Duff Phelps Investment Management Co buys $62,832,631 stake in Black Hills Corp (BKH)

Black Hills Corp (BKH) : Duff Phelps Investment Management Co scooped up 35,710 additional shares in Black Hills Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 1,073,695 shares of Black Hills Corp which is valued at $62,832,631.Black Hills Corp makes up approximately 0.91% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Integrated Investment Consultants reduced its stake in BKH by selling 500 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 500 shares of BKH which is valued at $29,260. Black Hills Corp makes up approx 0.01% of Integrated Investment Consultants’s portfolio. Community Bank N.a. sold out all of its stake in BKH during the most recent quarter. The investment firm sold 100 shares of BKH which is valued $5,874. Parametrica Management Ltd sold out all of its stake in BKH during the most recent quarter. The investment firm sold 4,383 shares of BKH which is valued $257,457.First Premier Bank reduced its stake in BKH by selling 350 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 31,464 shares of BKH which is valued at $1,848,195. Black Hills Corp makes up approx 1.42% of First Premier Bank’s portfolio.Legal General Group Plc boosted its stake in BKH in the latest quarter, The investment management firm added 9,433 additional shares and now holds a total of 47,171 shares of Black Hills Corp which is valued at $2,670,350.

Black Hills Corp closed down -0.22 points or -0.37% at $58.52 with 1,75,625 shares getting traded on Friday. Post opening the session at $58.55, the shares hit an intraday low of $58.29 and an intraday high of $59.23 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Black Hills Corp reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.51.Analysts expectations of $ 468.21.During the same quarter in the previous year, the company posted $0.56 EPS.

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.

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