Black Hills Corp. PT Raised to $63.00 (BKH)
Equities researchers at Credit Suisse boosted their price objective on shares of Black Hills Corp. (NYSE:BKH) from $49.00 to $63.00 in a research report issued on Wednesday, AnalystRatings.NET reports. Credit Suisse’s price objective indicates a potential upside of 11.50% from the stock’s previous close.
In other Black Hills Corp. news, Insider Robert Myers sold 2,500 shares of the stock on the open market in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $54.14, for a total value of $135,350.00. Following the completion of the transaction, the insider now directly owns 25,801 shares in the company, valued at approximately $1,396,866. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Black Hills Corp. (NYSE:BKH) traded down 1.06% on Wednesday, hitting $55.90. The stock had a trading volume of 296,664 shares. Black Hills Corp. has a one year low of $40.61 and a one year high of $57.58. The stock’s 50-day moving average is $53.77 and its 200-day moving average is $51.19. The company has a market cap of $2.487 billion and a price-to-earnings ratio of 21.83.
Black Hills Corp. (NYSE:BKH) last released its earnings data 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 announced a quarterly dividend, which is scheduled for Saturday, March 1st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.76%. The ex-dividend date 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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