About Black Hills Corporation (NYSE:BKH)
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. The Gas Utilities Segment includes the natural gas operations of Cheyenne Light. The Power Generation segment produces electric power from its generating plants and sells the electric capacity and energy principally to its utilities under long-term contracts. The Mining segment operates through its Wyodak Resources Development Corp. (WRDC) subsidiary. The Company's Oil and Gas segment acquires, explores for, develops and produces natural gas and crude oil in the United States primarily in the Rocky Mountain region.
Industry, Sector and Symbol:
- Industry: Multiline Utilities
- Sub-Industry: Multi-Utilities
- Sector: Multiline Utilities - NEC
- Symbol: NYSE:BKH
- CUSIP: 09211310
- Web: www.blackhillscorp.com
- Debt-to-Equity Ratio: 1.73%
- Current Ratio: 0.69%
- Quick Ratio: 0.47%
Sales & Book Value:
- Trailing P/E Ratio: 17.34
- Forward P/E Ratio: 17.59
- P/E Growth: 3.15
- Annual Sales: $1.573 billion
- Price / Sales: 2.00
- Cash Flow: $6.88 per share
- Price / Cash: 8.56
- Book Value: $33.58 per share
- Price / Book: 1.75
- Annual Dividend: $1.78
- Dividend Yield: 3.1%
- Trailing EPS: $2.63
- Net Income: $72.96 million
- Net Margins: 8.47%
- Return on Equity: 10.47%
- Return on Assets: 2.86%
- Employees: 2,834
- Outstanding Shares: 53,490,000
Frequently Asked Questions for Black Hills Corporation (NYSE:BKH)
What is Black Hills Corporation's stock symbol?
Black Hills Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "BKH."
How often does Black Hills Corporation pay dividends? What is the dividend yield for Black Hills Corporation?
Black Hills Corporation declared a quarterly dividend on Wednesday, November 1st. Investors of record on Friday, November 17th will be given a dividend of $0.475 per share on Friday, December 1st. This represents a $1.90 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, November 16th. This is an increase from Black Hills Corporation's previous quarterly dividend of $0.45. View Black Hills Corporation's Dividend History.
How were Black Hills Corporation's earnings last quarter?
Black Hills Corporation (NYSE:BKH) issued its earnings results on Thursday, November, 2nd. The utilities provider reported $0.50 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.55 by $0.05. The utilities provider earned $342.10 million during the quarter, compared to analyst estimates of $369.84 million. Black Hills Corporation had a net margin of 8.47% and a return on equity of 10.47%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 earnings per share. View Black Hills Corporation's Earnings History.
When will Black Hills Corporation make its next earnings announcement?
What guidance has Black Hills Corporation issued on next quarter's earnings?
Black Hills Corporation updated its FY18 earnings guidance on Thursday, November, 2nd. The company provided earnings per share guidance of $3.35-3.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.65. Black Hills Corporation also updated its FY17 guidance to $3.30-3.40 EPS.
Where is Black Hills Corporation's stock going? Where will Black Hills Corporation's stock price be in 2017?
8 brokers have issued 12-month price targets for Black Hills Corporation's stock. Their predictions range from $58.00 to $77.00. On average, they anticipate Black Hills Corporation's share price to reach $68.13 in the next twelve months. View Analyst Ratings for Black Hills Corporation.
Who are some of Black Hills Corporation's key competitors?
Some companies that are related to Black Hills Corporation include ServiceMaster Global Holdings (SERV), Endurance Specialty Holdings (ENH), Teledyne Technologies Incorporated (TDY), US Foods Holding Corp. (USFD), Healthcare Trust of America (HTA), American Homes 4 Rent (AMH), Dolby Laboratories (DLB), Park Hotels & Resorts (PK), Companhia Brasileira de Distribuicao (CBD), New York Community Bancorp (NYCB), CIT Group Inc (DEL) (CIT), Leggett & Platt, Incorporated (LEG), Macy's (M), Gardner Denver Holdings (GDI), Guidewire Software (GWRE), Donaldson Company (DCI), Antero Resources Corporation (AR) and Olin Corporation (OLN).
