Black Hills Corporation $BKH Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Black Hills Corporation (NYSE:BKH) by 315.4% in the first quarter, HoldingsChannel.com reports. The firm owned 29,220 shares of the utilities provider’s stock after buying an additional 22,185 shares during the quarter. SG Americas Securities LLC’s holdings in Black Hills were worth $2,028,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BKH. Advisory Services Network LLC purchased a new stake in shares of Black Hills in the third quarter valued at approximately $45,000. First Horizon Corp grew its stake in Black Hills by 192.8% in the 4th quarter. First Horizon Corp now owns 773 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 509 shares during the period. Geneos Wealth Management Inc. increased its holdings in Black Hills by 44.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 317 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Black Hills by 47.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 850 shares of the utilities provider’s stock worth $59,000 after acquiring an additional 274 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Black Hills by 42.6% during the third quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 352 shares during the period. 86.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Bank of America upgraded shares of Black Hills from a “neutral” rating to a “buy” rating and lifted their target price for the company from $76.00 to $78.00 in a research report on Thursday, June 11th. LADENBURG THALM/SH SH assumed coverage on shares of Black Hills in a research report on Wednesday, April 1st. They set a “buy” rating and a $77.00 price target for the company. Siebert Williams Shank upgraded Black Hills from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $79.00 to $82.00 in a report on Thursday, March 12th. BMO Capital Markets boosted their price objective on Black Hills from $84.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Finally, Oppenheimer set a $78.00 target price on Black Hills in a report on Thursday, June 11th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Black Hills presently has an average rating of “Buy” and a consensus target price of $81.17.

Black Hills Price Performance

Black Hills stock opened at $73.87 on Thursday. The company has a fifty day simple moving average of $73.53 and a 200-day simple moving average of $72.48. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.94 and a beta of 0.71. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. Black Hills Corporation has a 52-week low of $55.79 and a 52-week high of $78.69.

Black Hills (NYSE:BKH) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.09). The business had revenue of $780.70 million during the quarter, compared to analysts’ expectations of $769.19 million. Black Hills had a return on equity of 7.77% and a net margin of 12.61%.The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts anticipate that Black Hills Corporation will post 4.34 EPS for the current fiscal year.

Black Hills Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a dividend of $0.703 per share. This represents a $2.81 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, May 15th. Black Hills’s payout ratio is currently 73.18%.

Insider Buying and Selling at Black Hills

In other news, Director Robert P. Otto sold 4,109 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total value of $304,969.98. Following the completion of the sale, the director directly owned 10,886 shares in the company, valued at $807,958.92. This represents a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is currently owned by corporate insiders.

About Black Hills

Black Hills Corporation is a diversified energy company based in Rapid City, South Dakota, that provides electricity and natural gas distribution services to residential, commercial and industrial customers. Through its regulated utility subsidiaries—Black Hills Power, Cheyenne Light & Power, and Black Hills Energy—the company delivers reliable energy across Colorado, Kansas, Montana, Nebraska, South Dakota and Wyoming.

In addition to its distribution operations, Black Hills owns and operates a generation portfolio that includes natural gas–fired plants, coal-fired units, hydroelectric facilities and wind projects.