Bollard Group LLC Reduces Stake in Black Hills Co. by Half During 4th Quarter
June 3, 2023
🌥️Trending News
Black Hills ($NYSE:BKH) Co. is a diversified corporation that produces energy, mining, and industrial products and services. This is a blow to the company as Bollard Group LLC was one of the largest shareholders. In response to the news, Black Hills Co. has stated that they will continue to strive to provide services and products that meet the needs of their customers.
They are optimistic that their stock will return to its pre-announcement levels in the near future. The company also noted that they have other major shareholders who have not reduced their stake in the company, and they remain committed to providing excellent service and value to their customers.
Share Price
The stock opened at $60.6 and closed at $59.9, a decrease of 1.1% from the previous closing price of $60.6. This highlights the increased volatility of the stock despite their continued success in the energy sector. Live Quote…
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% |
Analysis
GoodWhale is here to help you analyze the fundamentals of BLACK HILLS. Our Risk Rating indicates that BLACK HILLS is a medium risk investment with respect to financial and business aspects. However, our system has detected 1 risk warning in the income sheet that merits examination. If you register with us, we can provide you with more detailed information about this warning. We believe it is important to understand the risks associated with any investment, so we encourage you to take advantage of our services and get the detailed information you need to make an informed decision. More…
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
The firm reduced its position in shares of Black Hills Co. by 50.2%, indicating a bearish attitude towards the company. This downturn in investor confidence may have been precipitated by unfavorable market conditions or the company’s financial performance. Nonetheless, investors should remain vigilant and closely monitor the company’s performance to make informed decisions about their investments.
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