Black Hills Corporation

NYSE: BKH
$51.73
+$0.53 (+1.0%)
Closing price April 17, 2024
Black Hills Corporation is a utility company based in Rapid City, South Dakota, serving customers across the United States. It provides electricity and natural gas through two main segments. The company supplies electricity to over 222,000 customers in states like Colorado and Wyoming, managing a significant capacity of electric generation and extensive transmission lines. Additionally, it delivers natural gas to more than 1 million customers in regions including Arkansas and Nebraska, supported by a vast network of gas pipelines and storage sites. Beyond utility services, Black Hills also engages in energy production, including wind and natural gas, and offers appliance repair and electrical construction services.
Even though the utility sector has totally blown away other S&P 500 sectors this year, and many of the stocks in the sector are very pricey, the run may not be over.
The top analyst upgrades, downgrades and initiations seen on Monday morning include Baidu, Caterpillar, GE, Honeywell, Kimberly-Clark, Schlumberger and Southern Energy.
While these companies don’t pay the highest dividends necessarily, they have consistently generated positive cash flow over the years.
On the close Friday, the S&P High Yield Dividend Aristocrats index is set for a rebalance. There will be some serious buying and selling on the last print Friday.
Thursday's top analyst upgrades, downgrades and initiations include Advanced Micro Devices, 3D Systems, Tesla Motors, Whole Foods, Zynga and Chesapeake Energy.
Black Hills Corp. (NYSE: BKH) has sold about 85% of the company’s assets in the Bakken and Three Forks shale plays in the Williston basin for approximately $243 million in cash. The effective date...
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