Black Hills Corporation (BKH) Holdings Lifted by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of Black Hills Corporation (NYSE:BKH) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,223,071 shares of the utilities provider’s stock after acquiring an additional 118,774 shares during the period. Vanguard Group Inc. owned about 9.77% of Black Hills Corporation worth $352,401,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BKH. UBS Asset Management Americas Inc. raised its holdings in shares of Black Hills Corporation by 31.5% during the first quarter. UBS Asset Management Americas Inc. now owns 38,861 shares of the utilities provider’s stock worth $2,583,000 after acquiring an additional 9,298 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Black Hills Corporation during the first quarter worth $1,217,000. Parametric Portfolio Associates LLC raised its holdings in shares of Black Hills Corporation by 4.1% during the first quarter. Parametric Portfolio Associates LLC now owns 83,093 shares of the utilities provider’s stock worth $5,523,000 after acquiring an additional 3,246 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Black Hills Corporation by 21.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,704 shares of the utilities provider’s stock worth $512,000 after acquiring an additional 1,383 shares during the period. Finally, KBC Group NV raised its holdings in shares of Black Hills Corporation by 1.6% during the first quarter. KBC Group NV now owns 17,571 shares of the utilities provider’s stock worth $1,168,000 after acquiring an additional 284 shares during the period. Institutional investors and hedge funds own 93.61% of the company’s stock.

Shares of Black Hills Corporation (BKH) traded down 0.07% on Tuesday, hitting $67.64. 24,516 shares of the stock were exchanged. The stock’s 50-day moving average is $69.24 and its 200-day moving average is $69.01. Black Hills Corporation has a 1-year low of $54.76 and a 1-year high of $72.02. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 28.24 and a beta of 0.79.

Black Hills Corporation (NYSE:BKH) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.10). The business had revenue of $348.00 million for the quarter, compared to analysts’ expectations of $356.85 million. Black Hills Corporation had a net margin of 7.71% and a return on equity of 10.48%. Black Hills Corporation’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 EPS. Analysts forecast that Black Hills Corporation will post $3.51 earnings per share for the current year.

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Several brokerages have issued reports on BKH. BidaskClub lowered shares of Black Hills Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Williams Capital lowered shares of Black Hills Corporation from a “buy” rating to a “hold” rating and lowered their price target for the company from $75.00 to $70.00 in a research note on Friday, October 6th. Zacks Investment Research lowered shares of Black Hills Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. J P Morgan Chase & Co lifted their price target on shares of Black Hills Corporation from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $70.00 price target on shares of Black Hills Corporation in a research note on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $74.33.

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.

Institutional Ownership by Quarter for Black Hills Corporation (NYSE:BKH)

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