Empowered Funds LLC Acquires New Position in Black Hills Corporation $BKH

Empowered Funds LLC acquired a new stake in shares of Black Hills Corporation (NYSE:BKH) in the second quarter, HoldingsChannel.com reports. The firm acquired 25,712 shares of the utilities provider’s stock, valued at approximately $1,913,000.

Other large investors have also bought and sold shares of the company. United Capital Financial Advisors LLC bought a new position in shares of Black Hills in the second quarter worth approximately $517,000. Ruggaard & Associates LLC purchased a new stake in shares of Black Hills during the second quarter valued at approximately $354,000. Public Employees Retirement System of Ohio bought a new stake in shares of Black Hills during the second quarter valued at approximately $255,000. Corient Private Wealth LP bought a new stake in shares of Black Hills during the second quarter valued at approximately $3,691,000. Finally, Pingora Partners LLC purchased a new position in Black Hills in the 2nd quarter worth approximately $74,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

Black Hills Trading Up 0.8%

Shares of BKH stock opened at $73.16 on Friday. Black Hills Corporation has a 12-month low of $58.06 and a 12-month high of $78.69. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average is $73.59 and its 200 day moving average is $73.13. The stock has a market capitalization of $5.58 billion, a P/E ratio of 18.47, a P/E/G ratio of 2.87 and a beta of 0.71.

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

Black Hills Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.703 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.81 annualized dividend and a dividend yield of 3.8%. Black Hills’s payout ratio is presently 70.96%.

Analyst Ratings Changes

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

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.