Media coverage about Black Hills (NYSE:BKH) has trended somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Black Hills earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.4218412802108 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Black Hills stock opened at $53.22 on Thursday. The company has a market capitalization of $2,868.93, a price-to-earnings ratio of 15.93, a P/E/G ratio of 3.41 and a beta of 0.61. Black Hills has a fifty-two week low of $50.49 and a fifty-two week high of $72.02. The company has a current ratio of 0.88, a quick ratio of 0.70 and a debt-to-equity ratio of 1.71.
Black Hills (NYSE:BKH) last issued its quarterly earnings results on Thursday, February 1st. The utilities provider reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.09). The business had revenue of $455.30 million for the quarter, compared to the consensus estimate of $504.05 million. Black Hills had a return on equity of 10.10% and a net margin of 10.83%. analysts anticipate that Black Hills will post 3.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 15th were issued a dividend of $0.475 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.90 dividend on an annualized basis and a yield of 3.57%. Black Hills’s dividend payout ratio (DPR) is currently 56.89%.
A number of research analysts have recently weighed in on BKH shares. Credit Suisse Group lowered Black Hills from an “outperform” rating to a “neutral” rating and set a $66.00 target price on the stock. in a report on Tuesday, January 9th. Williams Capital upgraded Black Hills from a “hold” rating to a “buy” rating and dropped their target price for the company from $70.00 to $62.00 in a report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. dropped their target price on Black Hills from $67.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Black Hills presently has an average rating of “Hold” and an average target price of $64.50.
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About Black Hills
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.
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