Shares of Black Hills Corp (NYSE:BKH) have been given an average recommendation of “Buy” by the eleven ratings firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $67.13.

Several equities analysts have recently issued reports on BKH shares. Williams Capital lowered Black Hills from a “buy” rating to a “hold” rating and cut their price target for the company from $75.00 to $70.00 in a research note on Friday, October 6th. Credit Suisse Group downgraded Black Hills from an “outperform” rating to a “neutral” rating and set a $66.00 price objective for the company. in a report on Tuesday, January 9th. Royal Bank of Canada dropped their price objective on Black Hills from $72.00 to $64.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Bank of America began coverage on Black Hills in a report on Tuesday, October 24th. They issued an “underperform” rating and a $66.00 price objective for the company. Finally, Wells Fargo & Co began coverage on Black Hills in a report on Friday, October 27th. They issued a “market perform” rating and a $58.00 price objective for the company.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKH. Schwab Charles Investment Management Inc. increased its holdings in Black Hills by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 338,468 shares of the utilities provider’s stock valued at $22,837,000 after purchasing an additional 19,070 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Black Hills by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,950 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 146 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Black Hills by 5.5% in the second quarter. Principal Financial Group Inc. now owns 227,303 shares of the utilities provider’s stock worth $15,337,000 after acquiring an additional 11,863 shares in the last quarter. Swiss National Bank increased its holdings in shares of Black Hills by 1.6% in the second quarter. Swiss National Bank now owns 88,979 shares of the utilities provider’s stock worth $6,003,000 after acquiring an additional 1,400 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Black Hills by 5.1% in the second quarter. JPMorgan Chase & Co. now owns 4,424 shares of the utilities provider’s stock worth $298,000 after acquiring an additional 213 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Shares of Black Hills (NYSE:BKH) traded down $0.55 on Tuesday, hitting $54.44. The stock had a trading volume of 663,200 shares, compared to its average volume of 780,067. The company has a quick ratio of 0.47, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. Black Hills has a twelve month low of $54.20 and a twelve month high of $72.02. The firm has a market capitalization of $2,911.70, a price-to-earnings ratio of 20.78, a PEG ratio of 3.23 and a beta of 0.73.

Black Hills (NYSE:BKH) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.05). Black Hills had a net margin of 8.47% and a return on equity of 10.47%. The firm had revenue of $342.10 million for the quarter, compared to analyst estimates of $369.84 million. During the same period last year, the company earned $0.48 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. equities analysts predict that Black Hills will post 3.34 EPS for the current fiscal year.

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Black Hills Company Profile

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.

Analyst Recommendations for Black Hills (NYSE:BKH)

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