Black Hills (BKH) Receives News Impact Rating of 0.14
Press coverage about Black Hills (NYSE:BKH) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Black Hills earned a news impact score of 0.14 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.6853005426046 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of research analysts have recently commented on BKH shares. Zacks Investment Research downgraded Black Hills from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Credit Suisse Group raised their price target on Black Hills from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, October 2nd. Williams Capital downgraded Black Hills from a “buy” rating to a “hold” rating and dropped their price target for the stock from $75.00 to $70.00 in a research note on Friday, October 6th. J P Morgan Chase & Co raised their price target on Black Hills from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Finally, Bank of America started coverage on Black Hills in a research note on Tuesday, October 24th. They set an “underperform” rating and a $66.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Black Hills has a consensus rating of “Buy” and a consensus target price of $68.13.
Black Hills (BKH) traded up $0.55 during trading hours on Friday, reaching $60.02. The company had a trading volume of 1,450,000 shares, compared to its average volume of 619,672. The stock has a market cap of $3,240.00, a P/E ratio of 17.54, a PEG ratio of 3.19 and a beta of 0.73. The company has a quick ratio of 0.47, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. Black Hills has a 12-month low of $57.01 and a 12-month high of $72.02.
Black Hills (NYSE:BKH) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). The firm had revenue of $342.10 million for the quarter, compared to analysts’ expectations of $369.84 million. Black Hills had a return on equity of 10.47% and a net margin of 8.47%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. equities research analysts predict that Black Hills will post 3.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.17%. This is a boost from Black Hills’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, November 16th. Black Hills’s dividend payout ratio (DPR) is presently 72.24%.
About Black Hills
Black Hills Corporation is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through segments, including Electric Utilities, Gas Utilities, Power Generation, Mining, Oil and Gas, and Corporate. As of December 31, 2016, the Electric Utilities segment generated, transmitted and distributed electricity to approximately 208,500 customers in South Dakota, Wyoming, Colorado and Montana.
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