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

Black Hills (NYSE:BKH) issued an update on 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 estimate of 4.330. The company issued revenue guidance of -.

Black Hills Price Performance

Shares of BKH traded down $0.69 during trading hours on Wednesday, reaching $71.55. 774,963 shares of the stock traded hands, compared to its average volume of 968,945. The company has a market cap of $5.45 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71. 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’s 50-day moving average price is $73.38 and its two-hundred day moving average price is $73.12. Black Hills has a 52-week low of $58.06 and a 52-week high of $78.69.

Black Hills (NYSE:BKH) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Black Hills had a return on equity of 7.77% and a net margin of 12.61%.Black Hills’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts anticipate that Black Hills will post 4.34 earnings per share for the current year.

Black Hills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a dividend of $0.703 per share. This represents a $2.81 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, August 17th. Black Hills’s dividend payout ratio (DPR) is 73.18%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen cut Black Hills from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings raised shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Oppenheimer set a $78.00 price target on shares of Black Hills in a report on Thursday, June 11th. Bank of America lifted 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. Finally, BMO Capital Markets decreased their target price on Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $81.67.

Insider Transactions at Black Hills

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total transaction of $304,969.98. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Black Hills

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lido Advisors LLC purchased a new stake in shares of Black Hills during the third quarter valued at $225,000. Integrated Wealth Concepts LLC purchased a new position in Black Hills in the 4th quarter worth about $205,000. NewEdge Advisors LLC lifted its holdings in Black Hills by 83.2% during the 1st quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider’s stock valued at $203,000 after buying an additional 1,519 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Black Hills by 37.8% during the 1st quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock valued at $184,000 after buying an additional 834 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Black Hills by 96.4% during the 4th quarter. Parallel Advisors LLC now owns 2,316 shares of the utilities provider’s stock valued at $161,000 after buying an additional 1,137 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

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.