First National Bank Sioux Falls Lowers stake in Black Hills Corp (BKH)

Black Hills Corp (BKH) : First National Bank Sioux Falls reduced its stake in Black Hills Corp by 36.84% during the most recent quarter end. The investment management company now holds a total of 2,057 shares of Black Hills Corp which is valued at $128,624 after selling 1,200 shares in Black Hills Corp , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Black Hills Corp makes up approximately 0.39% of First National Bank Sioux Falls’s portfolio.

Other Hedge Funds, Including , Americafirst Capital Management boosted its stake in BKH in the latest quarter, The investment management firm added 2,290 additional shares and now holds a total of 36,384 shares of Black Hills Corp which is valued at $2,260,538. Black Hills Corp makes up approx 1.56% of Americafirst Capital Management’s portfolio.Ronna Sue Cohen boosted its stake in BKH in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 9,536 shares of Black Hills Corp which is valued at $591,900. Black Hills Corp makes up approx 0.43% of Ronna Sue Cohen’s portfolio. Capstone Asset Management Co added BKH to its portfolio by purchasing 3,559 company shares during the most recent quarter which is valued at $220,907. Black Hills Corp makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

Black Hills Corp closed down -0.21 points or -0.33% at $63.05 with 5,22,774 shares getting traded on Friday. Post opening the session at $63.11, the shares hit an intraday low of $62.99 and an intraday high of $63.69 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Black Hills Corp reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.02. The company had revenue of $450.00 million for the quarter, compared to analysts expectations of $488.73 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on Black Hills Corp. Company shares were Reiterated by Williams Capital Group on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 68 from a previous price target of $63 .

Black Hills Corporation is an integrated energy company. The Company operates in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group is comprised of regulated Electric Utilities and regulated Gas Utilities segments and its Non-regulated Energy Group is comprised of Power Generation Coal Mining and Oil and Gas segments. It conducts its electric utility operations and combination electric and gas utility operations through three subsidiaries: Black Hills Power Cheyenne Light and Colorado Electric. Its Non-regulated Energy Group which operates through various subsidiaries produces and sells electric capacity and energy through a portfolio of generating plants produces and sells coal from its mine located in the Powder River Basin in Wyoming and acquires explores for develops and produces natural gas and crude oil in the Rocky Mountain region.

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