Black Hills Corp. (NYSE:BKH) shares gapped up before the market opened on Friday . The stock had previously closed at $59.14, but opened at $59.33. Black Hills Corp. shares last traded at $59.60, with a volume of 170,671 shares changing hands.

A number of analysts have recently weighed in on BKH shares. Zacks Investment Research lowered shares of Black Hills Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 19th. JPMorgan Chase & Co. started coverage on shares of Black Hills Corp. in a research note on Monday, April 25th. They issued an “overweight” rating and a $62.00 price target for the company. Bank of America Corp. reaffirmed a “buy” rating on shares of Black Hills Corp. in a research note on Tuesday, May 24th. BMO Capital Markets reaffirmed a “buy” rating on shares of Black Hills Corp. in a research note on Monday, April 18th. Finally, Williams Capital upped their price target on shares of Black Hills Corp. from $63.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, May 5th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $62.17.

The firm has a market cap of $3.11 billion and a price-to-earnings ratio of 174.59. The company has a 50 day moving average price of $62.11 and a 200-day moving average price of $59.10.

Black Hills Corp. (NYSE:BKH) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by $0.14. During the same quarter in the prior year, the business posted $0.56 EPS. Analysts predict that Black Hills Corp. will post $3.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Tuesday, August 16th.

Several large investors have recently made changes to their positions in the company. Comerica Bank boosted 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 period. KBC Group NV boosted its stake in shares of Black Hills Corp. by 120.2% in the fourth quarter. KBC Group NV now owns 42,980 shares of the company’s stock worth $1,996,000 after buying an additional 23,462 shares during the period. Systematic Financial Management LP boosted its stake in shares of Black Hills Corp. by 25.1% in the fourth quarter. Systematic Financial Management LP now owns 60,070 shares of the company’s stock worth $2,789,000 after buying an additional 12,040 shares during the period. New York State Common Retirement Fund boosted 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 period. Finally, American International Group Inc. boosted its stake in shares of Black Hills Corp. by 9.2% in the fourth quarter. American International Group Inc. now owns 124,533 shares of the company’s stock worth $5,782,000 after buying an additional 10,446 shares during the period.

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

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