Dockside LLC Invests $1.57 Million in Black Hills Corporation $BKH

Dockside LLC acquired a new stake in shares of Black Hills Corporation (NYSE:BKH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,064 shares of the utilities provider’s stock, valued at approximately $1,567,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BKH. Vista Investment Partners LLC purchased a new stake in Black Hills during the 2nd quarter valued at about $409,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Black Hills by 64.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 15,018 shares of the utilities provider’s stock worth $1,117,000 after purchasing an additional 5,864 shares during the last quarter. Bill Few Associates Inc. lifted its holdings in shares of Black Hills by 11.2% during the second quarter. Bill Few Associates Inc. now owns 4,258 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 429 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Black Hills by 17.5% during the second quarter. GAMMA Investing LLC now owns 1,134 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 169 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in Black Hills in the first quarter valued at approximately $817,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America increased their price target on shares of Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Weiss Ratings raised 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 price objective on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Wall Street Zen raised shares of Black Hills from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Oppenheimer set a $78.00 target price on shares of Black Hills in a research report on Thursday, June 11th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $81.67.

Black Hills Price Performance

Shares of NYSE BKH opened at $74.34 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.52 and a quick ratio of 0.41. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.93 and a beta of 0.71. The firm’s 50 day simple moving average is $73.55 and its 200-day simple moving average is $73.15. Black Hills Corporation has a 12 month low of $58.06 and a 12 month high of $78.69.

Black Hills (NYSE:BKH) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.13. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The firm had revenue of $452.80 million during the quarter, compared to analysts’ expectations of $490.89 million. During the same period in the previous year, the business posted $0.38 EPS. The business’s 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. Analysts expect that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a $0.703 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.8%. Black Hills’s dividend payout ratio is 70.96%.

Insider Activity

In other news, Director Robert P. Otto sold 4,109 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total transaction of $304,969.98. Following the sale, the director directly owned 10,886 shares of the company’s stock, valued at $807,958.92. This represents a 27.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by insiders.

Black Hills 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.