Black Hills (NYSE:BKH) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Black Hills Corporation (NYSE:BKH) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $72.44 and traded as high as $75.59. Black Hills shares last traded at $75.1210, with a volume of 932,130 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Oppenheimer set a $78.00 price objective on shares of Black Hills in a research report on Thursday, June 11th. LADENBURG THALM/SH SH assumed coverage on Black Hills in a report on Wednesday, April 1st. They set a “buy” rating and a $77.00 price objective on the stock. Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. Finally, Bank of America raised Black Hills from a “neutral” rating to a “buy” rating and lifted their target price for the company from $76.00 to $78.00 in a research note on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $81.17.

Black Hills Price Performance

The company’s fifty day moving average is $73.57 and its two-hundred day moving average is $72.46. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.98 and a beta of 0.72. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.99.

Black Hills (NYSE:BKH) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). The business had revenue of $780.70 million during the quarter, compared to the consensus estimate of $769.19 million. Black Hills had a net margin of 12.61% and a return on equity of 7.77%. Black Hills’s revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts anticipate that Black Hills Corporation will post 4.34 earnings per share for the current fiscal year.

Black Hills Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a dividend of $0.703 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.8%. Black Hills’s payout ratio is 73.18%.

Insider Buying and Selling

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total value of $304,969.98. Following the transaction, the director owned 10,886 shares of the company’s stock, valued at approximately $807,958.92. This represents a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Black Hills

Several institutional investors have recently modified their holdings of BKH. Western Wealth Management LLC bought a new position in Black Hills during the 1st quarter worth approximately $817,000. Pacer Advisors Inc. increased its stake in Black Hills by 27.1% in the first quarter. Pacer Advisors Inc. now owns 11,269 shares of the utilities provider’s stock valued at $782,000 after purchasing an additional 2,404 shares in the last quarter. Cozad Asset Management Inc. increased its stake in Black Hills by 2.8% in the first quarter. Cozad Asset Management Inc. now owns 48,569 shares of the utilities provider’s stock valued at $3,371,000 after purchasing an additional 1,344 shares in the last quarter. Bank of America Corp DE raised its holdings in Black Hills by 109.2% in the first quarter. Bank of America Corp DE now owns 899,963 shares of the utilities provider’s stock worth $62,466,000 after purchasing an additional 469,733 shares during the period. Finally, Edgestream Partners L.P. raised its holdings in Black Hills by 491.6% in the first quarter. Edgestream Partners L.P. now owns 81,492 shares of the utilities provider’s stock worth $5,656,000 after purchasing an additional 67,717 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

About Black Hills

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.