Black Hills (NYSE:BKH) Stock Rating Raised to Strong-Buy at Jefferies Financial Group

Black Hills (NYSE:BKH) was upgraded by stock analysts at Jefferies Financial Group to a “strong-buy” rating in a research note issued on Wednesday, Zacks reports.

BKH has been the topic of a number of other research reports. Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. BMO Capital Markets raised their target price on shares of Black Hills from $83.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Freedom Broker raised shares of Black Hills from a “hold” rating to a “buy” rating and upped their price target for the stock from $69.00 to $78.00 in a research report on Wednesday, October 7th. Finally, Bank of America upped their price target on shares of Black Hills from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $83.25.

Black Hills Trading Down 0.8%

NYSE:BKH opened at $75.85 on Wednesday. The company has a market cap of $5.78 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 3.03 and a beta of 0.68. Black Hills has a twelve month low of $61.85 and a twelve month high of $78.69. The business has a 50 day moving average price of $72.69 and a two-hundred day moving average price of $73.22. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.99.

Black Hills (NYSE:BKH) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating 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 company had revenue of $452.80 million for the quarter, compared to the consensus estimate of $490.89 million. During the same period last year, the company earned $0.38 earnings per share. The firm’s 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. As a group, analysts expect that Black Hills will post 4.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Black Hills

A number of institutional investors have recently modified their holdings of BKH. Clearstead Trust LLC acquired a new position in shares of Black Hills in the second quarter valued at about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Black Hills in the 2nd quarter worth about $34,000. GK Wealth Management LLC acquired a new stake in Black Hills in the 3rd quarter worth about $44,000. Global Retirement Partners LLC bought a new stake in Black Hills in the 2nd quarter valued at about $56,000. Finally, Meeder Asset Management Inc. bought a new stake in Black Hills in the 1st quarter valued at about $67,000. Institutional investors own 86.71% of the company’s stock.

Black Hills Company Profile

Black Hills Corporation (NYSE:BKH) is a regulated utility holding company headquartered in Rapid City, South Dakota. Through its operating subsidiaries, the company provides electric and natural gas utility services to residential, commercial, industrial and other customers.

Black Hills owns and operates electric generation, transmission and distribution facilities, as well as natural gas distribution, storage and transportation infrastructure. Its electric utilities serve customers in Colorado, Montana, South Dakota and Wyoming, while its natural gas utilities operate in Arkansas, Colorado, Iowa, Kansas, Nebraska and Wyoming.

The company traces its history to the development of utility services in the Black Hills region and was incorporated as Black Hills Corporation in 1941.