Black Hills Corporation $BKH Position Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its position in shares of Black Hills Corporation (NYSE:BKH) by 45.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,023 shares of the utilities provider’s stock after purchasing an additional 7,241 shares during the period. Sequoia Financial Advisors LLC’s holdings in Black Hills were worth $1,598,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BKH. Zimmer Partners LP raised its stake in shares of Black Hills by 2,100.0% during the 3rd quarter. Zimmer Partners LP now owns 1,100,020 shares of the utilities provider’s stock worth $67,750,000 after purchasing an additional 1,050,020 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Black Hills by 10,853.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 664,080 shares of the utilities provider’s stock valued at $40,901,000 after buying an additional 658,017 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Black Hills by 52.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,374,050 shares of the utilities provider’s stock valued at $84,628,000 after buying an additional 474,947 shares in the last quarter. Two Sigma Investments LP increased its holdings in Black Hills by 220.7% in the third quarter. Two Sigma Investments LP now owns 525,653 shares of the utilities provider’s stock worth $32,375,000 after buying an additional 361,751 shares during the last quarter. Finally, Crawford Investment Counsel Inc. lifted its stake in Black Hills by 264.8% in the third quarter. Crawford Investment Counsel Inc. now owns 447,651 shares of the utilities provider’s stock valued at $27,571,000 after acquiring an additional 324,931 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analysts Set New Price Targets

Several research 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 stock an “outperform” rating in a research note on Wednesday, April 15th. LADENBURG THALM/SH SH initiated coverage on Black Hills in a research report on Wednesday, April 1st. They issued a “buy” rating and a $77.00 price target for the company. Siebert Williams Shank raised Black Hills from a “hold” rating to a “buy” rating and increased their price objective for the company from $79.00 to $82.00 in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Black Hills in a research report on Friday, March 27th. Finally, Wall Street Zen downgraded Black Hills from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Black Hills has an average rating of “Moderate Buy” and an average price target of $81.40.

Black Hills Trading Down 2.2%

Shares of NYSE:BKH opened at $73.59 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.65. The stock’s 50-day moving average is $72.67 and its 200-day moving average is $71.39. The company has a market cap of $5.60 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.98 and a beta of 0.74. Black Hills Corporation has a 52-week low of $55.49 and a 52-week high of $78.69.

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

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.703 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.81 annualized dividend and a dividend yield of 3.8%. Black Hills’s dividend payout ratio (DPR) is presently 73.18%.

Black Hills 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.