Black Hills Corporation (NYSE:BKH) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Black Hills Corporation (NYSE:BKH) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $81.29.

Several analysts have recently weighed in on BKH shares. Freedom Broker initiated coverage on Black Hills in a report on Wednesday, September 30th. They issued a “hold” rating and a $69.00 target price for 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 research note on Monday, September 21st. BMO Capital Markets cut their price target 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. Oppenheimer set a $78.00 price objective on Black Hills in a research note on Thursday, June 11th. Finally, Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th.

Black Hills Trading Up 0.1%

NYSE BKH opened at $71.06 on Monday. The firm’s fifty day moving average price is $72.25 and its 200 day moving average price is $72.86. Black Hills has a 12 month low of $59.77 and a 12 month high of $78.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.52 and a quick ratio of 0.41. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 2.81 and a beta of 0.68.

Black Hills (NYSE:BKH) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share 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 firm had revenue of $452.80 million during the quarter, compared to analysts’ expectations of $490.89 million. During the same period in the previous year, the company earned $0.38 earnings per share. Black Hills’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. On average, sell-side analysts expect that Black Hills will post 4.34 earnings per share for the current fiscal year.

Black Hills Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a $0.7030 dividend. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, August 17th. Black Hills’s payout ratio is presently 70.96%.

Institutional Trading of Black Hills

Large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Black Hills during the 2nd quarter worth $928,675,000. Engineers Gate Manager LP boosted its stake in shares of Black Hills by 17,790.3% during the fourth quarter. Engineers Gate Manager LP now owns 849,073 shares of the utilities provider’s stock worth $58,943,000 after buying an additional 844,327 shares during the period. Corient Private Wealth LP acquired a new stake in shares of Black Hills during the second quarter worth about $3,691,000. Bank of New York Mellon Corp purchased a new position in shares of Black Hills during the second quarter worth about $56,841,000. Finally, Capital Research Global Investors grew its holdings in shares of Black Hills by 38.7% during the fourth quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider’s stock worth $157,995,000 after buying an additional 634,800 shares during the last quarter. Institutional investors and hedge funds 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.