Paradiem LLC Has $15.61 Million Holdings in Black Hills Corporation $BKH

Paradiem LLC lowered its stake in shares of Black Hills Corporation (NYSE:BKH) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 224,868 shares of the utilities provider’s stock after selling 9,819 shares during the period. Black Hills makes up 3.4% of Paradiem LLC’s investment portfolio, making the stock its 6th biggest holding. Paradiem LLC owned about 0.30% of Black Hills worth $15,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKH. Zimmer Partners LP boosted its holdings in Black Hills by 2,100.0% in the third quarter. Zimmer Partners LP now owns 1,100,020 shares of the utilities provider’s stock worth $67,750,000 after acquiring an additional 1,050,020 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Black Hills by 176.9% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,592,000 shares of the utilities provider’s stock valued at $110,517,000 after acquiring an additional 1,017,000 shares in the last quarter. Engineers Gate Manager LP increased its holdings in shares of Black Hills by 17,790.3% during the fourth quarter. Engineers Gate Manager LP now owns 849,073 shares of the utilities provider’s stock valued at $58,943,000 after acquiring an additional 844,327 shares in the last quarter. Balyasny Asset Management L.P. raised its position in shares of Black Hills by 10,853.0% during the third quarter. Balyasny Asset Management L.P. now owns 664,080 shares of the utilities provider’s stock worth $40,901,000 after purchasing an additional 658,017 shares during the period. Finally, Capital Research Global Investors raised its position in shares of Black Hills by 38.7% during the fourth quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider’s stock worth $157,995,000 after purchasing an additional 634,800 shares during the period. Institutional investors own 86.71% of the company’s stock.

Black Hills Stock Down 0.1%

Shares of NYSE:BKH opened at $75.14 on Monday. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 2.98 and a beta of 0.71. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. Black Hills Corporation has a 12-month low of $55.79 and a 12-month high of $78.69. The business’s 50 day moving average is $73.42 and its 200 day moving average is $72.64.

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 the consensus estimate of $1.88 by ($0.09). Black Hills had a return on equity of 7.77% and a net margin of 12.61%.The company had revenue of $780.70 million for the quarter, compared to the consensus estimate of $769.19 million. During the same quarter last year, the company posted $1.87 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts forecast that Black Hills Corporation will post 4.34 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a $0.703 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.81 annualized dividend and a dividend yield of 3.7%. Black Hills’s dividend payout ratio is currently 73.18%.

Analyst Ratings Changes

Several research firms recently issued reports on BKH. BMO Capital Markets lifted 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. 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 price objective on the stock. Bank of America raised their price objective on shares of Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings cut shares of Black Hills from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Wall Street Zen downgraded shares of Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $82.67.

Insider Activity at Black Hills

In related news, Director Robert P. Otto sold 4,109 shares of the firm’s stock in a transaction dated 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 $807,958.92. This trade represents a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is currently owned by corporate insiders.

About Black Hills

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.