Meeder Advisory Services Inc. Makes New Investment in Black Hills Corporation $BKH

Meeder Advisory Services Inc. purchased a new position in Black Hills Corporation (NYSE:BKH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,786 shares of the utilities provider’s stock, valued at approximately $654,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Black Hills by 7.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider’s stock worth $2,596,000 after acquiring an additional 2,906 shares during the period. NewEdge Advisors LLC boosted its stake in Black Hills by 83.2% in the first 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 boosted its stake in Black Hills by 37.8% in the first quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock valued at $184,000 after acquiring an additional 834 shares during the period. United Services Automobile Association bought a new position in shares of Black Hills during the first quarter valued at approximately $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 valued at $8,168,000 after purchasing an additional 7,332 shares during the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert P. Otto sold 4,109 shares of the company’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 value of $304,969.98. Following the completion of the sale, the director directly owned 10,886 shares of the company’s stock, valued at approximately $807,958.92. This represents a 27.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

BKH has been the topic of several recent research reports. Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. BMO Capital Markets lowered their price objective 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 increased their target price on Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Wall Street Zen upgraded Black Hills from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Oppenheimer set a $78.00 target price on Black Hills in a research note on Thursday, June 11th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $81.67.

Black Hills Stock Performance

Shares of NYSE BKH opened at $73.28 on Friday. Black Hills Corporation has a 12-month low of $58.06 and a 12-month high of $78.69. The company has a market cap of $5.59 billion, a PE ratio of 18.51, a P/E/G ratio of 2.90 and a beta of 0.71. The stock has a 50 day simple moving average of $73.73 and a 200-day simple moving average of $73.17. 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 posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.41 by $0.13. The firm had revenue of $452.80 million for the quarter, compared to analysts’ expectations of $490.89 million. Black Hills had a return on equity of 7.98% and a net margin of 13.01%.The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts forecast that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

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