Black Hills Co. (NYSE:BKH) Receives Consensus Recommendation of "Reduce" from Analysts

Black Hills Co. (NYSE:BKH - Get Free Report) has received an average rating of "Reduce" from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $58.00.

A number of equities analysts recently weighed in on the stock. Scotiabank boosted their target price on shares of Black Hills from $54.00 to $63.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 20th. Wells Fargo & Company boosted their price objective on shares of Black Hills from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Friday, August 2nd.

Black Hills Stock Down 0.9 %

BKH traded down $0.55 during trading hours on Friday, hitting $59.87. 315,766 shares of the company's stock were exchanged, compared to its average volume of 468,479. The company has a quick ratio of 0.94, a current ratio of 1.06 and a debt-to-equity ratio of 1.23. Black Hills has a 1-year low of $47.49 and a 1-year high of $62.20. The stock's 50-day moving average is $59.95 and its two-hundred day moving average is $57.00. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 4.19 and a beta of 0.69.

Black Hills (NYSE:BKH - Get Free Report) last released its earnings results on Wednesday, July 31st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $402.60 million for the quarter, compared to analyst estimates of $498.00 million. Black Hills had a return on equity of 8.21% and a net margin of 12.96%. Black Hills's revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share. Sell-side analysts predict that Black Hills will post 3.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new position in shares of Black Hills during the 1st quarter worth approximately $33,000. Hexagon Capital Partners LLC grew its position in Black Hills by 77.2% during the first quarter. Hexagon Capital Partners LLC now owns 732 shares of the utilities provider's stock worth $40,000 after buying an additional 319 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Black Hills by 135.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,935 shares of the utilities provider's stock worth $706,000 after acquiring an additional 7,451 shares during the period. State of Michigan Retirement System raised its holdings in Black Hills by 2.5% in the 1st quarter. State of Michigan Retirement System now owns 16,700 shares of the utilities provider's stock valued at $912,000 after acquiring an additional 400 shares in the last quarter. Finally, Uncommon Cents Investing LLC lifted its position in shares of Black Hills by 2.0% during the 1st quarter. Uncommon Cents Investing LLC now owns 10,710 shares of the utilities provider's stock valued at $585,000 after acquiring an additional 210 shares during the period. 86.71% of the stock is owned by institutional investors and hedge funds.

Black Hills Company Profile

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.