Western Wealth Management LLC Makes New $817,000 Investment in Black Hills Corporation $BKH

Western Wealth Management LLC purchased a new position in Black Hills Corporation (NYSE:BKH) in the 1st quarter, Holdings Channel reports. The firm purchased 11,764 shares of the utilities provider’s stock, valued at approximately $817,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKH. 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 valued at $232,000 after buying an additional 137 shares during the last quarter. Meeder Advisory Services Inc. raised its position in Black Hills by 1.6% in the 4th quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider’s stock worth $638,000 after buying an additional 145 shares during the last quarter. Van ECK Associates Corp raised its position in Black Hills by 0.6% in the 3rd quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock worth $1,614,000 after buying an additional 154 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Black Hills by 11.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,516 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 156 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its stake in Black Hills by 4.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,827 shares of the utilities provider’s stock valued at $266,000 after acquiring an additional 168 shares during the period. 86.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of the company’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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Black Hills Stock Up 1.2%

BKH stock opened at $74.03 on Friday. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 2.89 and a beta of 0.71. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.41 and a current ratio of 0.52. The business’s 50-day moving average is $73.52 and its two-hundred day moving average is $73.14. Black Hills Corporation has a fifty-two week low of $58.06 and a fifty-two week high of $78.69.

Black Hills (NYSE:BKH) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Black Hills had a return on equity of 7.98% and a net margin of 13.01%.The business had revenue of $452.80 million during the quarter, compared to the consensus estimate of $490.89 million. During the same period in the previous year, the company posted $0.38 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts forecast that Black Hills Corporation will post 4.34 earnings per share for the current 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 given a dividend of $0.703 per share. This represents a $2.81 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, August 17th. Black Hills’s payout ratio is 70.96%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Oppenheimer set a $78.00 price objective on shares of Black Hills in a research report on Thursday, June 11th. Weiss Ratings upgraded shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. BMO Capital Markets cut their target price on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Finally, Bank of America lifted their target price on shares of Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average 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.