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

Shares of Black Hills Corporation (NYSE:BKH) have been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $82.6667.

Several research firms recently issued reports on BKH. LADENBURG THALM/SH SH began coverage on Black Hills in a research report on Wednesday, April 1st. They issued a “buy” rating and a $77.00 target price on the stock. Oppenheimer set a $78.00 price target on Black Hills in a research report on Thursday, June 11th. BMO Capital Markets boosted their price target on Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. 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 report on Friday, July 10th. Finally, Weiss Ratings cut Black Hills from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th.

Black Hills Stock Down 0.2%

NYSE:BKH opened at $74.30 on Wednesday. The company has a market cap of $5.66 billion, a PE ratio of 19.35, a P/E/G ratio of 2.95 and a beta of 0.71. Black Hills has a twelve month low of $55.79 and a twelve month high of $78.69. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average is $73.49 and its two-hundred day moving average is $72.91.

Black Hills (NYSE:BKH) last issued its quarterly earnings results 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). Black Hills had a net margin of 12.61% and a return on equity of 7.77%. The company had revenue of $780.70 million for the quarter, compared to analyst estimates of $769.19 million. During the same quarter in the previous year, the company posted $1.87 EPS. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts anticipate that Black Hills will post 4.34 EPS for the current year.

Black Hills Dividend Announcement

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

Insider Transactions at Black Hills

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

Institutional Trading of Black Hills

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Zimmer Partners LP lifted its position in Black Hills by 2,100.0% during the third quarter. Zimmer Partners LP now owns 1,100,020 shares of the utilities provider’s stock valued at $67,750,000 after purchasing an additional 1,050,020 shares during the period. Adage Capital Partners GP L.L.C. grew its position in Black Hills by 176.9% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,592,000 shares of the utilities provider’s stock worth $110,517,000 after purchasing an additional 1,017,000 shares during the period. Engineers Gate Manager LP grew its position in Black Hills by 17,790.3% during the 4th quarter. Engineers Gate Manager LP now owns 849,073 shares of the utilities provider’s stock worth $58,943,000 after purchasing an additional 844,327 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of Black Hills by 10,853.0% during 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 during the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Black Hills by 38.7% during the 4th quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider’s stock valued at $157,995,000 after buying an additional 634,800 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

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.