Who are Black Hills Corporation's key executives?
Black Hills Corporation's management team includes the folowing people:
- David R. Emery, Chairman of the Board, Chief Executive Officer (Age 72)
- Linden R. Evans, President, Chief Operating Officer (Age 54)
- Richard W Kinzley, Chief Financial Officer, Senior Vice President (Age 51)
- Jennifer C. Landis, Chief Human Resource Officer, Senior Vice President (Age 42)
- Scott A Buchholz, Senior Vice President, Chief Information Officer (Age 55)
- Brian G. Iverson, Senior Vice President, General Counsel (Age 54)
- John B. Vering, Lead Independent Director (Age 67)
- Michael H. Madison, Independent Director (Age 68)
- Linda K. Massman, Independent Director (Age 50)
- Steven R. Mills, Independent Director (Age 61)
Who owns Black Hills Corporation stock?
Black Hills Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include
VANGUARD GROUP INC
(10.09%), Victory Capital Management Inc. (2.10%), Duff & Phelps Investment Management Co. (2.00%), Macquarie Group Ltd. (1.95%), Janus Henderson Group PLC (1.79%) and Dimensional Fund Advisors LP (1.65%). Company insiders that own Black Hills Corporation stock include Jennifer C Landis and Thomas J Zeller. View Institutional Ownership Trends for Black Hills Corporation.
Who sold Black Hills Corporation stock? Who is selling Black Hills Corporation stock?
Black Hills Corporation's stock was sold by a variety of institutional investors in the last quarter, including Cramer Rosenthal Mcglynn LLC, Keeley Teton Advisors LLC, Dimensional Fund Advisors LP, Citadel Advisors LLC, Victory Capital Management Inc., Systematic Financial Management LP, Friedberg Investment Management and New York State Common Retirement Fund. View Insider Buying and Selling for Black Hills Corporation.
Who bought Black Hills Corporation stock? Who is buying Black Hills Corporation stock?
Black Hills Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Rothschild Asset Management Inc., Macquarie Group Ltd., Monarch Partners Asset Management LLC, Janus Henderson Group PLC, Russell Investments Group Ltd., Strs Ohio and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Black Hills Corporation.
How do I buy Black Hills Corporation stock?
Shares of Black Hills Corporation can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Black Hills Corporation's stock price today?
One share of Black Hills Corporation stock can currently be purchased for approximately $58.93.
How big of a company is Black Hills Corporation?
Black Hills Corporation has a market capitalization of $3.16 billion and generates $1.573 billion in revenue each year. The utilities provider earns $72.96 million in net income (profit) each year or $2.63 on an earnings per share basis. Black Hills Corporation employs 2,834 workers across the globe.
How can I contact Black Hills Corporation?
Black Hills Corporation's mailing address is 625 9th St PO Box 1400, RAPID CITY, SD 57709-1400, United States. The utilities provider can be reached via phone at +1-605-7212343 or via email at [email protected]
MarketBeat Community Rating for Black Hills Corporation (NYSE BKH)MarketBeat's community ratings are surveys of what our community members think about Black Hills Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Black Hills Corporation (NYSE:BKH) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 3 Hold Ratings, 5 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.63)|
|Consensus Price Target: ||$68.13 (15.60% upside)|
Consensus Price Target History for Black Hills Corporation (NYSE:BKH)
