Black Hills Corp (BKH) : First National Bank Sioux Falls reduced its stake in Black Hills Corp by 26.92% during the most recent quarter end. The investment management company now holds a total of 3,257 shares of Black Hills Corp which is valued at $199,556 after selling 1,200 shares in Black Hills Corp , the firm said in a disclosure report filed with the SEC on May 3, 2016.Black Hills Corp makes up approximately 0.66% of First National Bank Sioux Falls’s portfolio.
Other Hedge Funds, Including , Bluecrest Capital Management Ltd sold out all of its stake in BKH during the most recent quarter. The investment firm sold 169,454 shares of BKH which is valued $10,382,447.American Century Companies Inc boosted its stake in BKH in the latest quarter, The investment management firm added 94,178 additional shares and now holds a total of 222,093 shares of Black Hills Corp which is valued at $13,607,638. Black Hills Corp makes up approx 0.02% of American Century Companies Inc’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in BKH by selling 240,000 shares or 42.48% in the most recent quarter. The Hedge Fund company now holds 325,000 shares of BKH which is valued at $19,691,750. Black Hills Corp makes up approx 0.09% of State Of New Jersey Common Pension Fund D’s portfolio.Clarivest Asset Management boosted its stake in BKH in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 22,700 shares of Black Hills Corp which is valued at $1,375,393. Black Hills Corp makes up approx 0.04% of Clarivest Asset Management’s portfolio.Ronna Sue Cohen reduced its stake in BKH by selling 2,345 shares or 19.77% in the most recent quarter. The Hedge Fund company now holds 9,515 shares of BKH which is valued at $540,071. Black Hills Corp makes up approx 0.45% of Ronna Sue Cohen’s portfolio.
Black Hills Corp closed down -0.18 points or -0.30% at $60.6 with 3,31,709 shares getting traded on Tuesday. Post opening the session at $61.02, the shares hit an intraday low of $60.07 and an intraday high of $61.08 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Black Hills Corp reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.02. The company had revenue of $450.00 million for the quarter, compared to analysts expectations of $488.73 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.
Many Wall Street Analysts have commented on Black Hills Corp. Company shares were Reiterated by Williams Capital Group on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 68 from a previous price target of $63 .Black Hills Corp was Resumed by JP Morgan to “Overweight” on Apr 25, 2016. Company shares were Reiterated by Williams Capital Group on Mar 9, 2016 to “Buy”, Firm has raised the Price Target to $ 63 from a previous price target of $59 .
Black Hills Corporation is an integrated energy company. The Company operates in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group is comprised of regulated Electric Utilities and regulated Gas Utilities segments and its Non-regulated Energy Group is comprised of Power Generation Coal Mining and Oil and Gas segments. It conducts its electric utility operations and combination electric and gas utility operations through three subsidiaries: Black Hills Power Cheyenne Light and Colorado Electric. Its Non-regulated Energy Group which operates through various subsidiaries produces and sells electric capacity and energy through a portfolio of generating plants produces and sells coal from its mine located in the Powder River Basin in Wyoming and acquires explores for develops and produces natural gas and crude oil in the Rocky Mountain region.