Black Hills Corporation (NYSE:BKH) Receives $81.67 Consensus PT from Analysts

Black Hills Corporation (NYSE:BKH) has earned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have covered the stock in the last year is $81.6667.

A number of equities research analysts have recently commented on BKH shares. Weiss Ratings upgraded shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Oppenheimer set a $78.00 price target on shares of Black Hills in a research report on Thursday, June 11th. BMO Capital Markets dropped their price objective 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. Bank of America increased their price objective on shares of Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Wall Street Zen raised shares of Black Hills from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th.

Institutional Trading of Black Hills

Several large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Black Hills by 7.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider’s stock worth $2,596,000 after acquiring an additional 2,906 shares during the period. NewEdge Advisors LLC increased its position in Black Hills by 83.2% during the first quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider’s stock worth $203,000 after purchasing an additional 1,519 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Black Hills by 37.8% during the first quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock worth $184,000 after purchasing an additional 834 shares during the period. United Services Automobile Association purchased a new position in Black Hills during the first quarter worth about $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Black Hills by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,673 shares of the utilities provider’s stock valued at $8,168,000 after purchasing an additional 7,332 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Black Hills Stock Performance

NYSE BKH opened at $72.83 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.52 and a quick ratio of 0.41. The stock’s 50 day simple moving average is $73.46 and its 200-day simple moving average is $73.13. The company has a market cap of $5.55 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.93 and a beta of 0.71. Black Hills has a 1-year low of $58.10 and a 1-year high of $78.69.

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

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a dividend of $0.703 per share. The ex-dividend date was Monday, August 17th. This represents a $2.81 dividend on an annualized basis and a yield of 3.9%. Black Hills’s dividend payout ratio (DPR) 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.