Black Hills Corporation (NYSE:BKH) Can’t Be Less Risky. Short Interest Decreased

October 2, 2018 - By Hazel Jackson

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Investors sentiment increased to 1.54 in Q2 2018. Its up 0.51, from 1.03 in 2018Q1. It improved, as 24 investors sold Black Hills Corporation shares while 55 reduced holdings. 44 funds opened positions while 78 raised stakes. 52.39 million shares or 0.62% more from 52.07 million shares in 2018Q1 were reported.
Glenmede Tru Na owns 1,841 shares or 0% of their US portfolio. Prudential Fincl Incorporated has 90,036 shares. Savings Bank Of New York Mellon Corporation reported 958,390 shares. Riverhead Cap Llc reported 6,548 shares or 0.02% of all its holdings. Amg Funds Ltd Liability Co stated it has 0.63% in Black Hills Corporation (NYSE:BKH). Sageworth Tru Com holds 0% or 100 shares in its portfolio. 1,282 are held by Envestnet Asset Mgmt. Moreover, Numerixs Technology Inc has 0.02% invested in Black Hills Corporation (NYSE:BKH). Tdam Usa reported 0.03% of its portfolio in Black Hills Corporation (NYSE:BKH). Tradewinds Mgmt Llc holds 0.01% of its portfolio in Black Hills Corporation (NYSE:BKH) for 467 shares. Ubs Asset Mngmt Americas reported 0% of its portfolio in Black Hills Corporation (NYSE:BKH). Aqr Cap Limited owns 30,551 shares. 30,500 are owned by South Dakota Council. Moreover, Tudor Investment Et Al has 0.04% invested in Black Hills Corporation (NYSE:BKH) for 19,001 shares. Raymond James Na holds 0.02% in Black Hills Corporation (NYSE:BKH) or 5,175 shares.

The stock of Black Hills Corporation (NYSE:BKH) registered a decrease of 5.06% in short interest. BKH’s total short interest was 6.31M shares in October as published by FINRA. Its down 5.06% from 6.64 million shares, reported previously. With 316,500 shares average volume, it will take short sellers 20 days to cover their BKH’s short positions. The short interest to Black Hills Corporation’s float is 11.88%.

The stock increased 1.61% or $0.92 during the last trading session, reaching $58.16. About 4,721 shares traded. Black Hills Corporation (NYSE:BKH) has declined 14.76% since October 2, 2017 and is downtrending. It has underperformed by 30.38% the S&P500.

Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility firm in the United States. The company has market cap of $3.12 billion. The companyÂ’s Electric Utilities segment generates, transmits, and distributes electricity to approximately 208,500 electric clients in South Dakota, Wyoming, Colorado, and Montana. It has a 13.65 P/E ratio. This segment owns 941 megawatts of generation capacity and 8,806 miles of electric transmission and distribution lines.

Black Hills Corporation (NYSE:BKH) Ratings Coverage

Among 5 analysts covering Black Hills (NYSE:BKH), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. Black Hills had 6 analyst reports since April 10, 2018 according to SRatingsIntel. The stock of Black Hills Corporation (NYSE:BKH) earned “Underperform” rating by Bank of America on Thursday, July 12. The firm has “Neutral” rating by Credit Suisse given on Monday, May 21. On Tuesday, April 10 the stock rating was maintained by JP Morgan with “Neutral”. The rating was maintained by Wells Fargo with “Market Perform” on Monday, September 17. Credit Suisse maintained Black Hills Corporation (NYSE:BKH) on Wednesday, August 8 with “Neutral” rating.

Another recent and important Black Hills Corporation (NYSE:BKH) news was published by Gurufocus.com which published an article titled: “Report: Developing Opportunities within AstraZeneca, Manulife Financial, Infosys, Novartis AG, Black Hills, and Shell …” on September 28, 2018.

Black Hills Corporation (NYSE:BKH) Institutional Positions Chart

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