Black Hills Corporation (NYSE: BKH) is -3.95% lower on its value in year-to-date trading and has touched a low of $49.33 and a high of $65.59 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BKH stock was last observed hovering at around $56.19 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $56.21, the stock is -4.36% and -7.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.42 million and changing 0.04% at the moment leaves the stock -2.71% off its SMA200. BKH registered 0.30% gain for a year compared to 6-month gain of 3.79%. The firm has a 50-day simple moving average (SMA 50) of $60.5834 and a 200-day simple moving average (SMA200) of $57.77415.
The stock witnessed a -9.22% loss in the last 1 month and extending the period to 3 months gives it a -5.35%, and is -3.95% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.99% over the week and 1.85% over the month.
Black Hills Corporation (BKH) has around 2874 employees, a market worth around $4.02B and $2.12B in sales. Current P/E ratio is 15.11 and Fwd P/E is 13.68. Profit margin for the company is 12.00%. Distance from 52-week low is 13.94% and -14.30% from its 52-week high. The company has generated returns on investments over the last 12 months (3.31%).
The EPS is expected to shrink by -0.81% this year
486.0 institutions hold shares in Black Hills Corporation (BKH), with institutional investors hold 87.05% of the company’s shares. The shares outstanding are 71.58M, and float is at 71.20M with Short Float at 2.79%. Institutions hold 86.57% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.85 million shares valued at $590.09 million. The investor’s holdings represent 15.911 of the BKH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.39 million shares valued at $456.52 million to account for 12.3093 of the shares outstanding. The other top investors are STATE STREET CORP which holds 3.68 million shares representing 5.3944 and valued at over $200.06 million, while MACQUARIE GROUP LTD holds 3.6744 of the shares totaling 2.51 million with a market value of $136.27 million.
Black Hills Corporation (BKH) Insider Activity
The most recent transaction is an insider sale by Roberts Rebecca B, the company’s Director. SEC filings show that Roberts Rebecca B sold 3,094 shares of the company’s common stock on May 30 ’24 at a price of $54.84 per share for a total of $0.17 million. Following the sale, the insider now owns 7956.0 shares.
