Black Hills Corporation (NYSE:BKH) was downgraded by stock analysts at Williams Capital from a “buy” rating to a “hold” rating in a research report issued on Friday. They currently have a $70.00 price target on the utilities provider’s stock, down from their prior price target of $75.00. Williams Capital’s target price suggests a potential upside of 1.23% from the company’s current price.

A number of other research analysts have also recently commented on BKH. Royal Bank Of Canada reiterated a “buy” rating and set a $70.00 price target on shares of Black Hills Corporation in a research report on Monday, July 31st. Credit Suisse Group AG increased their price target on shares of Black Hills Corporation from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday. Zacks Investment Research upgraded shares of Black Hills Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, BidaskClub cut shares of Black Hills Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $73.80.

Shares of Black Hills Corporation (NYSE:BKH) opened at 69.15 on Friday. Black Hills Corporation has a 12-month low of $54.76 and a 12-month high of $72.02. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 28.87 and a beta of 0.79. The firm’s 50-day moving average is $69.56 and its 200-day moving average is $68.89.

Black Hills Corporation (NYSE:BKH) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). Black Hills Corporation had a net margin of 7.71% and a return on equity of 10.48%. The business had revenue of $348.00 million for the quarter, compared to the consensus estimate of $356.85 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. On average, equities analysts predict that Black Hills Corporation will post $3.57 EPS for the current year.

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Several institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Black Hills Corporation by 1.1% in the second quarter. BlackRock Inc. now owns 8,335,355 shares of the utilities provider’s stock worth $562,384,000 after purchasing an additional 91,668 shares during the last quarter. State Street Corp grew its holdings in shares of Black Hills Corporation by 43.5% in the first quarter. State Street Corp now owns 5,412,338 shares of the utilities provider’s stock worth $325,439,000 after purchasing an additional 1,640,495 shares during the last quarter. BlackRock Fund Advisors grew its holdings in shares of Black Hills Corporation by 5.1% in the third quarter. BlackRock Fund Advisors now owns 5,293,831 shares of the utilities provider’s stock worth $324,088,000 after purchasing an additional 257,852 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Black Hills Corporation by 2.3% in the second quarter. Vanguard Group Inc. now owns 5,223,071 shares of the utilities provider’s stock worth $352,401,000 after purchasing an additional 118,774 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Black Hills Corporation by 7.4% in the second quarter. Goldman Sachs Group Inc. now owns 2,494,071 shares of the utilities provider’s stock worth $168,275,000 after purchasing an additional 171,383 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

About Black Hills Corporation

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.

Analyst Recommendations for Black Hills Corporation (NYSE:BKH)

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