Black Hills Corporation (NYSE:BKH) has earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. 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. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $73.40.

BKH has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $70.00 price objective on shares of Black Hills Corporation in a report on Monday, July 31st. BidaskClub cut Black Hills Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Singular Research boosted their price objective on Black Hills Corporation from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. BMO Capital Markets boosted their price objective on Black Hills Corporation from $67.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Finally, Williams Capital boosted their price objective on Black Hills Corporation from $68.00 to $76.00 and gave the stock a “buy” rating in a report on Monday, June 19th.

Several large investors have recently modified their holdings of BKH. BlackRock Inc. boosted its stake in shares of Black Hills Corporation by 6,088.6% in the first quarter. BlackRock Inc. now owns 8,243,687 shares of the utilities provider’s stock valued at $547,958,000 after buying an additional 8,110,479 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Black Hills Corporation by 76.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,322,688 shares of the utilities provider’s stock valued at $154,389,000 after buying an additional 1,008,172 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Black Hills Corporation during the second quarter valued at about $61,993,000. Vanguard Group Inc. boosted its stake in shares of Black Hills Corporation by 13.9% in the first quarter. Vanguard Group Inc. now owns 5,104,297 shares of the utilities provider’s stock valued at $339,282,000 after buying an additional 624,839 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of Black Hills Corporation by 24.1% in the first quarter. Wellington Management Group LLP now owns 1,938,261 shares of the utilities provider’s stock valued at $128,836,000 after buying an additional 376,732 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

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Shares of Black Hills Corporation (NYSE:BKH) traded up 0.90% during mid-day trading on Friday, hitting $69.77. The company’s stock had a trading volume of 155,296 shares. Black Hills Corporation has a 1-year low of $54.76 and a 1-year high of $72.02. The company has a 50-day moving average of $69.21 and a 200 day moving average of $67.58. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 29.13 and a beta of 0.82.

Black Hills Corporation (NYSE:BKH) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.10. Black Hills Corporation had a return on equity of 10.48% and a net margin of 7.71%. The firm had revenue of $348 million for the quarter, compared to the consensus estimate of $356.85 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The company’s revenue was up 6.9% on a year-over-year basis. On average, analysts expect that Black Hills Corporation will post $3.57 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Wednesday, August 16th. Black Hills Corporation’s dividend payout ratio (DPR) is currently 74.79%.

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.

Analyst Recommendations for Black Hills Corporation (NYSE:BKH)

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