Wall Street Zen Upgrades Black Hills (NYSE:BKH) to Hold

Black Hills (NYSE:BKH) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other research analysts have also issued research reports about the company. Oppenheimer set a $78.00 price target on Black Hills in a research note on Thursday, June 11th. Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. BMO Capital Markets dropped their target price on Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Finally, Bank of America increased their target price on Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, Black Hills has a consensus rating of “Buy” and a consensus price target of $81.67.

Black Hills Stock Performance

Shares of NYSE BKH opened at $74.66 on Friday. The company has a market cap of $5.68 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71. Black Hills has a 12 month low of $58.06 and a 12 month high of $78.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.52 and a quick ratio of 0.41. The company has a 50-day simple moving average of $73.36 and a 200-day simple moving average of $73.12.

Black Hills (NYSE:BKH) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.13. The business had revenue of $452.80 million for the quarter, compared to the consensus estimate of $490.89 million. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 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 will post 4.34 earnings per share for the current year.

Insider Activity at Black Hills

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Clearstead Trust LLC purchased a new stake in Black Hills during the 2nd quarter worth approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Black Hills during the 2nd quarter valued at approximately $34,000. Advisory Services Network LLC purchased a new position in shares of Black Hills during the 3rd quarter valued at approximately $45,000. Global Retirement Partners LLC acquired a new stake in shares of Black Hills during the second quarter worth approximately $56,000. Finally, First Horizon Corp grew its position in shares of Black Hills by 192.8% during the fourth quarter. First Horizon Corp now owns 773 shares of the utilities provider’s stock worth $54,000 after buying an additional 509 shares in the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

Black Hills Company Profile

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.