Greenland Capital Management LP Sells 10,210 Shares of Black Hills Corporation $BKH

Greenland Capital Management LP decreased its holdings in shares of Black Hills Corporation (NYSE:BKH) by 68.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,790 shares of the utilities provider’s stock after selling 10,210 shares during the period. Greenland Capital Management LP’s holdings in Black Hills were worth $356,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BKH. Public Employees Retirement System of Ohio lifted its position in 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 worth $232,000 after purchasing an additional 137 shares during the period. Meeder Advisory Services Inc. raised its position in shares of Black Hills by 1.6% in the 4th quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider’s stock valued at $638,000 after buying an additional 145 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Black Hills by 0.6% during the 3rd quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock worth $1,614,000 after acquiring an additional 154 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Black Hills by 17.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,134 shares of the utilities provider’s stock worth $84,000 after acquiring an additional 169 shares during the period. Finally, Capital Financial Group Inc. Co. ADV lifted its holdings in shares of Black Hills by 0.8% during the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 22,121 shares of the utilities provider’s stock worth $1,535,000 after acquiring an additional 171 shares during the period. Institutional investors own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

BKH has been the topic of a number of recent analyst reports. Bank of America lifted 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, July 10th. BMO Capital Markets cut their target price on Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Oppenheimer set a $78.00 price target on Black Hills in a research note on Thursday, June 11th. Finally, Wall Street Zen upgraded Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $81.67.

Black Hills Stock Down 0.1%

Shares of NYSE BKH opened at $73.14 on Tuesday. The company has a 50 day simple moving average of $73.49 and a 200 day simple moving average of $73.12. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.52 and a quick ratio of 0.41. Black Hills Corporation has a 1 year low of $58.06 and a 1 year high of $78.69. The firm has a market cap of $5.58 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71.

Black Hills (NYSE:BKH) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The firm had revenue of $452.80 million for the quarter, compared to analyst estimates of $490.89 million. During the same period in the previous year, the firm posted $0.38 EPS. The company’s revenue for the quarter 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. On average, research analysts forecast that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.703 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.81 annualized dividend and a dividend yield of 3.8%. Black Hills’s payout ratio is currently 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.