Black Hills Corporation (BKH) Position Maintained by Fruth Investment Management
Fruth Investment Management continued to hold its stake in Black Hills Corporation (NYSE:BKH) during the second quarter, Holdings Channel reports. The institutional investor owned 3,068 shares of the utilities provider’s stock at the end of the second quarter. Fruth Investment Management’s holdings in Black Hills Corporation were worth $206,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. boosted its stake in Black Hills Corporation by 5.9% in the first quarter. Eagle Asset Management Inc. now owns 81,622 shares of the utilities provider’s stock valued at $5,425,000 after buying an additional 4,558 shares in the last quarter. Teachers Advisors LLC boosted its stake in Black Hills Corporation by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 85,299 shares of the utilities provider’s stock valued at $5,232,000 after buying an additional 2,198 shares in the last quarter. Swiss National Bank boosted its stake in Black Hills Corporation by 1.9% in the first quarter. Swiss National Bank now owns 87,579 shares of the utilities provider’s stock valued at $5,821,000 after buying an additional 1,600 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in Black Hills Corporation by 243.8% in the first quarter. Sit Investment Associates Inc. now owns 6,875 shares of the utilities provider’s stock valued at $457,000 after buying an additional 4,875 shares in the last quarter. Finally, World Asset Management Inc purchased a new stake in Black Hills Corporation during the first quarter valued at about $218,000. 94.50% of the stock is currently owned by institutional investors.
Shares of Black Hills Corporation (NYSE:BKH) traded up 0.17% on Friday, hitting $69.98. 36,760 shares of the stock traded hands. Black Hills Corporation has a one year low of $54.76 and a one year high of $72.02. The company’s 50 day moving average is $69.43 and its 200 day moving average is $66.25. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 34.56 and a beta of 0.81.
Black Hills Corporation (NYSE:BKH) last released its earnings results on Wednesday, May 3rd. The utilities provider reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.01. Black Hills Corporation had a return on equity of 10.55% and a net margin of 6.53%. The company had revenue of $554 million for the quarter, compared to analysts’ expectations of $581 million. During the same quarter in the previous year, the business posted $1.23 EPS. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, equities analysts forecast that Black Hills Corporation will post $3.61 EPS for the current year.
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BKH has been the topic of several analyst reports. Zacks Investment Research raised shares of Black Hills Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, April 4th. Singular Research raised their price target on shares of Black Hills Corporation from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. BMO Capital Markets raised their price target on shares of Black Hills Corporation from $67.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $70.00 price target on shares of Black Hills Corporation in a research note on Friday, June 30th. Finally, BidaskClub cut shares of Black Hills Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $71.29.
About Black Hills Corporation
Black Hills Corporation is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through segments, including Electric Utilities, Gas Utilities, Power Generation, Mining, Oil and Gas, and Corporate. As of December 31, 2016, the Electric Utilities segment generated, transmitted and distributed electricity to approximately 208,500 customers in South Dakota, Wyoming, Colorado and Montana.
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