Quantbot Technologies LP Purchases New Position in Black Hills Corporation $BKH

Quantbot Technologies LP purchased a new position in Black Hills Corporation (NYSE:BKH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,741 shares of the utilities provider’s stock, valued at approximately $948,000.

A number of other hedge funds also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Black Hills by 7.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider’s stock valued at $2,596,000 after buying an additional 2,906 shares in the last quarter. NewEdge Advisors LLC grew its stake in Black Hills by 83.2% in the 1st quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider’s stock valued at $203,000 after acquiring an additional 1,519 shares during the period. Jones Financial Companies Lllp increased its holdings in Black Hills by 37.8% in the 1st quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock worth $184,000 after acquiring an additional 834 shares in the last quarter. United Services Automobile Association purchased a new stake in Black Hills in the 1st quarter worth $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Black Hills by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,673 shares of the utilities provider’s stock worth $8,168,000 after acquiring an additional 7,332 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on BKH shares. Oppenheimer set a $78.00 target price on shares of Black Hills in a research note on Thursday, June 11th. BMO Capital Markets reduced their target price on Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Wall Street Zen raised Black Hills from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Bank of America increased their price objective on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Weiss Ratings raised shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $81.67.

Black Hills Stock Up 0.9%

Shares of NYSE:BKH opened at $73.70 on Thursday. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.89 and a beta of 0.71. Black Hills Corporation has a 12-month low of $58.06 and a 12-month high of $78.69. The business has a 50-day moving average price of $73.69 and a 200 day moving average price of $73.14. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.99.

Black Hills (NYSE:BKH) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.13. The company had revenue of $452.80 million during the quarter, compared to analyst estimates of $490.89 million. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. Black Hills’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts expect that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a $0.703 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.81 dividend on an annualized basis and a yield of 3.8%. Black Hills’s payout ratio is presently 70.96%.

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.