Universal Beteiligungs und Servicegesellschaft mbH Sells 13,047 Shares of Black Hills Corporation $BKH

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Black Hills Corporation (NYSE:BKH) by 17.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,477 shares of the utilities provider’s stock after selling 13,047 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Black Hills worth $4,198,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of Black Hills by 132.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 576 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 328 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Black Hills by 37.8% during the 3rd quarter. Blue Trust Inc. now owns 641 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 176 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Black Hills during the 3rd quarter worth about $45,000. First Horizon Corp boosted its position in shares of Black Hills by 192.8% during the 4th quarter. First Horizon Corp now owns 773 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 509 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its position in shares of Black Hills by 884.8% during the 3rd quarter. Clearstead Advisors LLC now owns 778 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 699 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

Black Hills Trading Down 1.3%

NYSE:BKH opened at $74.27 on Thursday. The firm has a 50-day moving average price of $72.55 and a two-hundred day moving average price of $70.83. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.35. Black Hills Corporation has a 52 week low of $55.49 and a 52 week high of $78.69. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73.

Black Hills (NYSE:BKH) last issued its quarterly earnings results on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Black Hills had a net margin of 12.62% and a return on equity of 7.91%. The company had revenue of $635.50 million during the quarter, compared to analyst estimates of $809.88 million. During the same quarter last year, the business posted $1.37 EPS. Black Hills’s quarterly revenue was up 6.4% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts expect that Black Hills Corporation will post 4.31 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.703 per share. The ex-dividend date is Friday, May 15th. This represents a $2.81 annualized dividend and a dividend yield of 3.8%. Black Hills’s dividend payout ratio (DPR) is presently 70.60%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Siebert Williams Shank raised shares of Black Hills from a “hold” rating to a “buy” rating and raised their price target for the company from $79.00 to $82.00 in a research report on Thursday, March 12th. LADENBURG THALM/SH SH assumed coverage on shares of Black Hills in a research report on Wednesday, April 1st. They issued a “buy” rating and a $77.00 price target on the stock. Wall Street Zen cut shares of Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. BMO Capital Markets raised their price target on shares of Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Finally, Bank of America raised their price target on shares of Black Hills from $72.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Black Hills currently has a consensus rating of “Moderate Buy” and an average target price of $81.40.

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.