Black Hills Corporation (BKH) Rating Reiterated by Credit Suisse Group
Black Hills Corporation (NYSE:BKH)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse Group in a research note issued to investors on Monday. They currently have a $66.00 price target on the utilities provider’s stock, down from their previous price target of $77.00. Credit Suisse Group’s target price would suggest a potential upside of 7.79% from the stock’s current price. The analysts noted that the move was a valuation call.
Other equities research analysts have also issued reports about the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 price objective on shares of Black Hills Corporation in a research report on Wednesday, August 9th. Williams Capital lowered Black Hills Corporation from a “buy” rating to a “hold” rating and cut their price objective for the stock from $75.00 to $70.00 in a research report on Friday, October 6th. Zacks Investment Research upgraded Black Hills Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Wells Fargo & Company began coverage on Black Hills Corporation in a research report on Friday, October 27th. They set a “market perform” rating and a $58.00 price target on the stock. Finally, J P Morgan Chase & Co lifted their price target on Black Hills Corporation from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Black Hills Corporation currently has a consensus rating of “Hold” and a consensus price target of $68.75.
Shares of Black Hills Corporation (NYSE BKH) opened at $61.23 on Monday. The firm has a market capitalization of $3,274.32, a P/E ratio of 18.06, a PEG ratio of 3.28 and a beta of 0.78. Black Hills Corporation has a 1 year low of $54.76 and a 1 year high of $72.02. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.82 and a quick ratio of 0.59.
Black Hills Corporation (NYSE:BKH) last issued its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.05). The business had revenue of $342.10 million during the quarter, compared to the consensus estimate of $369.84 million. Black Hills Corporation had a return on equity of 10.51% and a net margin of 8.47%. Black Hills Corporation’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share. equities research analysts anticipate that Black Hills Corporation will post 3.35 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKH. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Black Hills Corporation by 8.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,950 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 146 shares in the last quarter. Advisor Group Inc. boosted its holdings in Black Hills Corporation by 7.7% in the second quarter. Advisor Group Inc. now owns 2,119 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 151 shares in the last quarter. Flinton Capital Management LLC boosted its holdings in Black Hills Corporation by 68.8% in the second quarter. Flinton Capital Management LLC now owns 2,592 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 1,056 shares in the last quarter. Denver Investment Advisors LLC bought a new stake in Black Hills Corporation in the second quarter worth $202,000. Finally, Suntrust Banks Inc. bought a new stake in Black Hills Corporation in the second quarter worth $202,000. Institutional investors own 93.77% of the company’s stock.
Black Hills Corporation Company Profile
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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