Blurbs

RBC Capital Remains a Buy on Black Hills (BKH)

RBC Capital analyst Shelby Tucker maintained a Buy rating on Black Hills (BKHResearch Report) on July 19 and set a price target of $81.00. The company’s shares closed last Wednesday at $70.61.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 9.7% and a 69.6% success rate. Tucker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Black Hills with a $79.00 average price target.

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The company has a one-year high of $80.95 and a one-year low of $61.95. Currently, Black Hills has an average volume of 395.4K.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BKH in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Black Hills Corp. is a diversified energy company. It operates through the following business segments: Electric Utilities, Gas Utilities, Power Generation, Mining, and Corporate and Other. The Electric Utilities segment generates, transmits, and distributes electricity in South Dakota, Wyoming, Colorado, and Montana. The Gas Utilities segment conducts natural gas utility operations through the Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming subsidiaries. The Power Generation segment produces electric power from its generating plants and sells the electric capacity and energy. The Mining segment comprises of the production and sale of coal to site, mine-mouth power generation facilities. The Corporate and Other segment covers unallocated corporate expenses that support its operating segments. The company was founded in 1883 and is headquartered in Rapid City, SD.

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