Jupiter Topco LLC Takes $23.52 Million Position in Black Hills Corporation $BKH

Jupiter Topco LLC bought a new position in shares of Black Hills Corporation (NYSE:BKH) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 316,064 shares of the utilities provider’s stock, valued at approximately $23,515,000.

A number of other large investors have also bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in shares of Black Hills by 4.3% during the first quarter. Public Employees Retirement System of Ohio now owns 3,342 shares of the utilities provider’s stock valued at $232,000 after purchasing an additional 137 shares during the period. Meeder Advisory Services Inc. boosted its position in shares of Black Hills by 1.6% during the 4th quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider’s stock worth $638,000 after purchasing an additional 145 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Black Hills by 0.6% in the 3rd quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock valued at $1,614,000 after buying an additional 154 shares during the period. Farther Finance Advisors LLC raised its stake in Black Hills by 11.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,516 shares of the utilities provider’s stock worth $105,000 after buying an additional 156 shares during the period. Finally, Concurrent Investment Advisors LLC raised its stake in Black Hills by 4.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,827 shares of the utilities provider’s stock worth $266,000 after buying an additional 168 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Bank of America raised their price objective on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, July 10th. BMO Capital Markets lowered their target price on Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Wall Street Zen raised shares of Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Oppenheimer set a $78.00 price target on shares of Black Hills in a research note on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Black Hills presently has an average rating of “Buy” and a consensus price target of $81.67.

Black Hills Price Performance

BKH stock opened at $72.75 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.41 and a current ratio of 0.52. The business has a 50-day simple moving average of $73.70 and a two-hundred day simple moving average of $73.14. The company has a market capitalization of $5.55 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. Black Hills Corporation has a 52-week low of $58.06 and a 52-week high of $78.69.

Black Hills (NYSE:BKH) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.41 by $0.13. Black Hills had a return on equity of 7.98% and a net margin of 13.01%.The firm had revenue of $452.80 million during the quarter, compared to the consensus estimate of $490.89 million. During the same period in the prior year, the business posted $0.38 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts expect that Black Hills Corporation will post 4.34 EPS for the current fiscal year.

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.703 per share. The ex-dividend date is Monday, August 17th. This represents a $2.81 annualized dividend and a yield of 3.9%. Black Hills’s dividend payout ratio (DPR) is 70.96%.

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.