Black Hills (NYSE:BKH) Given New $53.00 Price Target at JPMorgan Chase

Black Hills (NYSE:BKH) had its target price hoisted by JPMorgan Chase from $52.00 to $53.00 in a research note published on Tuesday, April 10th, Marketbeat Ratings reports. They currently have a hold rating on the utilities provider’s stock.

Several other equities research analysts also recently commented on the company. Zacks Investment Research upgraded Black Hills from a sell rating to a hold rating in a report on Tuesday, March 27th. Williams Capital upgraded Black Hills from a hold rating to a buy rating and decreased their price objective for the company from $70.00 to $62.00 in a report on Wednesday, January 10th. Finally, Credit Suisse Group cut Black Hills from an outperform rating to a neutral rating and set a $66.00 target price on the stock. in a research report on Tuesday, January 9th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $64.13.

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NYSE BKH opened at $54.24 on Tuesday. The company has a market cap of $2,918.73, a PE ratio of 16.52, a PEG ratio of 3.46 and a beta of 0.52. Black Hills has a 52 week low of $50.49 and a 52 week high of $72.02. The company has a quick ratio of 0.70, a current ratio of 0.88 and a debt-to-equity ratio of 1.71.

Black Hills (NYSE:BKH) last released its quarterly earnings data on Thursday, February 1st. The utilities provider reported $0.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.09). The firm had revenue of $455.30 million for the quarter, compared to the consensus estimate of $504.05 million. Black Hills had a net margin of 10.83% and a return on equity of 10.10%. equities analysts anticipate that Black Hills will post 3.41 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Brookfield Asset Management Inc. purchased a new position in shares of Black Hills during the fourth quarter valued at approximately $11,373,000. MetLife Investment Advisors LLC purchased a new position in shares of Black Hills during the fourth quarter valued at approximately $3,494,000. Jane Street Group LLC boosted its position in shares of Black Hills by 85.4% during the fourth quarter. Jane Street Group LLC now owns 7,602 shares of the utilities provider’s stock valued at $457,000 after buying an additional 3,502 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Black Hills during the fourth quarter valued at approximately $2,605,000. Finally, LPL Financial LLC boosted its position in shares of Black Hills by 247.2% during the fourth quarter. LPL Financial LLC now owns 12,188 shares of the utilities provider’s stock valued at $733,000 after buying an additional 8,678 shares during the last quarter. 98.15% of the stock is currently owned by institutional investors.

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Black Hills Company Profile

Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility company in the United States. The company's Electric Utilities segment generates, transmits, and distributes electricity to approximately 210,000 electric customers in South Dakota, Wyoming, Colorado, and Montana.

Analyst Recommendations for Black Hills (NYSE:BKH)

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