Black Hills is a utility holding company. Through its subsidiaries, Co. conducts its operations through the following reportable segments: Electric Utilities and Gas Utilities. Co.'s Electric Utilities segment generates, transmits and distributes electricity. Co. also owns and operates non-regulated power generation and mining assets that are vertically integrated into its Electric Utilities. Co.'s Gas Utilities segment transports and distributes natural gas through its distribution network customers. Additionally, Co. sells contractual pipeline capacity and gas commodities to other utilities and marketing companies, including its affiliates, on an as-available basis. We show 58 historical shares outstanding datapoints in our BKH shares outstanding history coverage, used to compute BKH market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BKH market cap history over the course of time is important for investors
interested in comparing BKH's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BKH versus a peer is one thing; comparing
BKH market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BKH can fluctuate over the course of history.
With this page we aim to empower investors researching BKH by allowing them to research the BKH market cap history. |
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Video: The Importance of Market Cap
