Black Hills (NYSE:BKH) Director Robert Otto Sells 4,109 Shares of Stock

Black Hills Corporation (NYSE:BKH) Director Robert 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 transaction, the director owned 10,886 shares of the company’s stock, valued at approximately $807,958.92. This trade represents a 27.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Black Hills Trading Down 1.9%

BKH stock opened at $73.11 on Friday. The company’s 50-day simple moving average is $73.01 and its 200-day simple moving average is $72.18. 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 $55.49 and a 52-week high of $78.69. The firm has a market cap of $5.57 billion, a P/E ratio of 19.04, a PEG ratio of 2.95 and a beta of 0.74.

Black Hills (NYSE:BKH) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.09). Black Hills had a return on equity of 7.77% and a net margin of 12.61%.The firm had revenue of $780.70 million for the quarter, compared to analysts’ expectations of $769.19 million. During the same period in the previous year, the company earned $1.87 earnings per share. The company’s revenue was down 3.0% 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 analysts forecast that Black Hills Corporation will post 4.34 EPS for the current fiscal year.

Black Hills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid 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 of this dividend is Friday, May 15th. Black Hills’s dividend payout ratio is presently 73.18%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BKH. LADENBURG THALM/SH SH began 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. Wall Street Zen downgraded shares of Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Weiss Ratings upgraded shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, May 21st. Siebert Williams Shank upgraded shares of Black Hills from a “hold” rating to a “buy” rating and upped their price target for the stock from $79.00 to $82.00 in a research report on Thursday, March 12th. Finally, BMO Capital Markets upped their price target on shares of Black Hills from $84.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Black Hills presently has an average rating of “Moderate Buy” and an average price target of $81.40.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Zimmer Partners LP raised its holdings in Black Hills by 2,100.0% in the 3rd quarter. Zimmer Partners LP now owns 1,100,020 shares of the utilities provider’s stock valued at $67,750,000 after acquiring an additional 1,050,020 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in Black Hills by 176.9% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,592,000 shares of the utilities provider’s stock valued at $110,517,000 after acquiring an additional 1,017,000 shares during the last quarter. Engineers Gate Manager LP raised its holdings in Black Hills by 17,790.3% in the 4th quarter. Engineers Gate Manager LP now owns 849,073 shares of the utilities provider’s stock valued at $58,943,000 after acquiring an additional 844,327 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Black Hills by 10,853.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 664,080 shares of the utilities provider’s stock valued at $40,901,000 after acquiring an additional 658,017 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in Black Hills by 38.7% in the 4th quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider’s stock valued at $157,995,000 after acquiring an additional 634,800 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

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.