Black Hills Corporation $BKH Stock Sold by Leeward Investments LLC MA

Leeward Investments LLC MA cut its position in Black Hills Corporation (NYSE:BKH) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,563 shares of the utilities provider’s stock after selling 7,827 shares during the period. Leeward Investments LLC MA owned 0.17% of Black Hills worth $8,940,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its stake in Black Hills by 4.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,342 shares of the utilities provider’s stock worth $232,000 after buying an additional 137 shares during the period. GAMMA Investing LLC grew its stake in Black Hills by 17.5% in the second quarter. GAMMA Investing LLC now owns 1,134 shares of the utilities provider’s stock valued at $84,000 after acquiring an additional 169 shares during the period. Capital Financial Group Inc. Co. ADV grew its stake in Black Hills by 0.8% in the first quarter. Capital Financial Group Inc. Co. ADV now owns 22,121 shares of the utilities provider’s stock valued at $1,535,000 after acquiring an additional 171 shares during the period. Corient Private Wealth LLC grew its stake in Black Hills by 4.4% in the fourth quarter. Corient Private Wealth LLC now owns 4,804 shares of the utilities provider’s stock valued at $334,000 after acquiring an additional 204 shares during the period. Finally, Baird Financial Group Inc. grew its stake in Black Hills by 4.2% in the second quarter. Baird Financial Group Inc. now owns 5,979 shares of the utilities provider’s stock valued at $445,000 after acquiring an additional 241 shares during the period. 86.71% of the stock is owned by institutional investors.

Black Hills Trading Up 0.3%

NYSE:BKH opened at $79.64 on Monday. 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 firm has a 50-day moving average of $73.19 and a 200-day moving average of $73.56. The company has a market cap of $6.07 billion, a PE ratio of 20.11, a PEG ratio of 3.15 and a beta of 0.68. Black Hills Corporation has a one year low of $62.26 and a one year high of $79.86.

Black Hills (NYSE:BKH) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The company had revenue of $452.80 million for the quarter, compared to analyst estimates of $490.89 million. During the same quarter in the prior year, the business posted $0.38 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts expect that Black Hills Corporation will post 4.34 EPS for the current fiscal year.

Black Hills Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.7030 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.81 annualized dividend and a dividend yield of 3.5%. Black Hills’s dividend payout ratio is 70.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Jefferies Financial Group started coverage on Black Hills in a report on Wednesday, October 14th. They set a “buy” rating and a $87.00 price objective for the company. Wall Street Zen upgraded Black Hills from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Black Hills in a report on Thursday. Freedom Broker raised shares of Black Hills from a “hold” rating to a “buy” rating and lifted their price target for the company from $69.00 to $78.00 in a research report on Wednesday, October 7th. Finally, Bank of America lifted their price target on shares of Black Hills from $87.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $83.25.

Black Hills Company Profile

Black Hills Corporation (NYSE:BKH) is an energy company headquartered in Rapid City, South Dakota. Through its Black Hills Energy businesses, the company provides regulated electric and natural gas utility services to residential, commercial and industrial customers.

Black Hills operates electric utilities and natural gas distribution systems across parts of Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its activities include generating and purchasing electricity, transmitting and distributing power, distributing natural gas, and developing and maintaining the infrastructure needed to serve its utility customers.

The company traces its history to the Black Hills region and has expanded through the development and acquisition of utility operations in the central and western United States.