On February 8, 2023, Scotiabank downgraded their outlook for Black Hills from Sector Outperform to Sector Perform.
Analyst Price Forecast Suggests 12.23% Upside
As of February 9, 2023, the average one-year price target for Black Hills is $79.71. The forecasts range from a low of $71.71 to a high of $88.20. The average price target represents an increase of 12.23% from its latest reported closing price of $71.02.
The projected annual revenue for Black Hills is $2,239MM, a decrease of 12.26%. The projected annual EPS is $4.23, an increase of 6.05%.
What are large shareholders doing?
SDY – SPDR Dividend ETF holds 3,557,667 shares representing 5.47% ownership of the company. In it’s prior filing, the firm reported owning 3,432,967 shares, representing an increase of 3.51%. The firm decreased its portfolio allocation in BKH by 1.54% over the last quarter.
Macquarie Group holds 2,600,777 shares representing 4.00% ownership of the company. In it’s prior filing, the firm reported owning 2,502,209 shares, representing an increase of 3.79%. The firm decreased its portfolio allocation in BKH by 60.77% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 1,953,360 shares representing 3.00% ownership of the company. In it’s prior filing, the firm reported owning 1,912,076 shares, representing an increase of 2.11%. The firm decreased its portfolio allocation in BKH by 0.89% over the last quarter.
IJH – iShares Core S&P Mid-Cap ETF holds 1,901,781 shares representing 2.92% ownership of the company. In it’s prior filing, the firm reported owning 1,864,353 shares, representing an increase of 1.97%. The firm decreased its portfolio allocation in BKH by 4.58% over the last quarter.
Wellington Management Group Llp holds 1,694,270 shares representing 2.60% ownership of the company. In it’s prior filing, the firm reported owning 1,783,827 shares, representing a decrease of 5.29%. The firm decreased its portfolio allocation in BKH by 87.00% over the last quarter.
Fund Sentiment
There are 729 funds or institutions reporting positions in Black Hills. This is a decrease of 8 owner(s) or 1.09%.
Average portfolio weight of all funds dedicated to US:BKH is 0.2562%, a decrease of 4.5569%. Total shares owned by institutions increased in the last three months by 1.02% to 75,264K shares.
Black Hills Background Information
(This description is provided by the company.)
Black Hills Corp. is a customer focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.3 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.
This article originally appeared on Fintel
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
