Black Hills Corporation (NYSE:BKH) Receives Consensus Rating of “Buy” from Analysts

Black Hills Corporation (NYSE:BKH) has been assigned a consensus rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $81.1667.

Several research analysts have weighed in on BKH shares. Siebert Williams Shank raised shares of Black Hills from a “hold” rating to a “buy” rating and increased their price target for the company from $79.00 to $82.00 in a report on Thursday, March 12th. Oppenheimer set a $78.00 price target on shares of Black Hills in a report on Thursday, June 11th. Weiss Ratings cut shares of Black Hills from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 9th. Wall Street Zen cut shares of Black Hills from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Finally, LADENBURG THALM/SH SH started coverage on shares of Black Hills in a report on Wednesday, April 1st. They set a “buy” rating and a $77.00 target price on the stock.

Black Hills Stock Down 0.1%

Black Hills stock opened at $72.71 on Friday. The stock has a market cap of $5.54 billion, a P/E ratio of 18.93, a P/E/G ratio of 2.88 and a beta of 0.72. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. Black Hills has a twelve month low of $55.50 and a twelve month high of $78.69. The company’s 50-day moving average price is $73.66 and its two-hundred day moving average price is $72.28.

Black Hills (NYSE:BKH) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.09). The company had revenue of $780.70 million during the quarter, compared to the consensus estimate of $769.19 million. Black Hills had a net margin of 12.61% and a return on equity of 7.77%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts expect that Black Hills will post 4.34 EPS for the current year.

Black Hills Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a dividend of $0.703 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.81 annualized dividend and a dividend yield of 3.9%. Black Hills’s dividend payout ratio (DPR) is currently 73.18%.

Insider Activity at Black Hills

In other news, Director Robert P. Otto sold 4,109 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $807,958.92. This trade represents a 27.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Black Hills by 2.6% during the third quarter. Vanguard Group Inc. now owns 8,990,841 shares of the utilities provider’s stock worth $553,746,000 after purchasing an additional 225,636 shares during the period. State Street Corp increased its holdings in shares of Black Hills by 0.8% during the second quarter. State Street Corp now owns 3,841,615 shares of the utilities provider’s stock worth $215,515,000 after purchasing an additional 31,093 shares during the period. Capital Research Global Investors increased its holdings in shares of Black Hills by 38.7% during the fourth quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider’s stock worth $157,995,000 after purchasing an additional 634,800 shares during the period. Geode Capital Management LLC increased its stake in Black Hills by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 1,894,539 shares of the utilities provider’s stock valued at $131,548,000 after acquiring an additional 55,232 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in Black Hills by 176.9% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,592,000 shares of the utilities provider’s stock valued at $110,517,000 after acquiring an additional 1,017,000 shares during the last quarter. 86.71% of the stock is owned by 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.