Black Hills (NYSE:BKH) Stock Rating Cut to Hold at Freedom Broker

Freedom Broker lowered shares of Black Hills (NYSE:BKH) from a buy rating to a hold rating in a research report sent to investors on Thursday morning,Benzinga reports. Freedom Broker currently has $78.00 price target on the utilities provider’s stock.

A number of other analysts have also recently issued reports on BKH. Weiss Ratings restated a “buy (b)” rating on shares of Black Hills in a research report on Thursday, October 22nd. Wall Street Zen upgraded Black Hills from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. BMO Capital Markets raised their target price on Black Hills from $83.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, October 8th. Bank of America lifted their price target on shares of Black Hills from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, September 21st. Finally, Jefferies Financial Group started coverage on shares of Black Hills in a research note on Wednesday, October 14th. They set a “buy” rating and a $87.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Black Hills presently has an average rating of “Buy” and a consensus target price of $83.25.

Black Hills Trading Up 0.7%

Black Hills stock opened at $84.77 on Thursday. 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 $6.46 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 3.34 and a beta of 0.64. Black Hills has a one year low of $64.74 and a one year high of $86.54. The company’s fifty day moving average price is $74.86 and its two-hundred day moving average price is $73.56.

Black Hills (NYSE:BKH) last announced its quarterly earnings results on Wednesday, November 4th. The utilities provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. The company had revenue of $466.10 million during the quarter, compared to analysts’ expectations of $483.04 million. Black Hills had a return on equity of 8.19% and a net margin of 13.49%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, analysts forecast that Black Hills will post 4.34 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The company also recently announced 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. The ex-dividend date is Tuesday, November 17th. This represents a $2.81 annualized dividend and a yield of 3.3%. Black Hills’s dividend payout ratio (DPR) is 67.55%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company bought a new position in shares of Black Hills in the 2nd quarter valued at $29,413,000. BlackRock Inc. bought a new stake in shares of Black Hills during the 2nd quarter worth $928,675,000. Banque Pictet & Cie SA bought a new stake in shares of Black Hills during the 3rd quarter worth $3,214,000. Engineers Gate Manager LP boosted its stake in Black Hills by 35.7% in the second quarter. Engineers Gate Manager LP now owns 1,442,064 shares of the utilities provider’s stock valued at $107,290,000 after buying an additional 379,211 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Black Hills by 18.0% in the second quarter. HighTower Advisors LLC now owns 394,572 shares of the utilities provider’s stock valued at $29,356,000 after buying an additional 60,052 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

Black Hills News Summary

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

• Positive Sentiment: Black Hills reported third-quarter diluted EPS of $0.57, topping the $0.47 analyst consensus and rising from $0.45 a year earlier. Revenue increased 8.3% year over year to $466.1 million. Black Hills Corp. Reports 2026 Third-Quarter Results and Reaffirms 2026 Earnings Guidance
• Positive Sentiment: The company reaffirmed its 2026 adjusted earnings guidance. The earnings call coverage characterized the outlook as resilient and highlighted growth opportunities, helping support the investment case. Black Hills Earnings Call Signals Growth, Resilience and Opportunity
• Negative Sentiment: Quarterly revenue of $466.1 million missed analysts’ $483.04 million estimate, a potential offset to the EPS beat and year-over-year growth. Black Hills quarterly earnings results

About Black Hills

Black Hills Corporation (NYSE:BKH) is an energy company headquartered in Rapid City, South Dakota. Through its Black Hills Energy businesses, the company provides regulated electric and natural gas utility services to residential, commercial and industrial customers.

Black Hills operates electric utilities and natural gas distribution systems across parts of Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its activities include generating and purchasing electricity, transmitting and distributing power, distributing natural gas, and developing and maintaining the infrastructure needed to serve its utility customers.

The company traces its history to the Black Hills region and has expanded through the development and acquisition of utility operations in the central and western United States.