Black Stock Today

BKH
 Stock
  

USD 69.48  2.20  3.07%   

Market Performance
0 of 100
Odds Of Distress
Over 51
Black Hills is trading at 69.48 as of the 28th of September 2022. This is a -3.07 percent decrease since the beginning of the trading day. The stock's open price was 71.68. Black Hills has 51 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Black Hills Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of August 2022 and ending today, the 28th of September 2022. Click here to learn more.
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 218,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming and owns and operates 1,481.5 megawatts of generation capacity and 8,892 miles of electric transmission and distribution lines. The company has 63.82 M outstanding shares of which 2.7 M shares are currently shorted by investors with about 8.48 days to cover. More on Black Hills Corp

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+0.63JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr
Follow Valuation Odds of Bankruptcy
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Black Hills Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Black Hills' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Black Hills or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Black Hills Corp generated a negative expected return over the last 90 days
Black Hills Corp has high likelihood to experience some financial distress in the next 2 years
Over 91.0% of the company shares are held by institutions such as insurance companies
On 1st of September 2022 Black Hills paid $ 0.595 per share dividend to its current shareholders
Latest headline from simplywall.st: With 89 percent ownership of the shares, Black Hills Corporation is heavily dominated by institutional owners - Simply Wall St
CEOLinden Evans
Average Analyst Recommendation
Analysts covering Black Hills report their recommendations after researching Black Hills' financial statements, talking to executives and customers, or listening in on Black Hills' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Black Hills Corp. The Black consensus assessment is calculated by taking the average forecast from all of the analysts covering Black Hills.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Black Hills' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
Black Hills Corp (BKH) is traded on New York Stock Exchange in USA and employs 2,884 people. The company currently falls under 'Mid-Cap' category with total capitalization of 4.43 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Black Hills's market, we take the total number of its shares issued and multiply it by Black Hills's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Black Hills Corp runs under Utilities sector within Utilities—Diversified industry. The entity has 63.82 M outstanding shares of which 2.7 M shares are currently shorted by investors with about 8.48 days to cover. Black Hills Corp has about 16.33 M in cash with 585.64 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.25.
Check Black Hills Probability Of Bankruptcy
Ownership
Black Hills Corp retains a total of 63.82 Million outstanding shares. The majority of Black Hills Corp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Black Hills Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Black Hills. Please pay attention to any change in the institutional holdings of Black Hills Corp as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

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Black Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of Black Hills jumping above the current price in 90 days from now is about 98.0%. The Black Hills Corp probability density function shows the probability of Black Hills stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Black Hills has a beta of 0.6895 suggesting as returns on the market go up, Black Hills average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Black Hills Corp will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0862, implying that it can generate a 0.0862 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 69.48HorizonTargetOdds Above 69.48
1.78%90 days
 69.48 
98.19%
Based on a normal probability distribution, the odds of Black Hills to move above the current price in 90 days from now is about 98.0 (This Black Hills Corp probability density function shows the probability of Black Stock to fall within a particular range of prices over 90 days) .

Black Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Black Hills that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Black Hills' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Black Hills' value.
InstituionSecurity TypeTotal SharesValue
Blackrock IncCommon Shares10.9 M791.1 M
Vanguard Group IncCommon Shares6.8 M496.1 M
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Black Hills Corp Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Black Hills market risk premium is the additional return an investor will receive from holding Black Hills long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Black Hills. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Black Hills' alpha and beta are two of the key measurements used to evaluate Black Hills' performance over the market, the standard measures of volatility play an important role as well.

Black Stock Against Markets

Picking the right benchmark for Black Hills stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Black Hills stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Black Hills is critical whether you are bullish or bearish towards Black Hills Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Black Hills without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Fundamental Analysis

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Black Hills Corporate Directors

Black Hills corporate directors refer to members of a Black Hills board of directors. The board of directors generally takes responsibility for the Black Hills' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Black Hills' board members must vote for the resolution. The Black Hills board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Mark Schober - Independent DirectorProfile
Michael Madison - Independent DirectorProfile
Gary Pechota - Independent DirectorProfile
Linda Massman - DirectorProfile

Invested in Black Hills Corp?

The danger of trading Black Hills Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Black Hills is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Black Hills. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Black Hills Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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Is Black Hills' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Black Hills. If investors know Black will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Black Hills listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Black Hills Corp is measured differently than its book value, which is the value of Black that is recorded on the company's balance sheet. Investors also form their own opinion of Black Hills' value that differs from its market value or its book value, called intrinsic value, which is Black Hills' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Black Hills' market value can be influenced by many factors that don't directly affect Black Hills' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Black Hills' value and its price as these two are different measures arrived at by different means. Investors typically determine Black Hills value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Hills' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.