Black Hills (NYSE:BKH) Releases FY 2026 Earnings Guidance

Black Hills (NYSE:BKH) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.250-4.450 for the period, compared to the consensus earnings per share estimate of 4.340. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of brokerages have issued reports on BKH. Weiss Ratings reiterated a “buy (b-)” rating on shares of Black Hills in a research note on Friday, March 27th. Wall Street Zen cut shares of Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Siebert Williams Shank raised shares of Black Hills from a “hold” rating to a “buy” rating and upped their price target for the stock from $79.00 to $82.00 in a report on Thursday, March 12th. LADENBURG THALM/SH SH initiated coverage on shares of Black Hills in a research report on Wednesday, April 1st. They set a “buy” rating and a $77.00 price target on the stock. Finally, Bank of America lifted their price objective on shares of Black Hills from $72.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.40.

Black Hills Price Performance

NYSE:BKH traded up $0.14 during trading hours on Wednesday, hitting $73.98. The company’s stock had a trading volume of 1,357,881 shares, compared to its average volume of 998,595. Black Hills has a twelve month low of $55.49 and a twelve month high of $78.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.35 and a quick ratio of 1.11. The stock has a fifty day simple moving average of $72.60 and a 200-day simple moving average of $71.09. The company has a market capitalization of $5.63 billion, a P/E ratio of 18.59, a PEG ratio of 2.99 and a beta of 0.74.

Black Hills (NYSE:BKH) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). Black Hills had a return on equity of 7.91% and a net margin of 12.62%.Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts anticipate that Black Hills will post 4.31 EPS for the current fiscal year.

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.703 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.81 annualized dividend and a yield of 3.8%. Black Hills’s dividend payout ratio is presently 70.60%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in shares of Black Hills in the 3rd quarter valued at $45,000. Geneos Wealth Management Inc. grew its position in Black Hills by 44.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 317 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Black Hills by 47.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 850 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 274 shares in the last quarter. Parallel Advisors LLC increased its holdings in Black Hills by 42.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 352 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in Black Hills by 90.3% in the third quarter. Larson Financial Group LLC now owns 1,960 shares of the utilities provider’s stock valued at $121,000 after purchasing an additional 930 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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.