Black Hills Corporation (NYSE:BKH) Given Consensus Rating of “Moderate Buy” by Analysts

Black Hills Corporation (NYSE:BKH) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $80.00.

A number of equities analysts have recently weighed in on BKH shares. Bank of America increased their price target on Black Hills from $72.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Black Hills in a report on Friday, March 27th. BMO Capital Markets increased their price target on Black Hills from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Wall Street Zen cut Black Hills from a “hold” rating to a “sell” rating in a report on Saturday. Finally, LADENBURG THALM/SH SH started coverage on Black Hills in a report on Wednesday, April 1st. They set a “buy” rating and a $77.00 price target for the company.

Hedge Funds Weigh In On Black Hills

Hedge funds have recently modified their holdings of the business. Meeder Advisory Services Inc. boosted its holdings in Black Hills by 1.6% during the 4th quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider’s stock valued at $638,000 after acquiring an additional 145 shares during the period. Van ECK Associates Corp boosted its holdings in Black Hills by 0.6% during the 3rd quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock valued at $1,614,000 after acquiring an additional 154 shares during the period. Farther Finance Advisors LLC boosted its holdings in Black Hills by 11.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,516 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 156 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in Black Hills by 4.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,827 shares of the utilities provider’s stock valued at $266,000 after acquiring an additional 168 shares during the period. Finally, Arkadios Wealth Advisors boosted its holdings in Black Hills by 2.4% during the 4th quarter. Arkadios Wealth Advisors now owns 7,407 shares of the utilities provider’s stock valued at $514,000 after acquiring an additional 172 shares during the period. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Black Hills Stock Down 0.0%

Shares of BKH opened at $73.80 on Monday. Black Hills has a 52-week low of $55.49 and a 52-week high of $75.87. The company has a market capitalization of $5.61 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 2.94 and a beta of 0.73. The stock has a fifty day simple moving average of $72.11 and a two-hundred day simple moving average of $69.61. The company has a quick ratio of 1.11, a current ratio of 1.35 and a debt-to-equity ratio of 1.20.

Black Hills (NYSE:BKH) last issued its earnings results on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $635.50 million during the quarter, compared to the consensus estimate of $809.88 million. Black Hills had a return on equity of 7.91% and a net margin of 12.62%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the company earned $1.37 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts forecast that Black Hills will post 4.12 EPS for the current year.

Black Hills Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.703 per share. The ex-dividend date was Tuesday, February 17th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from Black Hills’s previous quarterly dividend of $0.68. Black Hills’s dividend payout ratio (DPR) is currently 70.60%.

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.