Black Hills Corp. (NYSE:BKH) shares dropped 2.4% during mid-day trading on Thursday . The stock traded as low as $62.30 and last traded at $62.37, with a volume of 121,570 shares. The stock had previously closed at $63.93.

BKH has been the subject of several research analyst reports. Williams Capital raised their price objective on Black Hills Corp. from $59.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, March 9th. TheStreet upgraded Black Hills Corp. from a “hold” rating to a “buy” rating in a research note on Friday, April 1st. Zacks Investment Research upgraded Black Hills Corp. from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Tuesday, March 22nd. BMO Capital Markets restated a “buy” rating on shares of Black Hills Corp. in a research note on Monday, April 18th. Finally, Bank of America Corp. restated a “buy” rating on shares of Black Hills Corp. in a research note on Tuesday, May 24th. Seven equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $61.33.

The company’s 50 day moving average is $61.59 and its 200 day moving average is $56.46. The firm’s market cap is $3.20 billion.

Black Hills Corp. (NYSE:BKH) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.24. The business had revenue of $450 million for the quarter, compared to analyst estimates of $488.73 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 earnings per share. On average, equities research analysts anticipate that Black Hills Corp. will post $3.02 EPS for the current year.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Black Hills Corp. by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 799,223 shares of the company’s stock valued at $37,109,000 after buying an additional 6,647 shares in the last quarter. WBI Investments Inc. acquired a new position in Black Hills Corp. during the fourth quarter valued at about $6,847,000. Systematic Financial Management LP boosted its position in Black Hills Corp. by 25.1% in the fourth quarter. Systematic Financial Management LP now owns 60,070 shares of the company’s stock valued at $2,789,000 after buying an additional 12,040 shares in the last quarter. Marshall Wace LLP boosted its position in Black Hills Corp. by 2,824.3% in the fourth quarter. Marshall Wace LLP now owns 207,624 shares of the company’s stock valued at $9,640,000 after buying an additional 200,524 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in Black Hills Corp. by 16.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 565,000 shares of the company’s stock valued at $26,233,000 after buying an additional 80,000 shares in the last quarter.

Black Hills Corporation is an integrated energy company. The Company operates in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group is comprised of regulated Electric Utilities and regulated Gas Utilities segments, and its Non-regulated Energy Group is comprised of Power Generation, Coal Mining, and Oil and Gas segments.

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