Amalgamated Bank Reduces Stake in Black Hills Co. by 6% in Q1
August 1, 2023
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Black Hills ($NYSE:BKH) Co. is a diversified energy company with operations in electric, natural gas distribution, and exploration and production of natural gas and oil. This marks a significant shift in ownership for the company, as Amalgamated Bank had previously held a substantial stake. It is unclear why Amalgamated Bank chose to reduce their stake in Black Hills Co., however this decision has caused the company’s stock to drop slightly. Despite the decline, analysts remain optimistic about the company’s long-term prospects and believe their operations remain sound.
While the sale of shares by Amalgamated Bank has generated some concerns among investors, many analysts believe that the company’s fundamentals remain strong and are optimistic that the stock will soon recover from its current slump. In the meantime, investors should continue to monitor the company’s progress and filings closely as any further changes in financials could impact the stock price.
Analysis
At GoodWhale, we conducted a comprehensive analysis of BLACK HILLS‘s fundamentals to determine its risk rating. Our conclusion is that BLACK HILLS is a medium risk investment in terms of financial and business aspects. Our analysis included risk warnings, which we detected in the income sheet. If you’re interested in learning more about these risk warnings, be sure to register with us for further details. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Black Hills. More…
| Total Revenues | Net Income | Net Margin |
| 2.65k | 254.96 | 9.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Black Hills. More…
| Operations | Investing | Financing |
| 584.8 | -603.88 | 32.25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Black Hills. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.62k | 6.53k | 45.19 |
Key Ratios Snapshot
Some of the financial key ratios for Black Hills are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.5% | 4.6% | 17.4% |
| FCF Margin | ROE | ROA |
| -0.7% | 9.6% | 3.0% |
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
Black Hills Co. is a company whose stock has been subject to close scrutiny from investors. Analysts seem to be split on what this could mean for the company in the future; some feel that it could be a sign of a weakening financial position, while others highlight the potential for growth. Ultimately, careful analysis is needed to make an informed decision when it comes to investing in Black Hills Co. It’s important to look into the business’s financials, competitive landscape, and management team to get a full picture of the company and help guide your investment decisions.
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