Black Hills (NYSE:BKH) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Black Hills (NYSE:BKH) released its earnings results on Wednesday. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.41 by $0.13, FiscalAI reports. The business had revenue of $452.80 million during the quarter, compared to analysts’ expectations of $490.89 million. Black Hills had a return on equity of 8.03% and a net margin of 13.01%.The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. Black Hills updated its FY 2026 guidance to 4.250-4.450 EPS.

Black Hills Price Performance

Shares of NYSE:BKH opened at $72.75 on Friday. Black Hills has a 1-year low of $58.06 and a 1-year high of $78.69. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The stock has a market cap of $5.54 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.84 and a beta of 0.71. The stock’s fifty day simple moving average is $73.32 and its two-hundred day simple moving average is $73.11.

Black Hills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.703 per share. The ex-dividend date is Monday, August 17th. This represents a $2.81 annualized dividend and a yield of 3.9%. Black Hills’s dividend payout ratio (DPR) is 73.18%.

Insider Buying and Selling at Black Hills

In related news, Director Robert P. Otto sold 4,109 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total transaction of $304,969.98. Following the transaction, the director directly owned 10,886 shares in the company, valued at approximately $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is owned by insiders.

Institutional Trading of Black Hills

A number of large investors have recently added to or reduced their stakes in BKH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Black Hills by 7.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider’s stock valued at $2,596,000 after purchasing an additional 2,906 shares during the period. NewEdge Advisors LLC boosted its position in shares of Black Hills by 83.2% in the first quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider’s stock valued at $203,000 after acquiring an additional 1,519 shares during the period. Jones Financial Companies Lllp grew its position in shares of Black Hills by 37.8% during the 1st quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock valued at $184,000 after purchasing an additional 834 shares in the last quarter. United Services Automobile Association bought a new position in Black Hills in the 1st quarter worth about $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Black Hills by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,673 shares of the utilities provider’s stock valued at $8,168,000 after purchasing an additional 7,332 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analyst Ratings Changes

BKH has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Bank of America boosted their target price on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Oppenheimer set a $78.00 price target on Black Hills in a research note on Thursday, June 11th. BMO Capital Markets cut their price target on Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Finally, Wall Street Zen cut Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $81.67.

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.