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

Shares of Black Hills Corporation (NYSE:BKH) have received a consensus recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have covered the stock in the last year is $81.6667.

A number of analysts have recently issued reports on BKH shares. Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. BMO Capital Markets cut their target price on Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Bank of America upped their price target on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Oppenheimer set a $78.00 target price on shares of Black Hills in a research note on Thursday, June 11th. Finally, Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th.

Hedge Funds Weigh In On Black Hills

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LP boosted its stake in Black Hills by 0.7% in the second quarter. Corient Private Wealth LP now owns 48,585 shares of the utilities provider’s stock valued at $3,615,000 after acquiring an additional 343 shares during the period. HighTower Advisors LLC lifted its stake in shares of Black Hills by 18.0% in the 2nd quarter. HighTower Advisors LLC now owns 394,572 shares of the utilities provider’s stock worth $29,356,000 after acquiring an additional 60,052 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Black Hills in the second quarter valued at $372,000. California State Teachers Retirement System lifted its stake in Black Hills by 7,169.5% during the second quarter. California State Teachers Retirement System now owns 6,504,048 shares of the utilities provider’s stock valued at $483,901,000 after purchasing an additional 6,414,578 shares during the last quarter. Finally, HB Wealth Management LLC raised its position in shares of Black Hills by 40.5% during the second quarter. HB Wealth Management LLC now owns 8,486 shares of the utilities provider’s stock worth $631,000 after purchasing an additional 2,447 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

Black Hills Price Performance

NYSE:BKH opened at $72.62 on Thursday. The company has a market capitalization of $5.54 billion, a P/E ratio of 18.34, a P/E/G ratio of 2.86 and a beta of 0.71. The business’s 50-day moving average is $73.61 and its 200 day moving average is $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 has a 12 month low of $58.06 and a 12 month high of $78.69.

Black Hills (NYSE:BKH) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.13. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The company had revenue of $452.80 million for the quarter, compared to analyst estimates of $490.89 million. During the same period last year, the company posted $0.38 earnings per share. Black Hills’s revenue was up 3.1% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts forecast that Black Hills will post 4.34 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a $0.703 dividend. This represents a $2.81 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, August 17th. Black Hills’s payout ratio is 70.96%.

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.