 October.
NYSE: BKH traded US $ 1.01 during the noon trading session, reaching US $ 60.81. 513,901 shares of the company were exchanged, compared to its average volume of 546,299. Black Hills has a minimum of fifty-two weeks of $ 50.49 and a maximum of fifty-two weeks of $ 67.43. The company has a debt-equity ratio of 1.48, a current ratio of 0.52 and a fast ratio of 0.39. The company has a market capitalization of $ 3.34 billion, a P / E ratio of 18.10, a P / E / G ratio of 4.07 and a beta of 0.36.
Black Hills (NYSE: BKH) announced its quarterly results on Monday, August 6th. The utility provider reported EPS of $ 0.45 for the quarter, exceeding the Thomson Reuters consensus estimate by $ 0.04 by $ 0.41. Black Hills had a net margin of 13.90% and a return on equity of 10.40%. The company reported revenues of $ 355.70 million for the quarter, compared with badysts' estimates of $ 352.83 million. During the same period last year, the company realized a $ 0.41 EPS. Black Hills revenue for the quarter increased 2.2% from the same quarter of last year. On average, badysts on the sellers' side expect Black Hills to post earnings per share of 3.42 for the current year.
A number of institutional investors have recently changed their holdings in BKH. Flagship Harbor Advisors LLC acquired a new equity interest in Black Hills in the second quarter, valued at approximately $ 164,000. Zeke Capital Advisors LLC acquired a new equity interest in Black Hills during the second quarter, valued at approximately $ 205,000. Cim Investment Management Inc. acquired a new equity interest in Black Hills during the second quarter, valued at approximately $ 205,000. Commonwealth Equity Services LLC acquired a new equity interest in Black Hills during the first quarter valued at approximately $ 210,000. Finally, Hartford Investment Management Co. acquired a new equity interest in Black Hills in the second quarter, valued at approximately $ 213,000. 99.68% of the capital currently belongs to institutional investors.
About Black Hills
Black Hills Corporation, through its subsidiaries, operates as a vertically integrated utility company in the United States. The Company's Electricity Services segment generates, transports and distributes electricity to approximately 210,000 electricity customers in South Dakota, Wyoming, Colorado and Montana.
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