Black Hills Corporation $BKH Shares Acquired by SummitTX Capital L.P.

SummitTX Capital L.P. increased its holdings in Black Hills Corporation (NYSE:BKH) by 29.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,158 shares of the utilities provider’s stock after purchasing an additional 13,385 shares during the period. SummitTX Capital L.P.’s holdings in Black Hills were worth $4,106,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Black Hills by 7.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider’s stock worth $2,596,000 after buying an additional 2,906 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Black Hills by 83.2% in the 1st quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider’s stock valued at $203,000 after buying an additional 1,519 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Black Hills by 37.8% during the 1st quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock valued at $184,000 after acquiring an additional 834 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Black Hills during the 1st quarter valued at about $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Black Hills by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,673 shares of the utilities provider’s stock worth $8,168,000 after acquiring an additional 7,332 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BKH shares. Oppenheimer set a $78.00 target price on shares of Black Hills in a research report on Thursday, June 11th. BMO Capital Markets dropped their price target on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen lowered shares of Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. LADENBURG THALM/SH SH initiated coverage on shares of Black Hills in a research note on Wednesday, April 1st. They set a “buy” rating and a $77.00 price target on the stock. Finally, Bank of America lifted their price target on shares of Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Black Hills presently has an average rating of “Buy” and a consensus price target of $81.67.

Insider Activity

In other news, Director Robert P. Otto sold 4,109 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total transaction of $304,969.98. Following 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 document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is owned by corporate insiders.

Black Hills Trading Down 0.8%

Shares of BKH opened at $74.69 on Tuesday. The stock has a market cap of $5.69 billion, a PE ratio of 19.45, a P/E/G ratio of 2.98 and a beta of 0.71. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.53. Black Hills Corporation has a 12 month low of $55.79 and a 12 month high of $78.69. The stock’s 50-day moving average is $73.59 and its two-hundred day moving average is $73.07.

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

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.