32,248 Shares in Black Hills Corporation $BKH Purchased by PEAK6 LLC

PEAK6 LLC purchased a new stake in Black Hills Corporation (NYSE:BKH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,248 shares of the utilities provider’s stock, valued at approximately $2,399,000.

A number of other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in Black Hills by 4.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,342 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 137 shares in the last quarter. Meeder Advisory Services Inc. increased its stake in Black Hills by 1.6% during the 4th quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider’s stock worth $638,000 after acquiring an additional 145 shares during the period. Van ECK Associates Corp raised its holdings in Black Hills by 0.6% in the 3rd quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock valued at $1,614,000 after acquiring an additional 154 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Black Hills by 11.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,516 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 156 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of Black Hills by 4.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,827 shares of the utilities provider’s stock valued at $266,000 after acquiring an additional 168 shares during the period. Institutional investors own 86.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BKH. 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 report on Friday, July 10th. Oppenheimer set a $78.00 target price on shares of Black Hills in a research report on Thursday, June 11th. BMO Capital Markets reduced their price target on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Finally, Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $81.67.

Insiders Place Their Bets

In related news, Director Robert P. Otto sold 4,109 shares of the business’s stock in a transaction 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 transaction, the director owned 10,886 shares in the company, valued at $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is owned by corporate insiders.

Black Hills Stock Up 0.0%

Shares of BKH opened at $71.71 on Monday. The stock has a fifty day moving average of $73.69 and a 200-day moving average of $73.16. Black Hills Corporation has a 52 week low of $58.06 and a 52 week high of $78.69. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 2.84 and a beta of 0.71. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.41 and a current ratio of 0.52.

Black Hills (NYSE:BKH) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. The business had revenue of $452.80 million during the quarter, compared to analyst estimates of $490.89 million. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.38 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts anticipate that Black Hills Corporation will post 4.34 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

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 issued a $0.703 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.81 annualized dividend and a yield of 3.9%. Black Hills’s dividend payout ratio is presently 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.