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NYSE:BKHBlack Hills Stock Price, Forecast & News

$58.77
-1.11 (-1.85 %)
(As of 08/11/2020 04:00 PM ET)
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Today's Range
$58.61
Now: $58.77
$61.29
50-Day Range
$53.03
MA: $58.35
$61.90
52-Week Range
$48.07
Now: $58.77
$87.12
Volume428,943 shs
Average Volume523,837 shs
Market Capitalization$3.69 billion
P/E Ratio18.60
Dividend Yield3.57%
Beta0.3
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through Electric Utilities, Gas Utilities, Power Generation, and Mining segments. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 212,000 electric customers in Colorado, Montana, South Dakota, and Wyoming, as well as provides electrical system construction services to large industrial customers. This segment owns 939 megawatts of generation capacity and 8,858 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,054,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. It also provides appliance repair services to residential customers through company technicians and third-party service providers; and constructs and maintains gas infrastructure facilities for gas transportation customers. This segment owns and operates approximately 4,700 miles of intrastate gas transmission pipelines; 41,158 miles of gas distribution mains and service lines; 7 natural gas storage sites; and approximately 45,000 horsepower of compression and 600 miles of gathering lines. The Power Generation segment produces electric power through wind, natural gas, and coal generating plants; and sells the electric capacity and energy primarily to utilities under long-term contracts. The Mining segment produces coal at its coal mine located near Gillette, Wyoming; and sells the coal to electric generation facilities. Black Hills Corporation was founded in 1941 and is headquartered in Rapid City, South Dakota.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.51 out of 5 stars


Industry, Sector and Symbol

Industry Electric services
Sub-IndustryMulti-Utilities
SectorUtilities
CUSIP09211310
Phone605-721-1700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.73 billion
Cash Flow$6.89 per share
Book Value$41.67 per share

Profitability

Net Income$199.31 million

Miscellaneous

Employees2,944
Market Cap$3.69 billion
Next Earnings Date11/2/2020 (Estimated)
OptionableOptionable
$58.77
-1.11 (-1.85 %)
(As of 08/11/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Black Hills (NYSE:BKH) Frequently Asked Questions

How has Black Hills' stock been impacted by COVID-19 (Coronavirus)?

Black Hills' stock was trading at $70.28 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BKH shares have decreased by 16.4% and is now trading at $58.77.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Black Hills?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Black Hills in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Black Hills
.

When is Black Hills' next earnings date?

Black Hills is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for Black Hills
.

How were Black Hills' earnings last quarter?

Black Hills Corp (NYSE:BKH) announced its quarterly earnings results on Monday, August, 3rd. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by $0.03. The utilities provider had revenue of $326.90 million for the quarter, compared to analysts' expectations of $395.88 million. Black Hills had a net margin of 11.70% and a return on equity of 8.50%. Black Hills's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS.
View Black Hills' earnings history
.

How often does Black Hills pay dividends? What is the dividend yield for Black Hills?

Black Hills declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.535 per share on Tuesday, September 1st. This represents a $2.14 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Monday, August 17th.
View Black Hills' dividend history
.

What guidance has Black Hills issued on next quarter's earnings?

Black Hills updated its FY20 earnings guidance on Monday, August, 3rd. The company provided EPS guidance of $3.45-3.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.56.

What price target have analysts set for BKH?

8 brokerages have issued twelve-month price targets for Black Hills' shares. Their forecasts range from $66.00 to $88.00. On average, they expect Black Hills' stock price to reach $72.71 in the next year. This suggests a possible upside of 23.7% from the stock's current price.
View analysts' price targets for Black Hills
.

Has Black Hills been receiving favorable news coverage?

Headlines about BKH stock have trended very negative on Wednesday, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Black Hills earned a coverage optimism score of -3.5 on InfoTrie's scale. They also assigned media coverage about the utilities provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near term.
View the latest news about Black Hills
.

Who are some of Black Hills' key competitors?

What other stocks do shareholders of Black Hills own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Black Hills investors own include Verizon Communications (VZ), AT&T (T), Altria Group (MO), United Technologies (UTX), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Bank of Hawaii (BOH), Cisco Systems (CSCO), InterDigital Wireless (IDCC) and Coca-Cola (KO).

Who are Black Hills' key executives?

Black Hills' management team includes the following people:
  • Mr. David R. Emery, Exec. Chairman (Age 56)
  • Mr. Linden R. Evans, Pres, CEO & Director (Age 56)
  • Mr. Richard W. Kinzley, Sr. VP & CFO (Age 53)
  • Mr. Scott A. Buchholz, Sr. VP & Chief Information Officer (Age 57)
  • Mr. Brian G. Iverson, Sr. VP, Chief Compliance Officer, Gen. Counsel & Corp. Sec. (Age 56)

What is Black Hills' stock symbol?

Black Hills trades on the New York Stock Exchange (NYSE) under the ticker symbol "BKH."

Who are Black Hills' major shareholders?

Black Hills' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Macquarie Group Ltd. (3.29%), First Trust Advisors LP (1.33%), Victory Capital Management Inc. (0.95%), Duff & Phelps Investment Management Co. (0.90%), ProShare Advisors LLC (0.53%) and Principal Financial Group Inc. (0.31%). Company insiders that own Black Hills stock include Brian Iverson, David R Emery, Linden R Evans, Richard Kinzley, Shonn D Stahlecker and Tony A Jensen.
View institutional ownership trends for Black Hills
.

Which institutional investors are selling Black Hills stock?

BKH stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Victory Capital Management Inc., Macquarie Group Ltd., Nisa Investment Advisors LLC, Amalgamated Bank, State Board of Administration of Florida Retirement System, Texas Permanent School Fund, and Russell Investments Group Ltd.. Company insiders that have sold Black Hills company stock in the last year include David R Emery, and Shonn D Stahlecker.
View insider buying and selling activity for Black Hills
.

Which institutional investors are buying Black Hills stock?

BKH stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Assenagon Asset Management S.A., Duff & Phelps Investment Management Co., Benson Investment Management Company Inc., Peregrine Capital Management LLC, Swiss National Bank, Redpoint Investment Management Pty Ltd, and Farmers & Merchants Investments Inc.. Company insiders that have bought Black Hills stock in the last two years include Linden R Evans, and Tony A Jensen.
View insider buying and selling activity for Black Hills
.

How do I buy shares of Black Hills?

Shares of BKH 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, Robinhood, Fidelity, and Charles Schwab.

What is Black Hills' stock price today?

One share of BKH stock can currently be purchased for approximately $58.77.

How big of a company is Black Hills?

Black Hills has a market capitalization of $3.69 billion and generates $1.73 billion in revenue each year. The utilities provider earns $199.31 million in net income (profit) each year or $3.53 on an earnings per share basis. Black Hills employs 2,944 workers across the globe.

What is Black Hills' official website?

The official website for Black Hills is www.blackhillscorp.com.

How can I contact Black Hills?

Black Hills' mailing address is 7001 MOUNT RUSHMORE ROAD, RAPID CITY SD, 57702. The utilities provider can be reached via phone at 605-721-1700 or via email at [email protected]

This page was last updated on 8/12/2020 by MarketBeat.com Staff

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