Black Hills Corp. (NYSE:BKH) traded down 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 traded. The stock had previously closed at $63.93.

Several equities research analysts have issued reports on the company. TheStreet upgraded Black Hills Corp. from a “hold” rating to a “buy” rating in a report on Friday, April 1st. JPMorgan Chase & Co. assumed coverage on Black Hills Corp. in a report on Monday, April 25th. They issued an “overweight” rating and a $62.00 price target for the company. Zacks Investment Research upgraded Black Hills Corp. from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Tuesday, March 22nd. Bank of America Corp. reiterated a “buy” rating on shares of Black Hills Corp. in a report on Tuesday, May 24th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Black Hills Corp. in a report on Thursday, May 5th. Seven investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $61.33.

The firm’s 50-day moving average price is $61.71 and its 200-day moving average price is $56.60. The company’s market capitalization is $3.23 billion.

Black Hills Corp. (NYSE:BKH) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.24. The business had revenue of $450 million for the quarter, compared to the consensus estimate of $488.73 million. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS. Analysts predict that Black Hills Corp. will post $3.02 EPS for the current year.

Other large investors have modified their holdings of the company. Liberty Mutual Group Asset Management Inc. increased its stake in shares of Black Hills Corp. by 70.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 32,452 shares of the company’s stock worth $1,507,000 after buying an additional 13,414 shares during the last quarter. Cornercap Investment Counsel Inc. increased its stake in shares of Black Hills Corp. by 5.3% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 33,545 shares of the company’s stock worth $1,557,000 after buying an additional 1,680 shares during the last quarter. Miller Howard Investments Inc. NY increased its stake in shares of Black Hills Corp. by 237.4% in the fourth quarter. Miller Howard Investments Inc. NY now owns 118,867 shares of the company’s stock worth $5,519,000 after buying an additional 83,636 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Black Hills Corp. by 14.3% in the fourth quarter. New York State Common Retirement Fund now owns 104,777 shares of the company’s stock worth $4,865,000 after buying an additional 13,074 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Black Hills Corp. by 13.9% in the fourth quarter. Comerica Bank now owns 36,302 shares of the company’s stock worth $1,723,000 after buying an additional 4,423 shares during 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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