Adage Capital Partners Gp, L.L.C. Adds $34M in Black Hills Corporation ($BKH)
Key Points
- Adage Capital Partners Gp, L.L.C. changed its Black Hills Corporation ($BKH) stake by 30.0% last quarter, boosting to 2,069,827 shares worth $148.51 million.
- Wall Street's consensus rating on $BKH is Strong Buy and an average price target of $83.40.
- $BKH last traded around $71.75.
Adage Capital Partners Gp, L.L.C. increased its position in Black Hills Corporation ($BKH) by 30.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,069,827 shares of Black Hills Corporation after buying 477,827 shares during the quarter. Adage Capital Partners Gp, L.L.C.'s holdings in Black Hills Corporation were worth $148.51 million as of its most recent filing.
Black Hills Corporation ($BKH) Stock
Black Hills Corporation Earnings
Black Hills Corporation Dividend
Analysts Set New Price Targets
About Black Hills Corporation
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates through the Electric Utilities and Gas Utilities segments. The Electric Utilities segment engages in the generation, transmission, and distribution of electricity to electric utility customers in Colorado, Montana, South Dakota, and Wyoming; ownership and operation of 1,386 megawatts of generation capacity, and 9,478 miles of electric transmission and distribution lines; sale of excess power to other utilities and marketing companies; and ownership and operation of non-regulated power generation and mining assets. Its Gas Utilities segment is involved in the distribution of natural gas to approximately 1,138,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; ownership and operation of 4,581 miles of intrastate gas transmission pipelines; 44,840 miles of gas distribution mains and service lines; seven natural gas storage sites; and approximately 50,000 horsepower of compression and 494 miles of gathering lines. The company also provides non-regulated services to its retail customers, including Service Guard Comfort Plan, which provides home appliance repair services through on-going monthly service agreements to residential utility customers; Tech Services, which include construction and maintenance of customer-owned gas infrastructure facilities, as well as electrical system construction services; and HomeServe, which are additional home repair service plans for natural gas residential customers. In addition, the company produces electric power through wind, natural gas, and coal-fired generating plants, as well as coal at its coal mine located near Gillette, Wyoming. Black Hills Corporation was incorporated in 1941 and is headquartered in Rapid City, South Dakota.
See Also
This instant news alert was generated by automated narrative technology and financial data from Opentrades and public regulatory filings. It is for informational purposes only and is not financial advice.