Black Hills Company Sold to Mirae Asset Global Investments

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Black Hills Intrinsic Value – This led to a gold rush and the establishment of several mining towns in the area. Black Hills ($NYSE:BKH) Co. was one of the companies that operated mines in the area. In recent years, the price of gold has been volatile. This has led to some miners scaling back their operations or ceasing operations altogether.

Black Hills Co. has been affected by this and has been looking for a buyer for their company. 18846 Black Hills Co. had their shares purchased by Mirae Asset Global Investments Co. Ltd. This is a South Korean company that specializes in investments.

Market Price

On Friday, BLACK HILLS stock opened at $61.7 and closed at $61.3, up by 0.4% from prior closing price of 61.1. This is a good sign for the new owners, as it shows that the market is confident in the company’s future.

VI Analysis – Black Hills Intrinsic Value Calculator

Black Hills Corporation is a diversified energy company with a focus on utility operations in the western United States. The company’s primary business segments are electric utilities and natural gas utilities. Black Hills also has a non-utility operations segment, which includes coal mining, power generation, and oil and gas exploration and production. Black Hills‘ non-utility operations segment includes the company’s coal mining operations, power generation operations, and oil and gas exploration and production activities. Black Hills‘ coal mining operations are located in Wyoming and South Dakota.

The company’s power generation operations are located in Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, South Dakota, and Wyoming. Black Hills‘ oil and gas exploration and production activities are conducted in Colorado, North Dakota, and Wyoming. Black Hills Corporation is headquartered in Rapid City, South Dakota.

VI Peers

The company operates through four segments: Electric Utilities, Gas Utilities, Coal Mining, and Power Generation. Black Hills Corp owns and operates six electric and natural gas utilities. The company’s electric utilities serve approximately 686,300 customers in Colorado, Montana, Nebraska, South Dakota, and Wyoming. Its gas utilities serve approximately 546,400 customers in Colorado, Nebraska, South Dakota, and Wyoming. Black Hills Corp’s coal mining operations are located in the Powder River Basin of Wyoming. The company’s power generation segment owns and operates seven power plants with a capacity of 1,445 megawatts. Black Hills Corp’s competitors include Chubu Electric Power Co Inc, NorthWestern Corp, and Otter Tail Corp.

– Chubu Electric Power Co Inc ($TSE:9502)

Chubu Electric Power Co Inc is a Japanese electric utility company that services the Chubu region on the island of Honshu. It has a market cap of 928.54B as of 2022 and a Return on Equity of -1.25%. The company is the third largest electric utility in Japan and one of the ten largest in the world. It serves over 19 million people and has over 46,000 employees.

– NorthWestern Corp ($NASDAQ:NWE)

Northwestern Corp is a holding company that, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. The company has a market cap of 3.01B as of 2022 and a Return on Equity of 11.07%. The company’s subsidiaries include Northwestern Public Service Company, which provides electric utility service in South Dakota; Montana-Dakota Utilities Co, which provides electric and natural gas utility service in North Dakota, South Dakota, and Montana; and Nipsco Industries, Inc, which provides electric utility service in Indiana and Illinois.

– Otter Tail Corp ($NASDAQ:OTTR)

Otter Tail Corporation is a holding company that engages in the electric, manufacturing, and plastics businesses in the United States. It operates through the following segments: Electric, Manufacturing, and Plastics. The Electric segment generates, transmits, and distributes electricity in Minnesota, North Dakota, and South Dakota. The Manufacturing segment designs and manufactures metal fabricated products and components primarily for the medical device and other industries. The Plastics segment manufactures and sells plastic products. The company was founded by John N. Teigen in 1907 and is headquartered in Fergus Falls, MN.

Summary

Investing in BLACK HILLS can be a great way to diversify your portfolio and get exposure to a company with a long history of success. The company has a strong track record of growing its business and delivering shareholder value. Black Hills has a diversified business model that includes both electric and gas utility operations, as well as a growing renewable energy business.

The company is well-positioned to benefit from the continued growth of the U.S. economy and the shift to cleaner energy sources. Investors in Black Hills can expect to receive a healthy dividend yield, as well as the potential for capital gains as the company continues to grow its business.