Black Hills Corporation (NYSE:BKH) Receives $81.17 Average PT from Analysts

Black Hills Corporation (NYSE:BKH) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have covered the stock in the last year is $81.1667.

A number of research analysts recently weighed in on BKH shares. Bank of America upgraded shares of Black Hills from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $78.00 in a report on Thursday, June 11th. Siebert Williams Shank upgraded shares of Black Hills from a “hold” rating to a “buy” rating and lifted their price objective for the company from $79.00 to $82.00 in a report on Thursday, March 12th. BMO Capital Markets lifted their price objective on shares of Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. LADENBURG THALM/SH SH began coverage on shares of Black Hills in a report on Wednesday, April 1st. They issued a “buy” rating and a $77.00 price objective for the company. Finally, Oppenheimer set a $78.00 price target on shares of Black Hills in a research note on Thursday, June 11th.

Insider Transactions at Black Hills

In related news, Director Robert P. Otto sold 4,109 shares of Black Hills stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total value of $304,969.98. Following the completion of the transaction, the director owned 10,886 shares in the company, valued at $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BKH. Greenland Capital Management LP grew its holdings in shares of Black Hills by 140.6% during the third quarter. Greenland Capital Management LP now owns 29,573 shares of the utilities provider’s stock worth $1,821,000 after purchasing an additional 17,280 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Black Hills by 67.7% during the third quarter. JPMorgan Chase & Co. now owns 618,131 shares of the utilities provider’s stock worth $38,071,000 after purchasing an additional 249,640 shares in the last quarter. Capital Research Global Investors increased its position in shares of Black Hills by 38.7% during the fourth quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider’s stock worth $157,995,000 after purchasing an additional 634,800 shares in the last quarter. Barnett & Company Inc. increased its position in shares of Black Hills by 105.8% during the third quarter. Barnett & Company Inc. now owns 28,400 shares of the utilities provider’s stock worth $1,749,000 after purchasing an additional 14,600 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. acquired a new stake in shares of Black Hills during the fourth quarter worth about $5,985,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Black Hills Trading Up 2.3%

Shares of BKH stock opened at $76.03 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.65. The stock has a market capitalization of $5.79 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 2.94 and a beta of 0.72. The company has a 50 day moving average price of $73.64 and a 200 day moving average price of $72.39. Black Hills has a fifty-two week low of $55.50 and a fifty-two week high of $78.69.

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

Black Hills Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a $0.703 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.81 dividend on an annualized basis and a yield of 3.7%. Black Hills’s payout ratio is currently 73.18%.

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.