Black Hills (NYSE:BKH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Black Hills Corporation is an energy company that generates wholesale electricity and produces natural gas, crude oil and coal. They serve natural gas and electric utility customers in Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. “

A number of other equities research analysts also recently weighed in on BKH. Credit Suisse Group raised shares of Black Hills from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $62.00 to $65.00 in a research note on Wednesday, October 17th. ValuEngine upgraded shares of Black Hills from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. Scotiabank cut shares of Black Hills from a “sector perform” rating to a “sell” rating in a research note on Wednesday, December 12th. Williams Capital lowered shares of Black Hills from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a research report on Wednesday, February 6th. Finally, Bank of America raised shares of Black Hills from an “underperform” rating to a “neutral” rating and set a $69.00 price target on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $64.86.

Black Hills stock opened at $70.39 on Tuesday. The company has a market capitalization of $4.16 billion, a P/E ratio of 19.88, a PEG ratio of 4.35 and a beta of 0.45. Black Hills has a 52 week low of $50.49 and a 52 week high of $70.70. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.53 and a quick ratio of 0.36.

Black Hills (NYSE:BKH) last announced its earnings results on Thursday, February 7th. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.92 by $0.13. Black Hills had a net margin of 14.73% and a return on equity of 10.21%. The firm had revenue of $501.20 million for the quarter, compared to the consensus estimate of $466.97 million. During the same quarter last year, the firm posted $0.98 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Equities analysts forecast that Black Hills will post 3.43 EPS for the current year.

Large investors have recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new position in shares of Black Hills during the 4th quarter valued at about $40,552,000. Clearbridge Investments LLC boosted its holdings in Black Hills by 967,914.9% during the 3rd quarter. Clearbridge Investments LLC now owns 454,967 shares of the utilities provider’s stock valued at $26,429,000 after acquiring an additional 454,920 shares during the period. BlackRock Inc. lifted its holdings in shares of Black Hills by 5.3% in the 4th quarter. BlackRock Inc. now owns 7,869,750 shares of the utilities provider’s stock worth $494,062,000 after buying an additional 398,122 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Black Hills by 21.7% in the 3rd quarter. Alliancebernstein L.P. now owns 1,350,389 shares of the utilities provider’s stock worth $78,444,000 after buying an additional 240,640 shares during the period. Finally, Northern Trust Corp raised its position in shares of Black Hills by 13.1% in the 4th quarter. Northern Trust Corp now owns 1,168,476 shares of the utilities provider’s stock worth $73,357,000 after acquiring an additional 135,794 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Black Hills Company Profile

Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility company in the United States. The company's Electric Utilities segment generates, transmits, and distributes electricity to approximately 210,000 electric customers in South Dakota, Wyoming, Colorado, and Montana.

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Analyst Recommendations for Black Hills (NYSE:BKH)

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