Black Hills (NYSE:BKH) Issues FY 2021 Earnings Guidance

Black Hills (NYSE:BKH) updated its FY 2021 earnings guidance on Tuesday. The company provided EPS guidance of $3.850-$4.000 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.920. The company issued revenue guidance of -.Black Hills also updated its FY 2022 guidance to $3.950-$4.150 EPS.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Black Hills from a buy rating to a hold rating in a report on Thursday, September 30th. Mizuho increased their price objective on Black Hills from $60.00 to $67.00 and gave the company a neutral rating in a report on Wednesday, September 22nd. Finally, Sidoti increased their price objective on Black Hills from $78.00 to $80.00 and gave the company a buy rating in a report on Wednesday, August 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Black Hills has an average rating of Buy and a consensus price target of $74.50.

Shares of NYSE BKH traded down $0.31 during mid-day trading on Thursday, hitting $66.84. 225,633 shares of the company were exchanged, compared to its average volume of 335,411. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.64 and a current ratio of 0.83. The business’s 50 day moving average is $65.53. Black Hills has a 1-year low of $57.02 and a 1-year high of $72.78. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 3.31 and a beta of 0.44.

Black Hills (NYSE:BKH) last issued its quarterly earnings results on Tuesday, November 2nd. The utilities provider reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.06. Black Hills had a return on equity of 8.87% and a net margin of 12.96%. During the same quarter in the prior year, the firm earned $0.58 earnings per share. On average, equities analysts anticipate that Black Hills will post 3.88 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Investors of record on Wednesday, November 17th will be issued a dividend of $0.595 per share. The ex-dividend date of this dividend is Tuesday, November 16th. This is an increase from Black Hills’s previous quarterly dividend of $0.57. This represents a $2.38 annualized dividend and a dividend yield of 3.56%. Black Hills’s dividend payout ratio (DPR) is currently 61.50%.

A hedge fund recently raised its stake in Black Hills stock. Morgan Stanley raised its holdings in Black Hills Co. (NYSE:BKH) by 124.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 256,204 shares of the utilities provider’s stock after acquiring an additional 141,881 shares during the quarter. Morgan Stanley owned 0.40% of Black Hills worth $16,815,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 87.31% of the company’s stock.

About Black Hills

Black Hills Corp. is a diversified energy company. It operates through the following segments: Electric Utilities, Gas Utilities, Power Generation, Mining, and Corporate and Other. The Electric Utilities segment generates, transmits, and distributes electricity in South Dakota, Wyoming, Colorado, and Montana.

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