Squarepoint Ops LLC Has $14.18 Million Stock Position in Black Hills Corporation $BKH

Squarepoint Ops LLC reduced its holdings in shares of Black Hills Corporation (NYSE:BKH) by 29.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 190,598 shares of the utilities provider’s stock after selling 78,477 shares during the quarter. Squarepoint Ops LLC owned approximately 0.25% of Black Hills worth $14,180,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Baird Financial Group Inc. grew its position in Black Hills by 4.2% in the second quarter. Baird Financial Group Inc. now owns 5,979 shares of the utilities provider’s stock valued at $445,000 after purchasing an additional 241 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Black Hills by 67.4% during the 2nd quarter. Allworth Financial LP now owns 5,505 shares of the utilities provider’s stock worth $410,000 after buying an additional 2,217 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Black Hills by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 20,986 shares of the utilities provider’s stock worth $1,561,000 after buying an additional 250 shares during the last quarter. West Family Investments Inc. bought a new position in shares of Black Hills in the 2nd quarter valued at about $318,000. Finally, Corient Private Wealth LP increased its position in shares of 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 last quarter. Institutional investors own 86.71% of the company’s stock.

Black Hills Price Performance

Black Hills stock opened at $72.83 on Thursday. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 2.93 and a beta of 0.71. 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 Corporation has a 12 month low of $58.10 and a 12 month high of $78.69. The stock’s 50 day moving average is $73.46 and its 200-day moving average is $73.13.

Black Hills (NYSE:BKH) last released its quarterly earnings results 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 return on equity of 7.98% and a net margin of 13.01%.The business had revenue of $452.80 million during the quarter, compared to the consensus estimate of $490.89 million. During the same period in the previous year, the company posted $0.38 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts expect that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BKH shares. Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. 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. Wall Street Zen raised Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Oppenheimer set a $78.00 price objective on Black Hills in a research note on Thursday, June 11th. Finally, BMO Capital Markets cut their price objective on Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $81.67.

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.