Analysts' Ratings History for Black Hills Corporation (NYSE:BKH)
(Data available from 11/18/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/13/2017||Bank of America Corporation||Upgrade||Underperform -> Neutral||$61.00||N/A|
|11/6/2017||Credit Suisse Group||Reiterated Rating||Outperform||$77.00 -> $66.00||N/A|
|11/6/2017||Royal Bank Of Canada||Lower Price Target||Outperform -> Outperform||$72.00 -> $64.00||N/A|
|10/27/2017||Wells Fargo & Company||Initiated Coverage||Market Perform -> Market Perform||$58.00||N/A|
|10/12/2017||J P Morgan Chase & Co||Boost Price Target||Overweight||$76.00 -> $77.00||N/A|
|10/6/2017||Williams Capital||Downgrade||Buy -> Hold||$75.00 -> $70.00||N/A|
|5/15/2017||BMO Capital Markets||Boost Price Target||Outperform||$67.00 -> $74.00||N/A|
|5/10/2017||Singular Research||Boost Price Target||Buy -> Buy||$68.00 -> $75.00||Low|
Earnings History and Estimates Chart for Black Hills Corporation (NYSE:BKH)
Earnings History by Quarter for Black Hills Corporation (NYSE BKH)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/2/2017||Q3 2017||$0.55||$0.50||$369.84 million||$342.10 million||View||N/A|
|8/3/2017||Q2 2017||$0.51||$0.41||$356.85 million||$348.00 million||View||Listen|
|5/3/2017||Q1 2017||$1.40||$1.41||$581.00 million||$554.00 million||View||Listen|
|2/1/2017||Q4 2016||$0.99||$1.07||$536.20 million||$463.80 million||View||Listen|
|11/2/2016||Q316||$0.43||$0.48||$414.77 million||$333.80 million||View||N/A|
|8/3/2016||Q2||$0.53||$0.39||$468.21 million||$325.40 million||View||N/A|
|5/3/2016||Q1||$0.99||$1.23||$488.73 million||$450.00 million||View||N/A|
|2/2/2016||Q4||$0.67||$0.71||$482.49 million||$318.30 million||View||N/A|
|11/3/2015||Q3||$0.58||$0.64||$340.68 million||$272.10 million||View||Listen|
|8/4/2015||Q2||$0.43||$0.56||$289.10 million||$272.30 million||View||Listen|
|5/4/2015||Q114||$1.00||$1.07||$403.39 million||$442.00 million||View||N/A|
|2/2/2015||Q4||$0.77||$0.76||$361.30 million||$378.10 million||View||Listen|
|11/3/2014||Q313||$0.52||$0.60||$289.71 million||$272.10 million||View||Listen|
|8/5/2014||Q2||$0.49||$0.44||$332.82 million||$283.30 million||View||Listen|
|5/1/2014||Q1||$0.89||$1.08||$396.00 million||$460.10 million||View||Listen|
|2/7/2014||Q4||$0.62||$0.68||$359.70 million||$355.40 million||View||Listen|
|11/5/2013||Q213||$0.44||$0.47||$323.52 million||$259.90 million||View||Listen|
|8/6/2013||Q2 2013||$0.42||$0.41||$285.94 million||$279.80 million||View||Listen|
|5/2/2013||Q1 2013||$0.74||$0.87||$381.58 million||View||Listen|
|1/31/2013||Q4 2012||$0.63||$0.68||$365.30 million||$356.00 million||View||Listen|
Earnings Estimates for Black Hills Corporation (NYSE:BKH)
2017 EPS Consensus Estimate: $3.69
2018 EPS Consensus Estimate: $3.63
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Black Hills Corporation (NYSE:BKH)
|Dividend Growth:||3.40% (3 Year Average)|
|Payout Ratio:||67.68% (Trailing 12 Months of Earnings) |
53.13% (Based on This Year's Estimates)
51.30% (Based on Next Year's Estimates)
|Track Record:||47 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Black Hills Corporation (NYSE BKH)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Black Hills Corporation (NYSE BKH)
Insider Ownership Percentage: 1.10%
Institutional Ownership Percentage: 93.89%
Insider Trades by Quarter for Black Hills Corporation (NYSE BKH)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/3/2017||Thomas J Zeller||Director||Sell||284||$65.28||$18,539.52|| |
|2/8/2017||Jennifer C Landis||SVP||Buy||1,200||$60.85||$73,020.00|| |
