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.
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.
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.
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.
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