Black Hills Corp. Insider Sells $135,350 in Stock (BKH)
Black Hills Corp. (NYSE:BKH) Insider Robert A. Myers sold 2,500 shares of Black Hills Corp. stock on the open market in a transaction dated Monday, February 10th. The stock was sold at an average price of $54.14, for a total transaction of $135,350.00. Following the sale, the insider now directly owns 25,801 shares of the company’s stock, valued at approximately $1,396,866. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Black Hills Corp. (NYSE:BKH) traded up 1.58% during mid-day trading on Tuesday, hitting $55.15. 219,813 shares of the company’s stock traded hands. Black Hills Corp. has a 52 week low of $39.55 and a 52 week high of $57.58. The stock’s 50-day moving average is $53.19 and its 200-day moving average is $51.08. The company has a P/E ratio of 20.98.
Black Hills Corp. (NYSE:BKH) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.06. The company had revenue of $355.40 million for the quarter, compared to the consensus estimate of $359.70 million. During the same quarter last year, the company posted $0.68 earnings per share. Black Hills Corp.’s revenue was up 11.4% compared to the same quarter last year. Analysts expect that Black Hills Corp. will post $2.60 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, March 1st. Shareholders of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, February 12th. This is a positive change from Black Hills Corp.’s previous quarterly dividend of $0.38.
Black Hills Corporation is a diversified energy company. The Company operates with two major business groups: Utilities and Non-regulated Energy.
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