FY2025 EPS Estimates for Black Hills Decreased by Analyst

Black Hills Corporation (NYSE:BKH) – Research analysts at Scotiabank cut their FY2025 earnings estimates for Black Hills in a research report issued to clients and investors on Friday, January 23rd. Scotiabank analyst A. Weisel now anticipates that the utilities provider will post earnings of $4.08 per share for the year, down from their prior estimate of $4.12. Scotiabank currently has a “Sector Outperform” rating and a $81.00 price target on the stock. The consensus estimate for Black Hills’ current full-year earnings is $4.12 per share.

Several other research analysts have also recently commented on BKH. Weiss Ratings reissued a “buy (b-)” rating on shares of Black Hills in a research note on Monday, December 29th. BMO Capital Markets boosted their price objective on Black Hills from $70.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.67.

Black Hills Stock Up 1.3%

Shares of NYSE BKH opened at $73.59 on Monday. The stock has a market cap of $5.36 billion, a P/E ratio of 18.58, a PEG ratio of 3.19 and a beta of 0.75. The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. Black Hills has a 12-month low of $54.92 and a 12-month high of $74.23. The business’s fifty day simple moving average is $70.99 and its 200-day simple moving average is $64.70.

Black Hills (NYSE:BKH) last released its earnings results on Thursday, November 6th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. Black Hills had a net margin of 12.54% and a return on equity of 7.86%. The company had revenue of $430.20 million for the quarter, compared to analyst estimates of $439.96 million. During the same period in the prior year, the business earned $0.35 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis.

Black Hills Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Tuesday, February 17th will be issued a $0.703 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 3.8%. This is a positive change from Black Hills’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, February 17th. Black Hills’s dividend payout ratio is currently 68.18%.

Insider Transactions at Black Hills

In other Black Hills news, CFO Kimberly F. Nooney sold 14,500 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $70.70, for a total value of $1,025,150.00. Following the transaction, the chief financial officer directly owned 34,621 shares in the company, valued at $2,447,704.70. This represents a 29.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BKH. Autumn Glory Partners LLC acquired a new position in shares of Black Hills in the 4th quarter valued at $208,000. Hennessy Advisors Inc. raised its stake in Black Hills by 0.6% during the 4th quarter. Hennessy Advisors Inc. now owns 47,147 shares of the utilities provider’s stock worth $3,273,000 after buying an additional 300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Black Hills by 7.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,952 shares of the utilities provider’s stock worth $1,038,000 after acquiring an additional 996 shares in the last quarter. Miller Howard Investments Inc. NY lifted its holdings in Black Hills by 8.6% during the fourth quarter. Miller Howard Investments Inc. NY now owns 15,357 shares of the utilities provider’s stock worth $1,066,000 after acquiring an additional 1,217 shares in the last quarter. Finally, First Horizon Corp grew its stake in Black Hills by 192.8% in the fourth quarter. First Horizon Corp now owns 773 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 509 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

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.