Black Hills Corp (BKH) is Upgraded by RBC Capital Mkts to Outperform according to the research report released to the investors. The brokerage firm has raised the Price Target to $55 from a previous price target of $52 . Earlier the firm had a rating of Sector Perform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.
Black Hills Corporation is up 12.33% in the last 3-month period. Year-to-Date the stock performance stands at -9.31%.
Shares of Black Hills Corporation (NYSE:BKH) rose by 1.35% in the past week and 11.34% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 2.2% and the outperformance increases to 13.94% for the last 4 weeks.
Shares of Black Hills Corporation (NYSE:BKH) ended Thursday session in red amid volatile trading. The shares closed down 0.58 points or 1.23% at $46.43 with 363,900 shares getting traded. Post opening the session at $47.03, the shares hit an intraday low of $46.01 and an intraday high of $47.03 and the price vacillated in this range throughout the day. The company has a market cap of $2,082 million and the number of outstanding shares have been calculated to be 44,850,752 shares. The 52-week high of Black Hills Corporation (NYSE:BKH) is $54.5 and the 52-week low is $36.8101.
Currently the company Insiders own 1.6% of Black Hills Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 12.46% . Institutional Investors own 66.87% of Black Hills Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 25.94%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Kinzley Richard, CFO of Black Hills Corp /Sd/, executed a transaction worth $42,132 on August 26, 2015. A total of 1,087 shares were purchased at an average price of $38.76. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Black Hills Corporation is a diversified energy company. The Company operates with two major business groups: Utilities and Non-regulated Energy. The Companys Utilities Group consists of the Companys regulated Electric Utilities and regulated Gas Utilities segments, and its Non-regulated Energy Group consists of of its Power Generation, Coal Mining and Oil and Gas segments. The Companys Electric Utilities segment generates, transmits and distributes electricity to approximately 202,000 electric customers in South Dakota, Wyoming, Colorado and Montana and also distributes natural gas to approximately 35,000 gas utility customers of Cheyenne Light in Cheyenne Wyoming. The Companys Gas Utilities segment serves approximately 532,000 natural gas utility customers in Colorado, Nebraska, Iowa and Kansas.