UBS Group AG Buys 265,464 Shares of Black Hills Corporation $BKH

UBS Group AG boosted its stake in Black Hills Corporation (NYSE:BKH) by 86.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 572,227 shares of the utilities provider’s stock after purchasing an additional 265,464 shares during the quarter. UBS Group AG’s holdings in Black Hills were worth $39,724,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in Black Hills by 132.3% in the third quarter. Smartleaf Asset Management LLC now owns 576 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 328 shares in the last quarter. Advisory Services Network LLC bought a new stake in Black Hills in the third quarter valued at $45,000. Clearstead Advisors LLC boosted its holdings in Black Hills by 884.8% in the third quarter. Clearstead Advisors LLC now owns 778 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 699 shares in the last quarter. First Horizon Corp boosted its holdings 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 valued at $54,000 after buying an additional 509 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Black Hills by 44.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock valued at $58,000 after buying an additional 317 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

Black Hills Stock Performance

Shares of Black Hills stock opened at $75.20 on Friday. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.95 and a beta of 0.74. The firm’s 50-day moving average is $72.64 and its 200 day moving average is $71.26. Black Hills Corporation has a 1 year low of $55.49 and a 1 year high of $78.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.35 and a quick ratio of 1.11.

Black Hills (NYSE:BKH) last announced its quarterly 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). The firm had revenue of $780.70 million during the quarter, compared to the consensus estimate of $769.19 million. Black Hills had a return on equity of 7.88% and a net margin of 12.61%.The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.87 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts anticipate that Black Hills Corporation will post 4.31 EPS for the current fiscal year.

Black Hills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.703 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.81 dividend on an annualized basis and a yield of 3.7%. Black Hills’s payout ratio is presently 70.60%.

Analyst Ratings Changes

A number of brokerages have recently commented on BKH. Siebert Williams Shank upgraded shares of Black Hills from a “hold” rating to a “buy” rating and boosted their target price for the company from $79.00 to $82.00 in a report on Thursday, March 12th. Bank of America boosted their target price on shares of Black Hills from $72.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. LADENBURG THALM/SH SH began coverage on shares of Black Hills in a report on Wednesday, April 1st. They set a “buy” rating and a $77.00 target price on the stock. Wall Street Zen cut shares of Black Hills from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Finally, BMO Capital Markets boosted their target price on shares of Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Black Hills presently has a consensus rating of “Moderate Buy” and an average price target of $81.40.

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.