First Midwest Bank Trust Division Purchases 4,650 Shares of Black Hills Corp. (BKH)
First Midwest Bank Trust Division raised its position in Black Hills Corp. (NYSE:BKH) by 136.8% during the second quarter, Holdings Channel reports. The institutional investor owned 8,048 shares of the company’s stock after buying an additional 4,650 shares during the period. First Midwest Bank Trust Division’s holdings in Black Hills Corp. were worth $507,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Invictus RG purchased a new position in shares of Black Hills Corp. during the first quarter worth approximately $178,000. LS Investment Advisors LLC boosted its position in shares of Black Hills Corp. by 77.5% in the second quarter. LS Investment Advisors LLC now owns 3,095 shares of the company’s stock worth $195,000 after buying an additional 1,351 shares during the period. Capstone Asset Management Co. purchased a new position in shares of Black Hills Corp. during the second quarter worth approximately $224,000. Parametrica Management Ltd purchased a new position in shares of Black Hills Corp. during the second quarter worth approximately $276,000. Finally, Bollard Group LLC boosted its position in shares of 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. Institutional investors and hedge funds own 88.67% of the company’s stock.
Black Hills Corp. (NYSE:BKH) traded down 0.24% during midday trading on Wednesday, reaching $57.51. The company’s stock had a trading volume of 494,675 shares. The company has a market capitalization of $3.01 billion, a P/E ratio of 169.15 and a beta of 0.76. The company has a 50 day moving average of $59.83 and a 200-day moving average of $60.48. Black Hills Corp. has a 1-year low of $40.00 and a 1-year high of $64.58.
Black Hills Corp. (NYSE:BKH) last released its earnings results on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.14. Black Hills Corp. had a net margin of 1.22% and a return on equity of 9.94%. During the same period last year, the business earned $0.56 earnings per share. Equities research analysts anticipate that Black Hills Corp. will post $3.01 earnings per share for the current fiscal year.
A number of equities analysts recently commented on BKH shares. TheStreet cut Black Hills Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Zacks Investment Research cut Black Hills Corp. from a “strong-buy” rating to a “hold” rating in a report on Friday, July 22nd. Finally, JPMorgan Chase & Co. raised their target price on Black Hills Corp. from $62.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, August 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $61.33.
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.
Want to see what other hedge funds are holding BKH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Black Hills Corp. (NYSE:BKH).
Receive News & Ratings for Black Hills Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Hills Corp. and related companies with MarketBeat.com's FREE daily email newsletter.