Greenland Capital Management LP Has $1.82 Million Holdings in Black Hills Corporation $BKH

Greenland Capital Management LP increased its position in shares of Black Hills Corporation (NYSE:BKH) by 140.6% during the third quarter, HoldingsChannel.com reports. The firm owned 29,573 shares of the utilities provider’s stock after buying an additional 17,280 shares during the period. Greenland Capital Management LP’s holdings in Black Hills were worth $1,821,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Black Hills by 2.6% in the third quarter. Vanguard Group Inc. now owns 8,990,841 shares of the utilities provider’s stock worth $553,746,000 after purchasing an additional 225,636 shares during the period. State Street Corp raised its stake in shares of Black Hills by 0.8% in the 2nd quarter. State Street Corp now owns 3,841,615 shares of the utilities provider’s stock valued at $215,515,000 after buying an additional 31,093 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Black Hills by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,822,356 shares of the utilities provider’s stock worth $102,252,000 after acquiring an additional 36,818 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Black Hills by 59.3% during the 2nd quarter. Franklin Resources Inc. now owns 1,045,165 shares of the utilities provider’s stock worth $58,634,000 after acquiring an additional 388,936 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Black Hills by 1.2% during the 2nd quarter. AQR Capital Management LLC now owns 899,103 shares of the utilities provider’s stock valued at $50,440,000 after acquiring an additional 10,691 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKH has been the subject of several recent research reports. Scotiabank raised shares of Black Hills from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $66.00 to $81.00 in a research report on Friday, November 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Black Hills in a research note on Monday, December 29th. Wall Street Zen downgraded Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, BMO Capital Markets boosted their price target on Black Hills from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.33.

Black Hills Stock Up 0.1%

NYSE BKH opened at $73.45 on Tuesday. The stock’s 50 day simple moving average is $71.65 and its 200 day simple moving average is $66.79. Black Hills Corporation has a one year low of $54.92 and a one year high of $75.87. The firm has a market cap of $5.54 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.86 and a beta of 0.75. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.35 and a quick ratio of 1.11.

Black Hills (NYSE:BKH) last issued its quarterly earnings data on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Black Hills had a return on equity of 7.95% and a net margin of 12.62%.The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts forecast that Black Hills Corporation will post 4.12 earnings per share for the current fiscal year.

Black Hills Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.703 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.81 dividend on an annualized basis and a yield of 3.8%. This is an increase from Black Hills’s previous quarterly dividend of $0.68. Black Hills’s payout ratio is currently 70.60%.

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.