First Hawaiian Bank Invests $287,000 in Black Hills Corp (BKH) Stock

First Hawaiian Bank purchased a new stake in shares of Black Hills Corp (NYSE:BKH) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,935 shares of the utilities provider’s stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BKH. BlackRock Inc. lifted its position in Black Hills by 7.0% during the 2nd quarter. BlackRock Inc. now owns 7,570,328 shares of the utilities provider’s stock valued at $463,379,000 after acquiring an additional 497,479 shares during the period. Raymond James & Associates lifted its position in Black Hills by 4,403.9% during the 2nd quarter. Raymond James & Associates now owns 330,856 shares of the utilities provider’s stock valued at $20,252,000 after acquiring an additional 323,510 shares during the period. Segall Bryant & Hamill LLC purchased a new position in Black Hills during the 2nd quarter valued at about $17,271,000. River Road Asset Management LLC lifted its position in Black Hills by 84.7% during the 2nd quarter. River Road Asset Management LLC now owns 590,471 shares of the utilities provider’s stock valued at $36,143,000 after acquiring an additional 270,721 shares during the period. Finally, WBI Investments Inc. purchased a new position in Black Hills during the 2nd quarter valued at about $12,492,000. 99.75% of the stock is owned by institutional investors.

Shares of Black Hills stock opened at $61.12 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.52 and a quick ratio of 0.39. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 3.98 and a beta of 0.36. Black Hills Corp has a 52-week low of $50.49 and a 52-week high of $65.87.



Black Hills (NYSE:BKH) last issued its earnings results on Monday, August 6th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.04. The business had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $352.83 million. Black Hills had a net margin of 13.90% and a return on equity of 10.40%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. As a group, research analysts predict that Black Hills Corp will post 3.42 EPS for the current year.

A number of brokerages recently issued reports on BKH. ValuEngine raised shares of Black Hills from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. Bank of America cut shares of Black Hills from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $59.00 to $60.00 in a research report on Thursday, July 12th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Black Hills from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Wednesday, October 10th. Credit Suisse Group raised shares of Black Hills from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $62.00 to $65.00 in a research report on Wednesday, October 17th. Finally, Howard Weil began coverage on shares of Black Hills in a report on Tuesday, July 24th. They issued a “sector perform” rating and a $58.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $61.88.

About Black Hills

Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility company in the United States. The company's Electric Utilities segment generates, transmits, and distributes electricity to approximately 210,000 electric customers in South Dakota, Wyoming, Colorado, and Montana.

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Institutional Ownership by Quarter for Black Hills (NYSE:BKH)

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