Black Hills Corporation $BKH Position Cut by Entropy Technologies LP

Entropy Technologies LP decreased its position in shares of Black Hills Corporation (NYSE:BKH) by 65.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,473 shares of the utilities provider’s stock after selling 23,687 shares during the quarter. Entropy Technologies LP’s holdings in Black Hills were worth $866,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BKH. Renaissance Technologies LLC acquired a new position in Black Hills during the 1st quarter valued at about $5,497,000. Bollard Group LLC raised its holdings in shares of Black Hills by 17.0% during the first quarter. Bollard Group LLC now owns 31,880 shares of the utilities provider’s stock valued at $2,213,000 after buying an additional 4,639 shares during the last quarter. Hilltop Holdings Inc. bought a new stake in shares of Black Hills during the first quarter valued at approximately $466,000. Public Employees Retirement System of Ohio boosted its position in shares of Black Hills by 4.3% during the first quarter. Public Employees Retirement System of Ohio now owns 3,342 shares of the utilities provider’s stock worth $232,000 after buying an additional 137 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in Black Hills in the 1st quarter worth approximately $5,678,000. Institutional investors own 86.71% of the company’s stock.

Black Hills Price Performance

Shares of Black Hills stock opened at $74.89 on Wednesday. Black Hills Corporation has a 52 week low of $55.79 and a 52 week high of $78.69. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The stock has a market cap of $5.70 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71. The company’s 50-day moving average price is $73.62 and its two-hundred day moving average price is $73.09.

Black Hills (NYSE:BKH) last posted its quarterly earnings data 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 business had revenue of $780.70 million for 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 business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.87 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts anticipate that Black Hills Corporation will post 4.34 EPS for the current fiscal year.

Black Hills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a dividend of $0.703 per share. This represents a $2.81 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, August 17th. Black Hills’s dividend payout ratio (DPR) is presently 73.18%.

Analyst Ratings Changes

Several analysts recently commented on the company. BMO Capital Markets lowered their target price on Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a research 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 note on Friday. Oppenheimer set a $78.00 price objective on shares of Black Hills in a research note on Thursday, June 11th. Wall Street Zen lowered shares of Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, Bank of America raised their target price on shares of Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $81.67.

Insiders Place Their Bets

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of Black Hills stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total value of $304,969.98. Following the transaction, the director owned 10,886 shares in the company, valued at approximately $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.56% 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.