Black Hills (NYSE:BKH) Releases Earnings Results, Beats Expectations By $0.13 EPS

Black Hills (NYSE:BKH) announced its quarterly earnings results on Wednesday. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13, FiscalAI reports. Black Hills had a return on equity of 7.77% and a net margin of 12.61%.The firm had revenue of $452.80 million during the quarter, compared to analyst estimates of $490.89 million. During the same quarter in the previous year, the business earned $0.38 earnings per share. Black Hills’s quarterly revenue was up 3.1% on a year-over-year basis. Black Hills updated its FY 2026 guidance to 4.250-4.450 EPS.

Black Hills Stock Down 1.0%

NYSE:BKH opened at $71.55 on Thursday. The stock has a market capitalization of $5.45 billion, a P/E ratio of 18.63, a P/E/G ratio of 2.86 and a beta of 0.71. Black Hills has a fifty-two week low of $58.06 and a fifty-two week high of $78.69. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.65. The company’s 50-day simple moving average is $73.33 and its 200-day simple moving average is $73.11.

Black Hills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.703 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.81 dividend on an annualized basis and a yield of 3.9%. Black Hills’s dividend payout ratio (DPR) is presently 73.18%.

Insider Transactions at Black Hills

In other news, Director Robert P. Otto sold 4,109 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was 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 represents a 27.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Black Hills

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Black Hills by 7.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider’s stock valued at $2,596,000 after purchasing an additional 2,906 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Black Hills by 83.2% during the first quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider’s stock valued at $203,000 after buying an additional 1,519 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Black Hills by 37.8% in the 1st quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock worth $184,000 after acquiring an additional 834 shares during the last quarter. United Services Automobile Association purchased a new stake in Black Hills during the 1st quarter valued at about $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Black Hills by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,673 shares of the utilities provider’s stock worth $8,168,000 after purchasing an additional 7,332 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BKH has been the topic of several research reports. Bank of America raised their price objective on Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Wall Street Zen lowered Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. BMO Capital Markets lowered their price objective on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Finally, Oppenheimer set a $78.00 price objective on shares of Black Hills in a research note on Thursday, June 11th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $81.67.

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.