Black Hills (NYSE:BKH) Now Covered by Analysts at BMO Capital Markets

Equities research analysts at BMO Capital Markets assumed coverage on shares of Black Hills (NYSE:BKH - Get Free Report) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set an "outperform" rating and a $68.00 price target on the utilities provider's stock. BMO Capital Markets' price target indicates a potential upside of 16.23% from the stock's current price.

Separately, Scotiabank reduced their price target on Black Hills from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th.

Black Hills Stock Down 0.3%

Shares of BKH stock traded down $0.17 on Tuesday, hitting $58.50. 437,993 shares of the stock were exchanged, compared to its average volume of 450,943. The company has a current ratio of 0.97, a quick ratio of 0.77 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $4.24 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 2.75 and a beta of 0.74. The business has a 50-day moving average of $59.71 and a 200 day moving average of $59.86. Black Hills has a fifty-two week low of $51.66 and a fifty-two week high of $65.59.

Black Hills (NYSE:BKH - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.05). The firm had revenue of $805.20 million for the quarter, compared to analyst estimates of $729.73 million. Black Hills had a return on equity of 7.82% and a net margin of 12.84%. The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.87 earnings per share. Equities analysts anticipate that Black Hills will post 4.12 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its stake in Black Hills by 66.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider's stock valued at $25,000 after buying an additional 173 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Black Hills by 182.8% during the 4th quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 298 shares in the last quarter. IMA Advisory Services Inc. acquired a new stake in shares of Black Hills during the 1st quarter valued at $30,000. Clearstead Trust LLC bought a new position in Black Hills during the 1st quarter worth $30,000. Finally, Global Retirement Partners LLC raised its position in Black Hills by 373.2% during the 4th quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider's stock worth $31,000 after purchasing an additional 418 shares during the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

About Black Hills

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.