Black Hills Corporation (NYSE:BKH) Receives $81.40 Average Price Target from Analysts

Shares of Black Hills Corporation (NYSE:BKH) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $81.40.

BKH has been the subject of a number of research analyst reports. LADENBURG THALM/SH SH initiated coverage on Black Hills in a research report on Wednesday, April 1st. They set a “buy” rating and a $77.00 price target for the company. BMO Capital Markets increased their price target on Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Bank of America increased their price target on Black Hills from $72.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, May 21st. Finally, Siebert Williams Shank raised Black Hills from a “hold” rating to a “buy” rating and increased their price target for the company from $79.00 to $82.00 in a research report on Thursday, March 12th.

Black Hills Stock Performance

Shares of BKH opened at $72.84 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.88 and a beta of 0.74. The stock has a 50 day moving average of $73.04 and a 200 day moving average of $72.19. Black Hills has a 12 month low of $55.49 and a 12 month high of $78.69.

Black Hills (NYSE:BKH) last issued its quarterly 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). The business had revenue of $780.70 million for the quarter, compared to analysts’ expectations of $769.19 million. Black Hills had a net margin of 12.61% and a return on equity of 7.77%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts forecast that Black Hills will post 4.34 earnings per share for the current year.

Black Hills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be 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 is Friday, May 15th. Black Hills’s dividend payout ratio (DPR) is currently 73.18%.

Insider Transactions at Black Hills

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total value of $304,969.98. Following the completion of the sale, the director directly owned 10,886 shares of the company’s stock, valued at $807,958.92. This trade represents a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is owned by corporate insiders.

Institutional Trading of Black Hills

A number of large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in Black Hills by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,342 shares of the utilities provider’s stock worth $232,000 after buying an additional 137 shares during the last quarter. Meeder Advisory Services Inc. grew its position in shares of Black Hills by 1.6% in the fourth quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider’s stock valued at $638,000 after purchasing an additional 145 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Black Hills by 0.6% in the third quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock valued at $1,614,000 after purchasing an additional 154 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Black Hills by 11.5% in the fourth quarter. Farther Finance Advisors LLC now owns 1,516 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 156 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of Black Hills by 4.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,827 shares of the utilities provider’s stock valued at $266,000 after purchasing an additional 168 shares in the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

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.