Black Hills Corporation $BKH Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP increased its stake in Black Hills Corporation (NYSE:BKH) by 35.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,442,064 shares of the utilities provider’s stock after purchasing an additional 379,211 shares during the quarter. Black Hills makes up 1.4% of Engineers Gate Manager LP’s investment portfolio, making the stock its 2nd largest holding. Engineers Gate Manager LP owned about 1.89% of Black Hills worth $107,290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Black Hills in the second quarter worth about $928,675,000. California State Teachers Retirement System raised its holdings in shares of Black Hills by 7,169.5% during the second quarter. California State Teachers Retirement System now owns 6,504,048 shares of the utilities provider’s stock valued at $483,901,000 after acquiring an additional 6,414,578 shares during the period. Zimmer Partners LP raised its holdings in shares of Black Hills by 2,100.0% during the third quarter. Zimmer Partners LP now owns 1,100,020 shares of the utilities provider’s stock valued at $67,750,000 after acquiring an additional 1,050,020 shares during the period. Adage Capital Partners GP L.L.C. raised its holdings in shares of Black Hills by 176.9% during 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 period. Finally, Corient Private Wealth LP purchased a new stake in shares of Black Hills in the 2nd quarter valued at approximately $3,691,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Black Hills Price Performance

NYSE BKH opened at $74.18 on Wednesday. The company has a 50 day simple moving average of $73.49 and a 200-day simple moving average of $73.13. 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 firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. Black Hills Corporation has a 52-week low of $58.06 and a 52-week high of $78.69.

Black Hills (NYSE:BKH) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. The firm had revenue of $452.80 million for the quarter, compared to the consensus estimate of $490.89 million. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts predict that Black Hills Corporation will post 4.34 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.703 per share. This represents a $2.81 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, August 17th. Black Hills’s payout ratio is currently 70.96%.

Analysts Set New Price Targets

A number of research firms recently commented on BKH. Weiss Ratings raised shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research note 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 on the stock in a research note on Wednesday, July 22nd. Bank of America increased their target price on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a report on Friday, July 10th. Wall Street Zen raised Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Oppenheimer set a $78.00 price target on Black Hills in a report on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target 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.