Black Hills Corporation (NYSE:BKH) Stock Has Consensus Target Price of $83.25

Shares of Black Hills Corporation (NYSE:BKH) have received an average rating of “Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $83.25.

BKH has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Freedom Broker upgraded shares of Black Hills from a “hold” rating to a “buy” rating and boosted their price target for the company from $69.00 to $78.00 in a research note on Wednesday, October 7th. Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Bank of America lifted their target price on shares of Black Hills from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. Finally, BMO Capital Markets increased their price target on shares of Black Hills from $83.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, October 8th.

Institutional Trading of Black Hills

Large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Black Hills in the second quarter worth $928,675,000. Corient Private Wealth LP purchased a new position in Black Hills in the 2nd quarter worth approximately $3,691,000. Bank of New York Mellon Corp purchased a new position in shares of Black Hills in the second quarter worth $56,841,000. Pictet Asset Management Holding SA raised its stake in shares of Black Hills by 5,286.1% during the first quarter. Pictet Asset Management Holding SA now owns 593,543 shares of the utilities provider’s stock valued at $41,198,000 after acquiring an additional 582,523 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in Black Hills in the 2nd quarter worth approximately $42,613,000. Institutional investors own 86.71% of the company’s stock.

Black Hills Stock Performance

NYSE BKH opened at $79.32 on Friday. Black Hills has a 1 year low of $62.26 and a 1 year high of $79.64. The firm’s 50 day simple moving average is $73.09 and its 200 day simple moving average is $73.50. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 3.11 and a beta of 0.68.

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

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a dividend of $0.7030 per share. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, August 17th. Black Hills’s payout ratio is presently 70.96%.

About Black Hills

Black Hills Corporation (NYSE:BKH) is an energy company headquartered in Rapid City, South Dakota. Through its Black Hills Energy businesses, the company provides regulated electric and natural gas utility services to residential, commercial and industrial customers.

Black Hills operates electric utilities and natural gas distribution systems across parts of Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its activities include generating and purchasing electricity, transmitting and distributing power, distributing natural gas, and developing and maintaining the infrastructure needed to serve its utility customers.

The company traces its history to the Black Hills region and has expanded through the development and acquisition of utility operations in the central and western United States.