Black Hills (NYSE:BKH) Releases FY 2026 Earnings Guidance

Black Hills (NYSE:BKH) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.250-4.450 for the period, compared to the consensus earnings per share estimate of 4.340. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Scotiabank raised Black Hills from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $66.00 to $81.00 in a research report on Friday, November 7th. BMO Capital Markets lifted their price target on shares of Black Hills from $70.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Black Hills in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.67.

Black Hills Trading Down 2.7%

Shares of Black Hills stock traded down $2.02 on Friday, reaching $72.42. The company had a trading volume of 620,394 shares, compared to its average volume of 1,021,638. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 3.24 and a beta of 0.75. The firm’s 50-day moving average price is $71.27 and its two-hundred day moving average price is $65.39. Black Hills has a 1 year low of $54.92 and a 1 year high of $75.87. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.91 and a quick ratio of 0.67.

Black Hills (NYSE:BKH) last issued its earnings results on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The firm had revenue of $635.50 million during the quarter, compared to analyst estimates of $809.88 million. Black Hills had a net margin of 12.62% and a return on equity of 7.99%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts predict that Black Hills will post 4.12 earnings per share for the current fiscal year.

Black Hills Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.703 per share. This is a positive change from Black Hills’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, February 17th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.9%. Black Hills’s payout ratio is 70.60%.

Insider Transactions at Black Hills

In other Black Hills news, CFO Kimberly F. Nooney sold 14,500 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $70.70, for a total transaction of $1,025,150.00. Following the sale, 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.63% of the company’s stock.

Institutional Trading of Black Hills

Institutional investors have recently modified their holdings of the business. Advisory Services Network LLC purchased a new stake in Black Hills during the 3rd quarter worth about $45,000. Geneos Wealth Management Inc. grew 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 worth $58,000 after buying an additional 317 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Black Hills by 42.6% in the third quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock valued at $73,000 after buying an additional 352 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Black Hills by 90.3% during the third quarter. Larson Financial Group LLC now owns 1,960 shares of the utilities provider’s stock valued at $121,000 after buying an additional 930 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Black Hills by 42.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,344 shares of the utilities provider’s stock worth $131,000 after acquiring an additional 695 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

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.