Last Updated: 13 Sep 2024
Executive Summary
Black Hills Corporation (BKH) is a natural gas and electric utility company with a strong financial position and a track record of dividend growth. The company's stock is currently trading at $59.39, near the high end of its 52-week range. Analysts are generally bullish on the stock, with a consensus price target of $64.8.
Company Overview
Black Hills Corporation is headquartered in Rapid City, South Dakota. The company serves approximately 1.3 million customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. Black Hills Corporation's primary business segments are electric and natural gas distribution, electric generation, and telecommunications.
Fundamental Analysis
Black Hills Corporation has a strong financial position. The company has a market capitalization of $4.14 billion, and its debt-to-equity ratio is 0.47. The company's earnings per share (EPS) have grown at an average rate of 6.5% over the past five years. Black Hills Corporation pays a quarterly dividend of $0.6375 per share, which gives the stock a dividend yield of 4.38%.
Technical Analysis
The technical analysis of Black Hills Corporation's stock is mixed. The stock is currently trading above its 50-day moving average but below its 200-day moving average. The stock's relative strength index (RSI) is 55, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
The short-term outlook for Black Hills Corporation's stock is neutral. The stock is trading near the high end of its 52-week range, and the technical indicators are mixed. However, the company's strong financial position and dividend growth prospects suggest that the stock could continue to perform well in the short term.
Long Term Outlook
The long-term outlook for Black Hills Corporation's stock is positive. The company's regulated utility business provides a stable source of revenue and earnings. The company's focus on renewable energy and energy efficiency should help it to grow its business in the long term.
Analyst Recommendations
Analysts are generally bullish on Black Hills Corporation's stock. The consensus price target is $64.8, which represents a potential upside of 9.3% from the current price. One analyst has a Strong Buy rating on the stock, four analysts have a Buy rating, and four analysts have a Hold rating.