|11/6/2015||Gary L Pechota||Director||Buy||1,000||$44.29||$44,290.00|| |
|8/26/2015||Richard Kinzley||CFO||Buy||1,087||$38.76||$42,132.12|| |
|8/26/2015||Steven Richard Mills||Director||Buy||2,500||$38.87||$97,175.00|| |
|8/12/2015||Gary L Pechota||Director||Buy||1,000||$42.25||$42,250.00|| |
|5/14/2015||Gary L Pechota||Director||Buy||1,000||$46.96||$46,960.00|| |
|3/6/2015||Richard Kinzley||CFO||Buy||1,003||$48.81||$48,956.43|| |
|2/10/2014||Robert Myers||Insider||Sell||2,500||$54.14||$135,350.00|| |
|6/5/2013||Michael Madison||Director||Buy||4,850||$47.49||$230,326.50|| |
|8/27/2012||Warren L Robinson||Director||Buy||2,000||$34.26||$68,520.00|| |
Headline Trends for Black Hills Corporation (NYSE:BKH)
Latest Headlines for Black Hills Corporation (NYSE BKH)
|Black Hills Corp. : BKH-US: Dividend Analysis : November 17th, 2017 (record date) : By the numbers : November 17, 2017|
finance.yahoo.com - November 17 at 2:48 PM
|Black Hills Corporation (BKH) Upgraded at Bank of America Corporation|
www.americanbankingnews.com - November 13 at 10:06 AM
|Black Hills Corporation (BKH) Raises Dividend to $0.48 Per Share|
www.americanbankingnews.com - November 11 at 10:22 AM
|Gabelli Analysts Decrease Earnings Estimates for Black Hills Corporation (BKH)|
www.americanbankingnews.com - November 9 at 2:24 PM
|Black Hills Corporation to Post FY2017 Earnings of $3.35 Per Share, Gabelli Forecasts (BKH)|
www.americanbankingnews.com - November 8 at 12:30 PM
|Black Hills misses 3Q profit forecasts|
finance.yahoo.com - November 6 at 5:39 PM
|Credit Suisse Group Reiterates Outperform Rating for Black Hills Corporation (BKH)|
www.americanbankingnews.com - November 6 at 11:38 AM
|Royal Bank Of Canada Lowers Black Hills Corporation (BKH) Price Target to $64.00|
www.americanbankingnews.com - November 6 at 9:59 AM
|Black Hills Corp Profit Climbs 7% In Q3|
www.nasdaq.com - November 4 at 3:16 AM
|Black Hills' (BKH) CEO David Emery on Q3 2017 Results - Earnings Call Transcript|
seekingalpha.com - November 4 at 3:16 AM
|Edited Transcript of BKH earnings conference call or presentation 3-Nov-17 3:00pm GMT|
finance.yahoo.com - November 4 at 3:16 AM
|Black Hills Corporation to Host Earnings Call|
finance.yahoo.com - November 3 at 5:10 PM
|Black Hills Corporation (BKH) Announces Earnings Results, Misses Expectations By $0.05 EPS|
www.americanbankingnews.com - November 3 at 5:02 PM
|Black Hills Corp. Reports Third Quarter 2017 Results and Provides Earnings Guidance Updates|
feeds.benzinga.com - November 2 at 10:01 PM
|Black Hills Corporation (BKH) Releases FY18 Earnings Guidance|
www.americanbankingnews.com - November 2 at 9:06 PM
|Black Hills Corporation (BKH) Updates FY17 Earnings Guidance|
www.americanbankingnews.com - November 2 at 9:06 PM
|Black Hills Corporation (BKH) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - November 2 at 12:18 PM
|ETFs with exposure to Black Hills Corp. : October 30, 2017|
finance.yahoo.com - October 30 at 5:39 PM
|Black Hills Corporation (BKH) Scheduled to Post Quarterly Earnings on Thursday|
www.americanbankingnews.com - October 26 at 4:16 AM
|Contrasting Black Hills Corporation (BKH) and Its Competitors|
www.americanbankingnews.com - October 15 at 2:10 AM
|Black Hills Corporation (BKH) PT Raised to $77.00 at J P Morgan Chase & Co|
www.americanbankingnews.com - October 14 at 10:46 PM
|Black Hills Corp. Schedules 2017 Third Quarter Earnings Release and Conference Call|
www.nasdaq.com - October 11 at 3:51 AM
