Black Hills Corp. (NYSE:BKH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Black Hills Corporation is an energy company that generates wholesale electricity and produces natural gas, crude oil and coal. They serve natural gas and electric utility customers in Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. “

BKH has been the topic of a number of other reports. TheStreet lowered shares of Black Hills Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Bank of America Corp. restated a “buy” rating on shares of Black Hills Corp. in a research report on Tuesday, May 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Black Hills Corp. from $62.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Black Hills Corp. presently has an average rating of “Buy” and a consensus target price of $62.17.

Black Hills Corp. (NYSE:BKH) opened at 61.63 on Tuesday. The firm’s 50-day moving average is $59.39 and its 200-day moving average is $60.26. Black Hills Corp. has a 52-week low of $37.81 and a 52-week high of $64.58. The firm has a market capitalization of $3.22 billion, a PE ratio of 181.26 and a beta of 0.71.

Black Hills Corp. (NYSE:BKH) last announced its earnings results 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. Black Hills Corp. had a return on equity of 9.94% and a net margin of 1.22%. During the same quarter in the previous year, the business earned $0.56 EPS. On average, analysts anticipate that Black Hills Corp. will post $3.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 18th were given a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $1.68 dividend on an annualized basis and a yield of 2.73%. Black Hills Corp.’s dividend payout ratio (DPR) is 646.18%.

A number of institutional investors have recently bought and sold shares of the stock. WFG Advisors LP raised its position in Black Hills Corp. by 0.6% in the second quarter. WFG Advisors LP now owns 4,197 shares of the company’s stock worth $265,000 after buying an additional 23 shares during the period. Bollard Group LLC increased its stake in Black Hills Corp. by 0.7% in the second quarter. Bollard Group LLC now owns 4,827 shares of the company’s stock worth $304,000 after buying an additional 34 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in Black Hills Corp. by 2.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,773 shares of the company’s stock worth $167,000 after buying an additional 68 shares during the period. First PREMIER Bank increased its stake in Black Hills Corp. by 0.8% in the second quarter. First PREMIER Bank now owns 31,814 shares of the company’s stock worth $2,006,000 after buying an additional 260 shares during the period. Finally, State Treasurer State of Michigan increased its stake in Black Hills Corp. by 1.5% in the second quarter. State Treasurer State of Michigan now owns 20,690 shares of the company’s stock worth $1,304,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

About Black Hills Corp.

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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