Currently, there are 71.62M common shares owned by the public and among those 71.16M shares have been available to trade.
The company’s stock has a 5-day price change of 0.32% and -3.43% over the past three months. BKH shares are trading 1.93% year to date (YTD), with the 12-month market performance up to 17.01% higher. It has a 12-month low price of $50.72 and touched a high of $65.59 over the same period. BKH has an average intraday trading volume of 468.56K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.81%, 0.92%, and 2.09% respectively.
Institutional ownership of Black Hills Corporation (NYSE: BKH) shares accounts for 85.90% of the company’s 71.62M shares outstanding.
It has a market capitalization of $4.27B and a beta (3y monthly) value of 0.68. The stock’s trailing 12-month PE ratio is 15.22, while the earnings-per-share (ttm) stands at $3.92. The company has a PEG of 3.03 and a Quick Ratio of 0.83 with the debt-to-equity ratio at 1.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.72% over the week and 2.07% over the month.
Earnings per share for the fiscal year are expected to increase by 4.60%, and 5.01% over the next financial year. EPS should grow at an annualized rate of 5.03% over the next five years, compared to 3.59% over the past 5-year period.
Looking at the support for the BKH, a number of firms have released research notes about the stock. Mizuho stated their Neutral rating for the stock in a research note on November 21, 2023, with the firm’s price target at $53. RBC Capital Mkts coverage for the Black Hills Corporation (BKH) stock in a research note released on February 10, 2023 offered a Sector Perform rating with a price target of $68. Sidoti was of a view on February 09, 2023 that the stock is Neutral, while Mizuho gave the stock Underperform rating on February 09, 2023, issuing a price target of $71- $60. Scotiabank on their part issued Sector Perform rating on February 08, 2023.