|Black Hills Corporation (BKH) Given Average Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - October 8 at 9:00 AM
|BKH Makes Notable Cross Below Critical Moving Average|
www.nasdaq.com - October 7 at 5:07 PM
|Black Hills Corp. – Value Analysis (NYSE:BKH) : October 6, 2017|
finance.yahoo.com - October 6 at 4:51 PM
|Black Hills Corporation (BKH) Downgraded by Williams Capital to "Hold"|
www.americanbankingnews.com - October 6 at 9:12 AM
|Black Hills Corp. breached its 50 day moving average in a Bullish Manner : BKH-US : October 5, 2017|
finance.yahoo.com - October 5 at 3:27 PM
|$0.57 Earnings Per Share Expected for Black Hills Corporation (BKH) This Quarter|
www.americanbankingnews.com - October 4 at 10:24 PM
|Black Hills Corp. Announces Analyst Day Presentation Topics|
finance.yahoo.com - October 4 at 6:14 PM
|Credit Suisse Group Increases Black Hills Corporation (BKH) Price Target to $77.00|
www.americanbankingnews.com - October 2 at 10:52 PM
|Head-To-Head Review: Black Hills Corporation (BKH) and Its Competitors|
www.americanbankingnews.com - October 2 at 4:18 PM
|Black Hills Corporation (BKH) & Its Peers Head-To-Head Review|
www.americanbankingnews.com - October 1 at 4:38 PM
|Contrasting Black Hills Corporation (BKH) & Its Rivals|
www.americanbankingnews.com - September 29 at 8:48 AM
|Black Hills Corp. to Host 2017 Analyst Day on Thursday, Oct. 5 in New York City|
www.nasdaq.com - September 28 at 1:17 PM
|Analyzing Black Hills Corporation (BKH) and Its Rivals|
www.americanbankingnews.com - September 23 at 10:28 PM
|Head-To-Head Contrast: Black Hills Corporation (BKH) and Its Peers|
www.americanbankingnews.com - September 23 at 8:30 PM
|Black Hills Corporation (BKH) and Its Peers Critical Contrast|
www.americanbankingnews.com - September 23 at 12:26 AM
|Head to Head Review: Black Hills Corporation (BKH) vs. Its Competitors|
www.americanbankingnews.com - September 22 at 12:22 AM
|Black Hills Corp. : BKH-US: Dividend Analysis : August 18th, 2017 (record date) : By the numbers : September 18, 2017|
finance.yahoo.com - September 18 at 9:58 PM
|Reviewing Black Hills Corporation (BKH) and Its Peers|
www.americanbankingnews.com - September 17 at 8:20 AM
|Black Hills Corporation (BKH) Expected to Announce Earnings of $0.57 Per Share|
www.americanbankingnews.com - September 16 at 4:20 AM
|Black Hills Corp. breached its 50 day moving average in a Bearish Manner : BKH-US : September 13, 2017|
finance.yahoo.com - September 13 at 5:46 PM
|Black Hills Corporation (BKH) Given Average Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - September 13 at 9:34 AM
|Black Hills Shows Rising Relative Price Performance; Still Shy Of Key Benchmark|
finance.yahoo.com - September 11 at 5:16 PM
|Black Hills Corporation (BKH) versus CenterPoint Energy (CNP) Head to Head Contrast|
www.americanbankingnews.com - September 7 at 6:16 AM
|Analyzing Black Hills Corporation (BKH) and Avista Corporation (AVA)|
www.americanbankingnews.com - September 3 at 10:26 PM
|ETFs with exposure to Black Hills Corp. : August 31, 2017|
finance.yahoo.com - August 31 at 9:30 PM
|Black Hills Corp. :BKH-US: Earnings Analysis: Q2, 2017 By the Numbers : August 28, 2017|
finance.yahoo.com - August 28 at 4:31 PM
|Head to Head Review: Black Hills Corporation (BKH) vs. National Grid Transco, PLC (NGG)|
www.americanbankingnews.com - August 25 at 4:10 AM
|Black Hills (BKH) Presents At CFA Society of Minnesota 6th Annual Intellisight Conference - Slideshow|
seekingalpha.com - August 23 at 4:46 PM
Black Hills Corporation (NYSE BKH) Chart for Saturday, November, 18, 2017