Black Hills Corporation (NYSE: BKH) is 3.25% higher on its value in year-to-date trading and has touched a low of $53.04 and a high of $65.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BKH stock was last observed hovering at around $55.66 in the last trading session, with the day’s gains setting it 414.6%.
Currently trading at $470.26K, the stock is -2.06% and -4.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 980404% at the moment leaves the stock -6.30% off its SMA200. BKH registered -4.46% loss for a year compared to 6-month gain of -3.55%. The firm has a 50-day simple moving average (SMA 50) of $58.5922 and a 200-day simple moving average (SMA200) of $59.6682.
The stock witnessed a -4.62% loss in the last 1 month and extending the period to 3 months gives it a -6.00%, and is -0.11% 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 1.36% over the week and 1.39% over the month.
Black Hills Corporation (BKH) has around 2841 employees, a market worth around $4.05B and $2.21B in sales. Current P/E ratio is 14.28 and Fwd P/E is 12.97. Profit margin for the company is 12.67%. Distance from 52-week low is 5.41% and -14.76% from its 52-week high. The company has generated returns on investments over the last 12 months (3.69%).
The EPS is expected to grow by 4.75% this year
517.0 institutions hold shares in Black Hills Corporation (BKH), with institutional investors hold 87.41% of the company’s shares. The shares outstanding are 72.51M, and float is at 72.10M with Short Float at 2.86%. Institutions hold 86.96% 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 15.7265 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 12.1666 of the shares outstanding. The other top investors are STATE STREET CORP which holds 3.68 million shares representing 5.3318 and valued at over $200.06 million, while MACQUARIE GROUP LTD holds 3.6318 of the shares totaling 2.51 million with a market value of $136.27 million.
