Stocks of Black Hills Corporation (NYSE:BKH) traded higher last session on Wall Street, up 0.49% to $61.76.
According to the data, Black Hills Corporation (NYSE:BKH) has 7 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $77.00 and a low of $60.00, we find $67.00. Given the previous closing price of $61.46, this indicates a potential upside of 9.01 percent. BKH stock price is now -7.74% away from the 50-day moving average and -12.12% away from the 200-day moving average. The market capitalization of the company currently stands at $4.16B.
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A total of 4 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $66.29 as their price target over the next twelve months.
With the price target reduced from $81 to $68, RBC Capital Mkts Downgraded its rating from Outperform to Sector Perform for Black Hills Corporation (NYSE: BKH). On February 09, 2023, Sidoti Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $67, while ‘Mizuho’ rates the stock as ‘Underperform’.
In other news, Roberts Rebecca B, Director sold 500 shares of the company’s stock on May 20. The stock was sold for $36,810 at an average price of $73.62. Upon completion of the transaction, the Director now directly owns 6,445 shares in the company, valued at $0.4 million. Insiders disposed of 8,905 shares of company stock worth roughly $0.55 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BKH stock. A new stake in Black Hills Corporation shares was purchased by AMERICAN CENTURY COMPANIES INC during the first quarter worth $7,858,000. COANN CAPITAL LLC invested $6,604,000 in shares of BKH during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Black Hills Corporation valued at approximately $2,514,000. HUNTER PERKINS CAPITAL MANAGEMENT, LLC acquired a new stake in BKH for approximately $1,032,000. PACER ADVISORS, INC. purchased a new stake in BKH valued at around $996,000 in the second quarter. In total, there are 447 active investors with 92.00% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $60.96 for Black Hills Corporation (NYSE: BKH). During the past 12 months, Black Hills Corporation has had a low of $59.08 and a high of $80.95. As of last week, the company has a debt-to-equity ratio of 1.56, a current ratio of 0.60, and a quick ratio of 0.50. The fifty day moving average price for BKH is $66.94 and a two-hundred day moving average price translates $70.28 for the stock.
The latest earnings results from Black Hills Corporation (NYSE: BKH) was released for Dec, 2022. According to the Utilities – Diversified Company, earnings per share came in at $1.11, missing analysts’ expectations of $1.16 by -0.05. This compares to $1.10 EPS in the same period last year. The net profit margin was 10.10% and return on equity was 8.90% for BKH. The company reported revenue of $791.44 million for the quarter, compared to $562.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.7 percent. For the current quarter, analysts expect BKH to generate $746.35M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/01/2023. Investors who held shares on 02/14/2023 were paid a $0.625 dividend. On an annualized basis, this represents a $2.50 dividend and a 4.05% percent yield. There was an ex-dividend date of 02/13/2023 for this dividend. In terms of dividend payout ratio, BKH is presently at 60.50%.
Black Hills Corporation(BKH) Company Profile
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 218,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,481.5 megawatts of generation capacity and 8,892 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,094,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; owns and operates 4,732 miles of intrastate gas transmission pipelines; 41,644 miles of gas distribution mains and service lines; six natural gas storage sites; and approximately 50,000 horsepower of compression and 515 miles of gathering lines. The company also constructs and maintains gas infrastructure facilities for gas transportation customers; and provides appliance repair services to residential utility customers, as well as electrical system construction services to large industrial customers. In addition, it produces electric power through wind, natural gas, and coal-fired generating plants; and coal at its coal mine located near Gillette, Wyoming. The company was incorporated in 1941 and is headquartered in Rapid City, South Dakota.
