Black Hills Corporation (NYSE:BKH) Receives Average Rating of “Buy” from Brokerages

Shares of Black Hills Corporation (NYSE:BKH) have been assigned an average recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is $82.6667.

BKH has been the subject of several research reports. Bank of America increased their price objective on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a report on Friday, July 10th. LADENBURG THALM/SH SH started coverage on shares of Black Hills in a report on Wednesday, April 1st. They set a “buy” rating and a $77.00 target price on the stock. BMO Capital Markets raised their price target on Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Wall Street Zen downgraded shares of Black Hills from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Finally, Oppenheimer set a $78.00 target price on Black Hills in a research report on Thursday, June 11th.

Insider Activity

In other news, Director Robert P. Otto sold 4,109 shares of the firm’s 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 transaction, the director owned 10,886 shares in the company, valued at approximately $807,958.92. This trade represents a 27.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new position in shares of Black Hills during the third quarter valued at approximately $45,000. First Horizon Corp lifted its holdings 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 valued at $54,000 after purchasing an additional 509 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Black Hills by 44.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 317 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of 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 purchasing an additional 274 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Black Hills during the first quarter valued at $67,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Black Hills Price Performance

Shares of NYSE BKH opened at $75.50 on Wednesday. Black Hills has a twelve month low of $55.79 and a twelve month high of $78.69. The stock’s 50 day moving average price is $73.47 and its 200-day moving average price is $72.73. The company has a market capitalization of $5.75 billion, a PE ratio of 19.66, a PEG ratio of 3.00 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 (NYSE:BKH) last released 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). The business had revenue of $780.70 million during the quarter, compared to the consensus estimate of $769.19 million. Black Hills had a net margin of 12.61% and a return on equity of 7.77%. The business’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $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 will post 4.34 EPS for the current year.

Black Hills Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a dividend of $0.703 per share. This represents a $2.81 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, May 15th. Black Hills’s dividend payout ratio (DPR) is presently 73.18%.

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.