Tcw Group Boosted By $705,600 Its Melco Resort Entertainment L (MPEL) Position; Black Hills Has 1.03 Sentiment

June 14, 2018 - By Ash

Black Hills Corporation (NYSE:BKH) Logo

Black Hills Corp (BKH) investors sentiment decreased to 1.03 in 2018 Q1. It’s down -0.25, from 1.28 in 2017Q4. The ratio turned negative, as 106 hedge funds increased and started new positions, while 103 sold and trimmed holdings in Black Hills Corp. The hedge funds in our database reported: 52.07 million shares, up from 51.54 million shares in 2017Q4. Also, the number of hedge funds holding Black Hills Corp in top ten positions was flat from 1 to 1 for the same number . Sold All: 36 Reduced: 67 Increased: 64 New Position: 42.

Tcw Group Inc increased Melco Resort Entertainment L (MPEL) stake by 16.51% reported in 2018Q1 SEC filing. Tcw Group Inc acquired 25,200 shares as Melco Resort Entertainment L (MPEL)’s stock 0.00%. The Tcw Group Inc holds 177,800 shares with $5.15 million value, up from 152,600 last quarter. Melco Resort Entertainment L now has $ valuation. The stock increased 0.00% or $0.08 during the last trading session, reaching $18.97. It is down 0.00% since June 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility firm in the United States. The company has market cap of $3.04 billion. The companyÂ’s Electric Utilities segment generates, transmits, and distributes electricity to approximately 208,500 electric clients in South Dakota, Wyoming, Colorado, and Montana. It has a 13.35 P/E ratio. This segment owns 941 megawatts of generation capacity and 8,806 miles of electric transmission and distribution lines.

Hillcrest Asset Management Llc holds 2.26% of its portfolio in Black Hills Corporation for 206,950 shares. Denver Investment Advisors Llc owns 298,824 shares or 0.86% of their US portfolio. Moreover, Ima Wealth Inc. has 0.77% invested in the company for 31,975 shares. The New York-based Cramer Rosenthal Mcglynn Llc has invested 0.54% in the stock. Farmers & Merchants Investments Inc, a Nebraska-based fund reported 118,905 shares.

Ratings analysis reveals 100% of Black Hills Corp’s analysts are positive. Out of 2 Wall Street analysts rating Black Hills Corp, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. BKH was included in 2 notes of analysts from December 14, 2016. On Wednesday, January 25 the stock rating was initiated by Credit Suisse with “Outperform”. The rating was initiated by Singular Research with “Buy” on Wednesday, December 14.

Analysts await Black Hills Corporation (NYSE:BKH) to report earnings on August, 2. They expect $0.41 earnings per share, 0.00% or $0.00 from last year’s $0.41 per share. BKH’s profit will be $21.97M for 34.60 P/E if the $0.41 EPS becomes a reality. After $1.63 actual earnings per share reported by Black Hills Corporation for the previous quarter, Wall Street now forecasts -74.85% negative EPS growth.

The stock increased 0.14% or $0.08 during the last trading session, reaching $56.75. About 224,893 shares traded. Black Hills Corporation (BKH) has declined 16.78% since June 14, 2017 and is downtrending. It has underperformed by 29.35% the S&P500. Some Historical BKH News: ; 01/05/2018 – Black Hills Corp. Subsidiary Selected for 60-Megawatt Wind Project in Colorado; 21/05/2018 – GREATLAND GOLD – COMPREHENSIVE REVIEW OF HISTORIC DATA HAS IDENTIFIED FOUR DISTINCT ZONES OF GOLD MINERALISATION AT ITS 100% OWNED BLACK HILLS LICENCE; 14/05/2018 – Renaissance Technologies LLC Exits Position in Black Hills; 14/03/2018 – BLACK HILLS CORP – CONCUR WITH NEGATIVE SENTIMENTS REGARDING POTENTIAL FOR MUNICIPALIZATION OF PUEBLO UTILITY ASSETS; 25/05/2018 – Black Hills Receiver LLC Stabilizes Operations of 19 Healthcare Facilities in South Dakota; 14/03/2018 – BLACK HILLS: SALE OF UTILITY ASSETS INCONSISTENT W/ STRATEGY; 14/03/2018 – REG-BLACK HILLS CORP. SENDS LETTER RESPONDING TO SAN ISABEL ELECTRIC ASSOCIATION AND SOUTHEAST COLORADO POWER ASSOCIATION; 16/05/2018 – Black Hills May Benefit, Natural Gas Best in More Than 5 Years; 05/04/2018 – Kansas CC: In the Matter of the Application of Black Hills/Kansas Gas Utility Company, LLC, d/b/a Black Hills Energy, for; 03/05/2018 – BLACK HILLS 1Q ADJ EPS $1.63, EST. $1.50

Another recent and important Black Hills Corporation (NYSE:BKH) news was published by Seekingalpha.com which published an article titled: “Xcel Energy: A Slam Dunk Decision” on June 14, 2018.

Among 15 analysts covering Melco Crown Entertainment (NASDAQ:MPEL), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. Melco Crown Entertainment had 23 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Melco Crown Entertainment Limit (NASDAQ:MPEL) has “Outperform” rating given on Monday, October 12 by Credit Suisse. The firm has “Buy” rating given on Monday, January 9 by CLSA. HSBC upgraded the stock to “Buy” rating in Monday, October 12 report. The company was upgraded on Monday, November 21 by Credit Suisse. The firm has “Neutral” rating by Macquarie Research given on Thursday, March 17. The stock of Melco Crown Entertainment Limit (NASDAQ:MPEL) has “Hold” rating given on Tuesday, October 6 by Deutsche Bank. The company was upgraded on Monday, January 9 by Bank of America. The rating was initiated by Buckingham Research with “Neutral” on Thursday, August 11. The firm has “Neutral” rating by Nomura given on Wednesday, January 25. The rating was downgraded by Credit Suisse to “Neutral” on Monday, April 4.

Tcw Group Inc decreased Macerich Co (NYSE:MAC) stake by 30,101 shares to 220,918 valued at $12.38 million in 2018Q1. It also reduced Fastenal Co (NASDAQ:FAST) stake by 152,884 shares and now owns 1.53 million shares. Zayo Group Hldgs Inc (NYSE:ZAYO) was reduced too.

Black Hills Corporation (NYSE:BKH) Institutional Positions Chart

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