Noteworthy Short Interest Filing: Is Buying Black Hills Corporation (NYSE:BKH) Here Good Idea?

November 24, 2016 - By Hazel Jackson   ·   0 Comments

Noteworthy Short Interest Filing: Is Buying Black Hills Corporation (NYSE:BKH) Here Good Idea?

The stock of Black Hills Corporation (NYSE:BKH) registered an increase of 0.29% in short interest. BKH’s total short interest was 4.66M shares in November as published by FINRA. Its up 0.29% from 4.64M shares, reported previously. With 262,500 shares average volume, it will take short sellers 18 days to cover their BKH’s short positions. The short interest to Black Hills Corporation’s float is 9%. The stock decreased 3.50% or $2.12 on November 23, hitting $58.38. About 840,722 shares traded hands or 146.94% up from the average. Black Hills Corp (NYSE:BKH) has risen 2.85% since April 22, 2016 and is uptrending. It has underperformed by 2.56% the S&P500.

Black Hills Corporation is a holding company. The company has a market cap of $3.15 billion. The Firm is an integrated energy company, which operates in the United States with two business groups: Utilities and Non-regulated Energy. It has a 78.08 P/E ratio. The Company’s Utilities Group consists of regulated Electric Utilities and regulated Gas Utilities divisions, and the Company’s Non-regulated Energy Group consists of Power Generation, Coal Mining, and Oil and Gas divisions.

Insitutional Activity: The institutional sentiment decreased to 1.07 in Q2 2016. Its down 0.18, from 1.25 in 2016Q1. The ratio is negative, as 22 funds sold all Black Hills Corp shares owned while 70 reduced positions. 27 funds bought stakes while 88 increased positions. They now own 45.57 million shares or 0.57% less from 45.84 million shares in 2016Q1.
Rothschild Asset Mngmt Inc, a New York-based fund reported 418,548 shares. Fort Washington Invest Advisors Inc Oh owns 17,175 shares or 0.02% of their US portfolio. Price T Rowe Assocs Md last reported 0.01% of its portfolio in the stock. Moreover, Capwealth Limited Liability Corp has 0% invested in Black Hills Corp (NYSE:BKH) for 100 shares. First Midwest Comml Bank Tru Division reported 8,048 shares or 0.06% of all its holdings. Amer last reported 0% of its portfolio in the stock. The New Jersey-based Blackrock Mngmt Limited Company has invested 0.03% in Black Hills Corp (NYSE:BKH). California Public Employees Retirement Sys accumulated 107,800 shares or 0.01% of the stock. Lsv Asset Mngmt, a Illinois-based fund reported 285,426 shares. Geneva Advsr Limited Liability Company has invested 0.01% of its portfolio in Black Hills Corp (NYSE:BKH). Dimensional Fund Advisors Limited Partnership last reported 0.03% of its portfolio in the stock. Metropolitan Life Ins Communication, a New York-based fund reported 83,921 shares. Markston Int Limited Liability Corp, a New York-based fund reported 160 shares. State Of Tennessee Treasury Department holds 0.01% or 30,000 shares in its portfolio. Van Eck Assocs Corporation last reported 0% of its portfolio in the stock.

Black Hills Corp (NYSE:BKH) Ratings Coverage

Out of 5 analysts covering Black Hills Corp (NYSE:BKH), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Black Hills Corp has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, February 4 by Williams Capital Group. RBC Capital Markets maintained Black Hills Corp (NYSE:BKH) rating on Tuesday, February 16. RBC Capital Markets has “Outperform” rating and $59 price target. The stock of Black Hills Corp (NYSE:BKH) has “Overweight” rating given on Monday, April 25 by JP Morgan. JP Morgan maintained Black Hills Corp (NYSE:BKH) on Friday, August 5 with “Overweight” rating. The stock of Black Hills Corp (NYSE:BKH) earned “Buy” rating by Williams Capital Group on Tuesday, February 16. Bank of America initiated the shares of BKH in a report on Tuesday, December 8 with “Buy” rating. BMO Capital Markets upgraded Black Hills Corp (NYSE:BKH) on Monday, January 25 to “Outperform” rating. The stock of Black Hills Corp (NYSE:BKH) has “Outperform” rating given on Monday, January 4 by RBC Capital Markets. The stock of Black Hills Corp (NYSE:BKH) has “Buy” rating given on Tuesday, January 19 by Williams Capital Group. The stock of Black Hills Corp (NYSE:BKH) earned “Sector Perform” rating by RBC Capital Markets on Friday, August 7.

BKH Company Profile

Black Hills Corporation, incorporated on April 28, 2000, is a holding company. The Firm is an integrated energy company, which operates in the United States with two business groups: Utilities and Non-regulated Energy. The Company’s Utilities Group consists of regulated Electric Utilities and regulated Gas Utilities divisions, and the Company’s Non-regulated Energy Group consists of Power Generation, Coal Mining, and Oil and Gas divisions.

Another recent and important Black Hills Corp (NYSE:BKH) news was published by Streetinsider.com which published an article titled: “Black Hills Corp. (BKH) Tops Q3 EPS by 5c” on November 02, 2016.

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By Hazel Jackson


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