Black Hills Corporation $BKH Shares Bought by Inspire Investing LLC

Inspire Investing LLC lifted its stake in Black Hills Corporation (NYSE:BKH) by 19.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,997 shares of the utilities provider’s stock after acquiring an additional 1,162 shares during the period. Inspire Investing LLC’s holdings in Black Hills were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of Black Hills by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 215,402 shares of the utilities provider’s stock worth $13,064,000 after acquiring an additional 4,077 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Black Hills by 15.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,918 shares of the utilities provider’s stock valued at $480,000 after purchasing an additional 1,087 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Black Hills by 215.5% during the first quarter. Farther Finance Advisors LLC now owns 1,647 shares of the utilities provider’s stock valued at $100,000 after purchasing an additional 1,125 shares during the last quarter. GAMMA Investing LLC lifted its stake in Black Hills by 59.2% during the first quarter. GAMMA Investing LLC now owns 605 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 225 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in Black Hills during the first quarter valued at approximately $808,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Bank of America raised shares of Black Hills from an “underperform” rating to a “neutral” rating and increased their target price for the company from $57.00 to $64.00 in a research note on Wednesday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Black Hills in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $66.00.

Black Hills Stock Down 0.6%

BKH stock opened at $60.06 on Tuesday. Black Hills Corporation has a 52-week low of $54.92 and a 52-week high of $65.59. The company’s 50 day simple moving average is $60.03 and its 200-day simple moving average is $58.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.64 and a quick ratio of 0.49. The firm has a market capitalization of $4.38 billion, a P/E ratio of 15.13, a P/E/G ratio of 2.80 and a beta of 0.73.

Black Hills (NYSE:BKH) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. Black Hills had a net margin of 12.68% and a return on equity of 7.81%. The business had revenue of $439.00 million for the quarter, compared to analyst estimates of $412.69 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Black Hills has set its FY 2025 guidance at 4.000-4.200 EPS. As a group, equities research analysts anticipate that Black Hills Corporation will post 4.12 EPS for the current year.

Black Hills Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a $0.676 dividend. This represents a $2.70 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, August 18th. Black Hills’s dividend payout ratio is currently 68.01%.

Black Hills Company Profile

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.