Black Hills Corporation (BKH) reported a solid fourth quarter last week, with earnings per share (EPS) of $1.23 vs. $1.13, $0.08 better than expectations. Favorable regulatory rulings and good cost management drove the improvement and are expected to continue to help the company this year. BKH raised EPS expectations for this year by $0.10 to $3.80-$4.00.

The stock has come under some pressure today due to interest rate concerns. However, you have to keep in mind that utilities outperformed the market easily when rates rose in 2018, given their status as a safe haven. I think we could see the same happen if interest rates rise again. I still like the stock. Buy BKH under $62. My target is $67.