Black Hills Corporation (NYSE:BKH) – Research analysts at Williams Capital increased their Q3 2017 EPS estimates for Black Hills Corporation in a report issued on Monday. Williams Capital analyst C. Ellinghaus now anticipates that the utilities provider will earn $0.57 per share for the quarter, up from their prior estimate of $0.53. Williams Capital currently has a “Buy” rating and a $76.00 target price on the stock. Williams Capital also issued estimates for Black Hills Corporation’s Q4 2017 earnings at $1.18 EPS, Q1 2018 earnings at $1.41 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $1.15 EPS, FY2018 earnings at $3.65 EPS and Q2 2019 earnings at $0.51 EPS.

Black Hills Corporation (NYSE:BKH) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by $0.10. The firm had revenue of $348 million for the quarter, compared to analyst estimates of $356.85 million. Black Hills Corporation had a net margin of 7.71% and a return on equity of 10.54%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS.

COPYRIGHT VIOLATION NOTICE: “Williams Capital Research Analysts Lift Earnings Estimates for Black Hills Corporation (NYSE:BKH)” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/08/08/williams-capital-research-analysts-lift-earnings-estimates-for-black-hills-corporation-nysebkh.html.

Several other brokerages also recently weighed in on BKH. Royal Bank Of Canada reiterated a “buy” rating and issued a $70.00 price objective on shares of Black Hills Corporation in a research report on Monday, July 31st. BidaskClub downgraded Black Hills Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. BMO Capital Markets boosted their price objective on Black Hills Corporation from $67.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Singular Research boosted their price objective on Black Hills Corporation from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Finally, Zacks Investment Research downgraded Black Hills Corporation from a “hold” rating to a “sell” rating in a research report on Monday, April 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $72.00.

Shares of Black Hills Corporation (NYSE BKH) opened at 70.33 on Tuesday. Black Hills Corporation has a 52-week low of $54.76 and a 52-week high of $72.02. The firm has a market cap of $3.76 billion, a P/E ratio of 34.73 and a beta of 0.82. The firm’s 50-day moving average is $69.39 and its 200-day moving average is $66.81.

Several institutional investors have recently bought and sold shares of BKH. Virginia Retirement Systems ET AL boosted its position in Black Hills Corporation by 0.4% in the second quarter. Virginia Retirement Systems ET AL now owns 26,600 shares of the utilities provider’s stock valued at $1,795,000 after buying an additional 100 shares during the period. Federated Investors Inc. PA boosted its position in Black Hills Corporation by 25.8% in the second quarter. Federated Investors Inc. PA now owns 27,791 shares of the utilities provider’s stock valued at $1,875,000 after buying an additional 5,698 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Black Hills Corporation by 41.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 36,985 shares of the utilities provider’s stock valued at $2,495,000 after buying an additional 10,803 shares during the period. BNP Paribas Arbitrage SA boosted its position in Black Hills Corporation by 113.3% in the second quarter. BNP Paribas Arbitrage SA now owns 25,791 shares of the utilities provider’s stock valued at $1,740,000 after buying an additional 13,699 shares during the period. Finally, Comerica Bank boosted its position in Black Hills Corporation by 1.0% in the second quarter. Comerica Bank now owns 41,722 shares of the utilities provider’s stock valued at $2,914,000 after buying an additional 412 shares during the period. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.78 annualized dividend and a dividend yield of 2.53%. Black Hills Corporation’s dividend payout ratio (DPR) is presently 74.79%.

Black Hills Corporation Company Profile

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.

Earnings History and Estimates for Black Hills Corporation (NYSE:BKH)

Receive News & Ratings for Black Hills Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Hills Corporation and related companies with MarketBeat.com's FREE daily email newsletter.