Black Hills Corp (NYSE:BKH) Change of Rating
Black Hills Corp (NYSE:BKH)’s “Overweight” rating is no longer valid. professional analysts at JPMorgan downgraded Black Hills Corp (NYSE:BKH)’s rating to “Neutral”.
The stock downgrade is probably noticed by equity traders, as NYSE:BKH is currently trading -0.23% lower at $57.46 as of 4:09 AM New York time. Black Hills Corp’s stock is 0% over the last 200 days. It has underperformed the S&P 500, which has risen 6.00% over the same time.
Out of 5 analysts covering Black Hills Corp, 4 rate it a Buy, 1 indicate a Hold while 0 suggest a Sell. The highest target is $70 and the lowest is $59 according to Thomson/First Call. The 12-month mean target is $64.8, which means upside potential of 12.77% over the current price.
Hillcrest Asset Management Llc had the biggest stake with ownership of 199,890 shares as of q2 2015 for 2.77% of the equity exposure. Keeley Asset Management Corp is another bull as the investment manager who is having 670,460 shares of Black Hills Corp or 1.74% of their equity exposure. In addition, Monarch Partners Asset Management Llc have 1.69% of their equity exposure invested in the company for 293,022 shares. The New York-based fund Cramer Rosenthal Mcglynn Llc disclosed it had bought so far a stake worth about 1.11% of the investment manager’s stock portfolio in Black Hills Corp. The New York-based fund Capital Management Associates Ny is also positive about the stock, possessing 1.18 million shares or 0.97% of their equity exposure.
Black Hills Corp (NYSE:BKH) Profile
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.
Black Hills Corp (NYSE:BKH) traded down -0.23% on 7 February, hitting $57.46. A total of 123,227 shares of the company’s stock traded hands. This is down from average of 545,240 shares. Black Hills Corp has a 52 week low of $56.75 and a 52 week high of $72.02. The company has a market cap of $3.07 billion and a P/E ratio of 21.87.
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