Black Hills Corporation $BKH Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its holdings in shares of Black Hills Corporation (NYSE:BKH) by 18.0% in the second quarter, Holdings Channel reports. The firm owned 394,572 shares of the utilities provider’s stock after buying an additional 60,052 shares during the period. HighTower Advisors LLC’s holdings in Black Hills were worth $29,356,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Clearstead Trust LLC acquired a new position in shares of Black Hills in the 2nd quarter worth approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Black Hills during the 2nd quarter worth about $34,000. Advisory Services Network LLC acquired a new position in Black Hills in the 3rd quarter valued at about $45,000. Global Retirement Partners LLC purchased a new stake in Black Hills during the 2nd quarter worth approximately $56,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Black Hills by 47.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 850 shares of the utilities provider’s stock worth $59,000 after buying an additional 274 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BKH. Weiss Ratings raised shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Oppenheimer set a $78.00 price objective on Black Hills in a research note on Thursday, June 11th. Bank of America lifted 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 note on Saturday, August 8th. Finally, BMO Capital Markets cut their price target on Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $81.67.

Black Hills Price Performance

BKH stock opened at $74.18 on Wednesday. The business has a 50 day moving average price of $73.49 and a 200 day moving average price of $73.13. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.99. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 2.90 and a beta of 0.71. 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 issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share for the quarter, topping 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 business had revenue of $452.80 million during the quarter, compared to the consensus estimate of $490.89 million. During the same quarter in the previous year, the firm earned $0.38 EPS. The company’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. Equities research analysts anticipate that Black Hills Corporation will post 4.34 earnings per share for the current fiscal year.

Black Hills Announces Dividend

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

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.