BW Gestao de Investimentos Ltda. Invests $5.99 Million in Black Hills Corporation $BKH

BW Gestao de Investimentos Ltda. bought a new position in shares of Black Hills Corporation (NYSE:BKH) during the 4th quarter, Holdings Channel reports. The firm bought 86,219 shares of the utilities provider’s stock, valued at approximately $5,985,000.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Black Hills by 2.6% during 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 last quarter. State Street Corp increased its holdings in shares of Black Hills by 0.8% in the second quarter. State Street Corp now owns 3,841,615 shares of the utilities provider’s stock valued at $215,515,000 after purchasing an additional 31,093 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Black Hills by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 1,894,539 shares of the utilities provider’s stock valued at $131,548,000 after purchasing an additional 55,232 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Black Hills by 52.8% in the third quarter. AQR Capital Management LLC now owns 1,374,050 shares of the utilities provider’s stock valued at $84,628,000 after purchasing an additional 474,947 shares in the last quarter. Finally, Zimmer Partners LP boosted its position in Black Hills by 2,100.0% in the 3rd quarter. Zimmer Partners LP now owns 1,100,020 shares of the utilities provider’s stock valued at $67,750,000 after buying an additional 1,050,020 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

Insider Transactions at Black Hills

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total value of $304,969.98. Following the completion of the transaction, the director directly owned 10,886 shares of the company’s stock, valued at approximately $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

Black Hills Trading Up 2.3%

NYSE BKH opened at $72.01 on Wednesday. The stock has a 50-day simple moving average of $73.03 and a 200 day simple moving average of $72.18. The company has a market capitalization of $5.48 billion, a PE ratio of 18.75, a P/E/G ratio of 2.79 and a beta of 0.72. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. Black Hills Corporation has a 12 month low of $55.49 and a 12 month high of $78.69.

Black Hills (NYSE:BKH) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). Black Hills had a net margin of 12.61% and a return on equity of 7.77%. The business had revenue of $780.70 million during the quarter, compared to analyst estimates of $769.19 million. During the same period in the previous year, the firm posted $1.87 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts forecast that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $0.703 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, May 15th. Black Hills’s payout ratio is presently 73.18%.

Analyst Ratings Changes

A number of research firms have recently weighed in on BKH. Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, May 21st. LADENBURG THALM/SH SH initiated coverage on Black Hills in a research report on Wednesday, April 1st. They set a “buy” rating and a $77.00 target price for the company. Wall Street Zen downgraded Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. BMO Capital Markets boosted their target price on Black Hills from $84.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Finally, Bank of America boosted their target price on Black Hills from $72.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Black Hills currently has an average rating of “Moderate Buy” and a consensus 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.