Will Black Hills Corporation (NYSE:BKH) Run Out of Steam Soon? Short Interest Is Down

September 15, 2018 - By Victoria Pittman

Black Hills Corporation (NYSE:BKH) Logo

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.
Manufacturers Life Ins The reported 762,911 shares. Ubs Asset Mgmt Americas accumulated 54,034 shares or 0% of the stock. Raymond James Advsrs holds 5,186 shares or 0% of its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt Sys invested 0.01% of its portfolio in Black Hills Corporation (NYSE:BKH). Jpmorgan Chase & reported 47,706 shares stake. State Treasurer State Of Michigan reported 0.01% in Black Hills Corporation (NYSE:BKH). Pnc Financial Services Grp Inc invested 0% of its portfolio in Black Hills Corporation (NYSE:BKH). Bnp Paribas Arbitrage Sa holds 0% in Black Hills Corporation (NYSE:BKH) or 24,039 shares. Victory Cap Mngmt owns 1.37M shares. Comerica Bancorporation holds 40,400 shares. Murphy Management invested in 0.05% or 5,420 shares. Advisors Asset Mgmt Inc stated it has 37,842 shares. Us Bank & Trust De holds 0.01% or 32,003 shares. Invesco Limited has 540,436 shares. Moreover, Cwm Limited Liability Corporation has 0% invested in Black Hills Corporation (NYSE:BKH).

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 September as published by FINRA. Its down 5.06% from 6.64M 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 decreased 0.44% or $0.26 during the last trading session, reaching $59.29. About 254,480 shares traded. Black Hills Corporation (NYSE:BKH) has declined 14.76% since September 15, 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 $3.18 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 13.91 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 4 analysts covering Black Hills (NYSE:BKH), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Black Hills had 5 analyst reports since April 10, 2018 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, May 21 by Credit Suisse. The rating was maintained by Credit Suisse on Wednesday, August 8 with “Neutral”. JP Morgan maintained it with “Neutral” rating and $53 target in Tuesday, April 10 report. Bank of America downgraded Black Hills Corporation (NYSE:BKH) on Thursday, July 12 to “Underperform” rating.

Black Hills Corporation (NYSE:BKH) Institutional Positions Chart

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