The TheStreet Upgrades Black Hills Corp. (BKH) to “B”

The TheStreet Upgrades Black Hills Corp. (BKH) to “B”

Black Hills Corp. (NYSE:BKH) was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued to clients and investors on Tuesday.

BKH has been the subject of several other research reports. Zacks Investment Research upgraded shares of Black Hills Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Wednesday, October 5th. Singular Research assumed coverage on shares of Black Hills Corp. in a research report on Wednesday, December 14th. They issued a “buy” rating and a $68.00 price objective for the company. Seven research analysts have rated the stock with a buy rating, Black Hills Corp. currently has a consensus rating of “Buy” and an average price target of $64.67.

Black Hills Corp. (NYSE:BKH) traded down 0.87% on Tuesday, reaching $61.67. 679,847 shares of the company’s stock traded hands. The firm’s 50-day moving average is $60.76 and its 200 day moving average is $60.35. Black Hills Corp. has a 52-week low of $44.65 and a 52-week high of $64.58. The stock has a market capitalization of $3.28 billion, a PE ratio of 78.06 and a beta of 0.69.

Black Hills Corp. (NYSE:BKH) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm earned $333.80 million during the quarter, compared to analysts’ expectations of $414.77 million. Black Hills Corp. had a net margin of 2.85% and a return on equity of 9.10%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 EPS. Analysts forecast that Black Hills Corp. will post $3.03 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of BKH. WFG Advisors LP boosted its position in shares of Black Hills Corp. by 0.6% in the second quarter. WFG Advisors LP now owns 4,197 shares of the company’s stock worth $265,000 after buying an additional 23 shares in the last quarter. Bollard Group LLC boosted its position in shares of Black Hills Corp. by 0.7% in the third quarter. Bollard Group LLC now owns 4,861 shares of the company’s stock worth $298,000 after buying an additional 34 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Black Hills Corp. by 1.4% in the third quarter. HighTower Advisors LLC now owns 3,387 shares of the company’s stock worth $203,000 after buying an additional 47 shares in the last quarter. Creative Planning boosted its position in shares of Black Hills Corp. by 2.9% in the third quarter. Creative Planning now owns 1,716 shares of the company’s stock worth $105,000 after buying an additional 48 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in shares of Black Hills Corp. by 5.2% in the third quarter. Advisor Group Inc. now owns 1,942 shares of the company’s stock worth $119,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 89.95% of the company’s stock.

Black Hills Corp. Company Profile

Black Hills Corporation is a holding company. The Company is an integrated energy company, which operates in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group consists of regulated Electric Utilities and regulated Gas Utilities segments, and the Company’s Non-regulated Energy Group consists of Power Generation, Coal Mining, and Oil and Gas segments.

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