Black Hills Corporation $BKH Stock: Pictet Asset Management Holding SA Grows Position

Pictet Asset Management Holding SA boosted its holdings in Black Hills Corporation (NYSE:BKH) by 90.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,593,242 shares of the utilities provider’s stock after purchasing an additional 757,990 shares during the quarter. Pictet Asset Management Holding SA owned about 2.09% of Black Hills worth $111,654,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its position in Black Hills by 4.3% during the 1st 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 last quarter. Miller Howard Investments Inc. NY raised its holdings in shares of Black Hills by 0.8% in the third quarter. Miller Howard Investments Inc. NY now owns 17,259 shares of the utilities provider’s stock valued at $1,210,000 after buying an additional 140 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Black Hills by 17.5% during the second quarter. GAMMA Investing LLC now owns 1,134 shares of the utilities provider’s stock worth $84,000 after buying an additional 169 shares during the period. Baird Financial Group Inc. boosted its stake in shares of Black Hills by 4.2% during the second quarter. Baird Financial Group Inc. now owns 5,979 shares of the utilities provider’s stock worth $445,000 after buying an additional 241 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Black Hills by 1.2% during the second quarter. Arizona State Retirement System now owns 20,986 shares of the utilities provider’s stock worth $1,561,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

Black Hills Stock Up 0.2%

Shares of Black Hills stock opened at $85.02 on Monday. Black Hills Corporation has a one year low of $67.25 and a one year high of $86.54. The company has a market cap of $6.48 billion, a P/E ratio of 20.44, a PEG ratio of 3.36 and a beta of 0.64. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.34 and a current ratio of 0.47. The firm has a fifty day moving average of $75.09 and a two-hundred day moving average of $73.62.

Black Hills (NYSE:BKH) last issued its earnings results on Wednesday, November 4th. The utilities provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.10. Black Hills had a net margin of 13.49% and a return on equity of 8.17%. The business had revenue of $466.10 million for the quarter, compared to the consensus estimate of $483.04 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, analysts forecast that Black Hills Corporation will post 4.34 earnings per share for the current year.

Black Hills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be issued a $0.7030 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, November 17th. Black Hills’s payout ratio is currently 67.55%.

Key Stories Impacting Black Hills

Here are the key news stories impacting Black Hills this week:

• Positive Sentiment: Black Hills reported Q3 diluted EPS of $0.57, above the $0.47 analyst consensus, and revenue rose 8.3% year over year. The company also reaffirmed its 2026 adjusted earnings guidance, reducing uncertainty about its near-term outlook. Black Hills Q3 results and guidance
• Neutral Sentiment: Revenue of $466.1 million came in below analysts’ $483.0 million estimate, tempering the earnings beat. Q3 earnings results
• Negative Sentiment: Freedom Broker downgraded BKH from “buy” to “hold” and set a $78 price target, below the cited $85.02 share price. The downgrade could weigh on sentiment despite the quarterly EPS beat. Freedom Broker rating

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America raised their price target on Black Hills from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, September 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Black Hills in a research note on Thursday, October 22nd. Wall Street Zen raised Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Freedom Broker downgraded Black Hills from a “buy” rating to a “hold” rating and set a $78.00 target price on the stock. in a research note on Thursday. Finally, BMO Capital Markets boosted their target price on Black Hills from $83.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $85.00.

Black Hills Company Profile

Black Hills Corporation is an energy company headquartered in Rapid City, South Dakota. Through its utility operations, it provides electric and natural gas service to communities across Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.

The company’s businesses include generating, transmitting and distributing electricity, as well as distributing natural gas. Its energy operations use a mix of resources, including natural gas, coal and renewable sources, to support electric service.

Black Hills traces its history to the early 1940s, when it operated as Black Hills Power & Light Company.