Ohio Investment Firm Reduces Stake in Black Hills Corporation
April 27, 2023
Trending News 🌥️
A major financial shift is occurring in Black Hills ($NYSE:BKH) Corporation, as Strs Ohio has announced a reduction of its stock investments in the company. According to Defense World, the Ohio-based investment firm has chosen to cut its holdings in the company. Black Hills Corporation is a diversified energy company based in Rapid City, South Dakota. It operates in three segments: Utilities, Exploration and Production, and Marketing. The company produces electricity and natural gas and provides related services to customers in the Midwest and the West.
Additionally, it engages in oil, natural gas, and coal exploration activities. Over the years, it has grown to become one of the largest independent producers of electricity in the United States. Despite Strs Ohio’s decision to reduce its stake, Black Hills Corporation remains a viable investment opportunity for other investors. Its diverse portfolio of energy products ensures a steady stream of revenues, while its innovative strategies have enabled it to maintain steady growth over the years.
Market Price
On Thursday, an Ohio-based investment firm, decreased its stake in Black Hills Corporation (BLKH). BLKH stock opened at $64.9 and closed at $65.0, an increase of 0.1% from the last closing price of 64.9. Despite this, it appears the stock has maintained its value and investors seem to remain optimistic about the future of the company. 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 |
| 2.55k | 258.39 | 10.1% |
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 | 44.36 |
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 |
| 13.7% | 3.9% | 18.0% |
| FCF Margin | ROE | ROA |
| -0.8% | 9.7% | 3.0% |
Analysis
At GoodWhale, we recently conducted an analysis of BLACK HILLS‘s wellbeing. After evaluating various aspects of the company’s financial and business operations, our Risk Rating concluded that BLACK HILLS is a medium risk investment. Upon closer inspection of the income sheet, we detected one risk warning. Becoming a registered user of GoodWhale will allow you to see the details of this warning. We encourage you to do so if you are interested in learning more about BLACK HILLS’s financial health. 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
Black Hills Co. recently decreased its stock holdings in the Ohio area. The investment analysis indicates that the company is expecting a decrease in returns on their investment in the near-term. This can be seen as a strategic move that indicates the company is anticipating a period of economic uncertainty and volatility in the industry. Other investing strategies include diversification and evaluating risk versus reward before investing.
Black Hills Co. is making a wise decision by reducing exposure to a single market and diversifying investments into other markets. These decisions will help the company maximize returns in the long run.
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