| Black Hills Ups 2015 Earnings View by 3.4% at the Mid-Point | |
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Rapid City, SD-based vertically integrated utility provider Black Hills Corporation BKH raised its 2015 adjusted earnings per share guidance to the range of $2.90 to $3.10 from $2.80 to $3.00 earlier, an increase of 3.4% at the mid point.
Black Hills is a consistent performer and its earnings in the first two quarters of 2015 surpassed the Zacks Consensus Estimate with an average beat of 22.3%. Its 2015 Zacks Consensus estimate has gone up by 4.2% in the past 90 days to $2.98 per share.
The company follows a strategy of acquiring utilities near its existing service territories to expand market penetration and increase the customer base. In July, the company acquired the natural gas utility Energy West Wyoming and natural gas pipeline assets from Energy West Development. Both companies were subsidiaries of Gas Natural Inc. EGAS. The completion of the SourceGas Holdings LLC acquisition will further expand its operations.
Black Hills is scheduled to hold its analyst day event today and share information on the acquisition of SourceGas Holdings, Cost of Service Gas Program application filings, Oil and Gas business strategy transition and Peak View wind project.
The company expects to generate long-term growth through the expansion of its integrated and diverse energy operations. Black Hill Corp.’s diversified energy portfolio with an emphasis on regulated utilities provides growth opportunities and provides visibility of future earnings.
Black Hills Corporation currently has a Zacks Rank #1 (Strong Buy). Investors interested in the electric utility space may also consider Brookfield Infrastructure Partners L.P. BIP and Dynegy Inc. DYN, both sporting a Zacks Rank #1 (Strong Buy).
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Black Hills Corporation
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CODE : BKH |
ISIN : US0921131092 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Black Hills is a producing company based in United states of america. Black Hills is listed in Germany and in United States of America. Its market capitalisation is US$ 2.9 billions as of today (€ 2.7 billions). Its stock quote reached its lowest recent point on April 11, 1986 at US$ 1.27, and its highest recent level on February 07, 2020 at US$ 87.12. Black Hills has 53 544 761 shares outstanding. |