Today: The Brokerages Set Black Hills Corp. (NYSE:BKH) Target Price at $64.67

The Brokerages Set Black Hills Corp. (NYSE:BKH) Target Price at $64.67

Black Hills Corp. (NYSE:BKH) has received an average rating of “Buy” from the seven analysts that are currently covering the firm. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $64.50.

Several equities analysts have weighed in on the company. Zacks Investment Research lowered Black Hills Corp. from a “hold” rating to a “sell” rating in a report on Monday, August 8th. JPMorgan Chase & Co. raised their target price on Black Hills Corp. from $62.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, August 5th. Finally, TheStreet lowered Black Hills Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th.

Large investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in Black Hills Corp. by 43.5% in the first quarter. State Street Corp now owns 5,412,338 shares of the company’s stock worth $325,439,000 after buying an additional 1,640,495 shares during the period. Keeley Asset Management Corp increased its stake in Black Hills Corp. by 2,969.1% in the second quarter. Keeley Asset Management Corp now owns 602,160 shares of the company’s stock worth $37,960,000 after buying an additional 582,540 shares during the period. Renaissance Technologies LLC increased its stake in Black Hills Corp. by 202.4% in the first quarter. Renaissance Technologies LLC now owns 602,400 shares of the company’s stock worth $36,222,000 after buying an additional 403,200 shares during the period. BlackRock Fund Advisors increased its stake in Black Hills Corp. by 5.9% in the second quarter. BlackRock Fund Advisors now owns 5,035,979 shares of the company’s stock worth $317,468,000 after buying an additional 278,362 shares during the period. Finally, Vanguard Group Inc. increased its stake in Black Hills Corp. by 5.5% in the second quarter. Vanguard Group Inc. now owns 4,048,978 shares of the company’s stock worth $255,248,000 after buying an additional 210,671 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Black Hills Corp. (NYSE:BKH) opened at 56.66 on Wednesday. Black Hills Corp. has a 12 month low of $40.00 and a 12 month high of $64.58. The firm has a market capitalization of $2.96 billion, a PE ratio of 166.65 and a beta of 0.76. The stock’s 50 day moving average price is $59.73 and its 200-day moving average price is $60.45.

Black Hills Corp. (NYSE:BKH) last posted its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.14. Black Hills Corp. had a net margin of 1.22% and a return on equity of 9.94%. During the same period in the prior year, the business earned $0.56 EPS. On average, equities analysts anticipate that Black Hills Corp. will post $3.01 earnings per share for the current fiscal year.

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