Black Hills Co. (NYSE:BKH) Short Interest Down 5.3% in December

Black Hills Co. (NYSE:BKHGet Rating) saw a large drop in short interest in the month of December. As of December 30th, there was short interest totalling 2,130,000 shares, a drop of 5.3% from the December 15th total of 2,250,000 shares. Based on an average daily volume of 439,000 shares, the days-to-cover ratio is currently 4.9 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, December 17th. Wells Fargo & Company raised their price objective on Black Hills from $65.00 to $71.00 in a research note on Wednesday, December 14th. Finally, Bank of America lowered Black Hills from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $87.00 to $66.00 in a research note on Thursday, October 13th.

Black Hills Stock Performance

Shares of Black Hills stock opened at $70.58 on Wednesday. The stock has a market cap of $4.59 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 3.19 and a beta of 0.53. The business has a fifty day simple moving average of $70.31 and a 200-day simple moving average of $71.12. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 1.38. Black Hills has a 12 month low of $59.08 and a 12 month high of $80.95.

Black Hills (NYSE:BKHGet Rating) last issued its earnings results on Wednesday, November 2nd. The utilities provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.13). The business had revenue of $462.60 million during the quarter. Black Hills had a return on equity of 8.70% and a net margin of 11.07%. On average, sell-side analysts anticipate that Black Hills will post 4.08 EPS for the current fiscal year.

Institutional Trading of Black Hills

A number of institutional investors have recently bought and sold shares of the company. First Hawaiian Bank boosted its position in Black Hills by 2.3% during the third quarter. First Hawaiian Bank now owns 6,662 shares of the utilities provider’s stock valued at $451,000 after purchasing an additional 148 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in Black Hills by 0.5% during the second quarter. SeaCrest Wealth Management LLC now owns 31,828 shares of the utilities provider’s stock valued at $2,316,000 after buying an additional 149 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Black Hills by 1.1% during the first quarter. Allianz Asset Management GmbH now owns 13,420 shares of the utilities provider’s stock valued at $1,034,000 after buying an additional 151 shares in the last quarter. Captrust Financial Advisors raised its holdings in Black Hills by 3.7% during the first quarter. Captrust Financial Advisors now owns 4,322 shares of the utilities provider’s stock valued at $333,000 after buying an additional 154 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Black Hills by 0.3% during the second quarter. Nisa Investment Advisors LLC now owns 50,340 shares of the utilities provider’s stock valued at $3,663,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

About Black Hills

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Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 218,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,481.5 megawatts of generation capacity and 8,892 miles of electric transmission and distribution lines.

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