Black Hills Corporation (NYSE:BKH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Black Hills Corporation (NYSE:BKH) have received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $81.40.

BKH has been the topic of a number of research reports. Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Bank of America increased their price objective on Black Hills from $72.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Wall Street Zen downgraded Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. BMO Capital Markets boosted their target price on Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Finally, Siebert Williams Shank upgraded Black Hills from a “hold” rating to a “buy” rating and upped their price target for the stock from $79.00 to $82.00 in a research note on Thursday, March 12th.

Institutional Trading of Black Hills

Several hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC boosted its holdings in Black Hills by 10.8% in the 3rd quarter. ProShare Advisors LLC now owns 736,014 shares of the utilities provider’s stock valued at $45,331,000 after purchasing an additional 71,963 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Black Hills by 67.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 618,131 shares of the utilities provider’s stock worth $38,071,000 after buying an additional 249,640 shares in the last quarter. Greenland Capital Management LP raised its stake in shares of Black Hills by 140.6% during the 3rd quarter. Greenland Capital Management LP now owns 29,573 shares of the utilities provider’s stock worth $1,821,000 after buying an additional 17,280 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Black Hills by 84.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,944 shares of the utilities provider’s stock valued at $976,000 after buying an additional 7,314 shares during the period. Finally, AlphaQuest LLC acquired a new stake in shares of Black Hills in the 3rd quarter valued at approximately $1,354,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Black Hills Stock Up 0.0%

Shares of NYSE:BKH opened at $74.31 on Tuesday. Black Hills has a 1-year low of $55.49 and a 1-year high of $78.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.53. The stock has a market cap of $5.66 billion, a P/E ratio of 19.35, a P/E/G ratio of 2.94 and a beta of 0.74. The firm has a fifty day moving average price of $72.87 and a 200 day moving average price of $72.04.

Black Hills (NYSE:BKH) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). Black Hills had a net margin of 12.61% and a return on equity of 7.77%. The business had revenue of $780.70 million during the quarter, compared to analyst estimates of $769.19 million. During the same quarter in the prior year, the firm posted $1.87 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts predict that Black Hills will post 4.34 EPS for the current year.

Black Hills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a $0.703 dividend. This represents a $2.81 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, May 15th. Black Hills’s payout ratio is currently 73.18%.

Black Hills Company 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.