RBC Capital Keeps a Buy Rating on Black Hills Corp

By Jason Carr

In a report released yesterday, Shelby Tucker from RBC Capital reiterated a Buy rating on Black Hills Corp (NYSE: BKH), with a price target of $70. The company’s shares opened today at $69.59, close to its 52-week high of $72.02.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 7.7% and a 78.7% success rate. Tucker covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and American Electric Power.

Black Hills Corp has an analyst consensus of Moderate Buy, with a price target consensus of $72.

Based on Black Hills Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $554 million and quarterly net profit of $76.52 million. In comparison, last year the company earned revenue of $322 million and had a net profit of $669K.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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 two business groups: Utilities and Non-Regulated Energy. The Utilities group is comprised of the company’s Regulated Electric Utilities and Regulated Gas Utilities segments.