PEAK6 LLC Takes Position in Black Hills Corporation $BKH

PEAK6 LLC purchased a new stake in Black Hills Corporation (NYSE:BKH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 32,248 shares of the utilities provider’s stock, valued at approximately $2,399,000.

Other hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC bought a new position in Black Hills in the second quarter valued at about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Black Hills during the 2nd quarter worth about $34,000. Advisory Services Network LLC acquired a new position in Black Hills during the 3rd quarter valued at about $45,000. Global Retirement Partners LLC acquired a new position in Black Hills during the 2nd quarter valued at about $56,000. Finally, Smartleaf Asset Management LLC boosted its stake 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 valued at $59,000 after purchasing an additional 274 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors.

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 that occurred on Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total value of $304,969.98. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by company insiders.

Black Hills Stock Performance

Shares of NYSE:BKH opened at $71.71 on Monday. The firm’s 50 day simple moving average is $73.69 and its 200 day simple moving average is $73.16. Black Hills Corporation has a fifty-two week low of $58.06 and a fifty-two week high of $78.69. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 2.84 and a beta of 0.71. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.52 and a quick ratio of 0.41.

Black Hills (NYSE:BKH) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. The firm had revenue of $452.80 million during the quarter, compared to analysts’ expectations of $490.89 million. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts forecast that Black Hills Corporation will post 4.34 earnings per share for the current year.

Black Hills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.703 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.9%. Black Hills’s dividend payout ratio (DPR) is currently 70.96%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BKH shares. Oppenheimer set a $78.00 price target on shares of Black Hills in a research report on Thursday, June 11th. Wall Street Zen raised shares of Black Hills from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. BMO Capital Markets lowered their target price on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Finally, Bank of America increased their price target on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Black Hills currently has an average rating of “Buy” and a consensus target price of $81.67.

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.