Corient Private Wealth LP Buys New Shares in Black Hills Corporation $BKH

Corient Private Wealth LP bought a new position in shares of Black Hills Corporation (NYSE:BKH) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 789,711 shares of the utilities provider’s stock, valued at approximately $3,691,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearstead Trust LLC acquired a new stake in Black Hills in the second quarter valued at $34,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Black Hills in the 2nd quarter valued at about $34,000. Advisory Services Network LLC acquired a new position in shares of Black Hills during the 3rd quarter worth about $45,000. Global Retirement Partners LLC acquired a new position in shares of Black Hills during the 2nd quarter worth about $56,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Black Hills by 44.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 317 shares during the period. 86.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BKH shares. BMO Capital Markets cut their target price on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. 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 research report on Friday, July 24th. Bank of America upped their price objective on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Oppenheimer set a $78.00 price objective on Black Hills in a research report on Thursday, June 11th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, Black Hills has an average rating of “Buy” and an average target price of $81.67.

Black Hills Price Performance

NYSE:BKH opened at $72.29 on Wednesday. Black Hills Corporation has a one year low of $58.06 and a one year high of $78.69. The company has a market cap of $5.51 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.84 and a beta of 0.71. The firm’s fifty day moving average price is $73.65 and its two-hundred day moving average price is $73.14. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.52 and a quick ratio of 0.41.

Black Hills (NYSE:BKH) last posted its 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. The company had revenue of $452.80 million during the quarter, compared to analysts’ expectations of $490.89 million. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. Black Hills’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts expect that Black Hills Corporation will post 4.34 earnings per share for the current year.

Black Hills Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.703 dividend. This represents a $2.81 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, August 17th. Black Hills’s dividend payout ratio is currently 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.