WINTON GROUP Ltd Takes Position in Black Hills Corporation $BKH

WINTON GROUP Ltd acquired a new position in shares of Black Hills Corporation (NYSE:BKH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 31,480 shares of the utilities provider’s stock, valued at approximately $2,342,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Black Hills during the second quarter worth about $928,675,000. California State Teachers Retirement System increased its stake in shares of Black Hills by 7,169.5% in the 2nd quarter. California State Teachers Retirement System now owns 6,504,048 shares of the utilities provider’s stock valued at $483,901,000 after acquiring an additional 6,414,578 shares during the last quarter. State Street Corp raised its position in shares of Black Hills by 0.8% in the 2nd quarter. State Street Corp now owns 3,841,615 shares of the utilities provider’s stock valued at $215,515,000 after acquiring an additional 31,093 shares during the period. Capital Research Global Investors raised its position in shares of Black Hills by 38.7% in 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 acquiring an additional 634,800 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Black Hills by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,894,539 shares of the utilities provider’s stock valued at $131,548,000 after acquiring an additional 55,232 shares during the period. Institutional investors own 86.71% of the company’s stock.

Analysts Set New Price Targets

BKH has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Oppenheimer set a $78.00 price target on shares of Black Hills in a report on Thursday, June 11th. BMO Capital Markets lowered their price objective on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Finally, Bank of America raised their price objective on Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $81.67.

Black Hills Price Performance

Shares of NYSE BKH opened at $71.38 on Friday. The company has a fifty day moving average price of $73.39 and a 200 day moving average price of $73.11. The firm has a market cap of $5.44 billion, a PE ratio of 18.02, a PEG ratio of 2.86 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 1-year low of $58.10 and a 1-year high of $78.69.

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. The firm had revenue of $452.80 million for the quarter, compared to the consensus estimate of $490.89 million. Black Hills had a return on equity of 7.98% and a net margin of 13.01%.The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts predict that Black Hills Corporation will post 4.34 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, August 17th. Black Hills’s dividend payout ratio (DPR) is currently 70.96%.

Black Hills Profile

Black Hills Corporation (NYSE:BKH) is a diversified energy company headquartered in Rapid City, South Dakota. Through its regulated utilities, the company provides electric and natural gas service to residential, commercial, industrial and institutional customers.

Black Hills’ electric operations generate, purchase, transmit and distribute electricity through a portfolio that includes coal, natural gas, wind and other energy resources. Its natural gas utilities transport and distribute natural gas, while also operating related storage and pipeline infrastructure.

The company serves communities across several Midwestern and Western states, including Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.