First Premier Bank Lowers stake in Black Hills Corp (BKH)

Black Hills Corp (BKH) : First Premier Bank reduced its stake in Black Hills Corp by 1.1% during the most recent quarter end. The investment management company now holds a total of 31,464 shares of Black Hills Corp which is valued at $1,848,195 after selling 350 shares in Black Hills Corp , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Black Hills Corp makes up approximately 1.42% of First Premier Bank’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in BKH in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 140 shares of Black Hills Corp which is valued at $8,224. Fox Run Management L.l.c. added BKH to its portfolio by purchasing 10,600 company shares during the most recent quarter which is valued at $600,066. Black Hills Corp makes up approx 0.36% of Fox Run Management L.l.c.’s portfolio. Cobiz Investment Management added BKH to its portfolio by purchasing 15,457 company shares during the most recent quarter which is valued at $889,550. Black Hills Corp makes up approx 0.21% of Cobiz Investment Management’s portfolio.

Black Hills Corp closed down -0.94 points or -1.63% at $56.61 with 3,81,496 shares getting traded on Tuesday. Post opening the session at $57.55, the shares hit an intraday low of $56.53 and an intraday high of $57.56 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Black Hills Corp reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.51.Analysts expectations of $ 468.21.During the same quarter in the previous year, the company posted $0.56 EPS.

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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