Black Hills Corporation $BKH Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA cut its stake in shares of Black Hills Corporation (NYSE:BKH) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,563 shares of the utilities provider’s stock after selling 7,827 shares during the period. Leeward Investments LLC MA’s holdings in Black Hills were worth $8,940,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC grew its stake in shares of Black Hills by 31.6% in the 3rd quarter. Signaturefd LLC now owns 5,558 shares of the utilities provider’s stock worth $390,000 after acquiring an additional 1,335 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Black Hills by 27.4% during the third quarter. Citizens Financial Group Inc. RI now owns 4,332 shares of the utilities provider’s stock valued at $304,000 after purchasing an additional 932 shares in the last quarter. NTV Asset Management LLC bought a new position in shares of Black Hills during the third quarter valued at about $561,000. CWA Asset Management Group LLC lifted its position in shares of Black Hills by 8.9% during the third quarter. CWA Asset Management Group LLC now owns 25,006 shares of the utilities provider’s stock valued at $1,752,000 after purchasing an additional 2,034 shares in the last quarter. Finally, Banque Pictet & Cie SA purchased a new position in Black Hills during the third quarter worth about $3,214,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BKH shares. BMO Capital Markets boosted their price target on shares of Black Hills from $83.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Black Hills in a research note on Thursday. Jefferies Financial Group began coverage on shares of Black Hills in a research report on Wednesday, October 14th. They set a “buy” rating and a $87.00 target price on the stock. Finally, Bank of America boosted their target price on Black Hills from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat.com, Black Hills has an average rating of “Buy” and a consensus target price of $83.25.

Black Hills Stock Up 0.3%

Shares of NYSE:BKH opened at $79.64 on Monday. Black Hills Corporation has a 1 year low of $62.26 and a 1 year high of $79.86. The company has a market capitalization of $6.07 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 3.15 and a beta of 0.68. The business has a fifty day moving average price of $73.19 and a two-hundred day moving average price of $73.56. 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 released 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 company had revenue of $452.80 million for the quarter, compared to analysts’ expectations of $490.89 million. Black Hills had a return on equity of 7.98% and a net margin of 13.01%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts forecast 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. Investors of record on Monday, August 17th were given a dividend of $0.7030 per share. The ex-dividend date was Monday, August 17th. This represents a $2.81 annualized dividend and a yield of 3.5%. Black Hills’s dividend payout ratio is presently 70.96%.

Black Hills Profile

Black Hills Corporation (NYSE:BKH) is an energy company headquartered in Rapid City, South Dakota. Through its Black Hills Energy businesses, the company provides regulated electric and natural gas utility services to residential, commercial and industrial customers.

Black Hills operates electric utilities and natural gas distribution systems across parts of Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its activities include generating and purchasing electricity, transmitting and distributing power, distributing natural gas, and developing and maintaining the infrastructure needed to serve its utility customers.

The company traces its history to the Black Hills region and has expanded through the development and acquisition of utility operations in the central and western United States.