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

Black Hills (NYSE:BKH) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 4.250-4.450 for the period, compared to the consensus EPS estimate of 4.340. The company issued revenue guidance of -.

Black Hills Stock Up 2.7%

Shares of NYSE BKH traded up $2.03 during midday trading on Thursday, hitting $75.95. The stock had a trading volume of 183,015 shares, compared to its average volume of 988,393. The company has a quick ratio of 1.11, a current ratio of 1.35 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $72.61 and its 200-day moving average is $71.17. Black Hills has a 52 week low of $55.49 and a 52 week high of $78.69. The company has a market cap of $5.78 billion, a P/E ratio of 19.02, a PEG ratio of 2.94 and a beta of 0.74.

Black Hills (NYSE:BKH) last announced its 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 12.62% and a return on equity of 7.91%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts predict that Black Hills will post 4.31 EPS for the current year.

Black Hills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.703 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.81 annualized dividend and a dividend yield of 3.7%. Black Hills’s dividend payout ratio is currently 70.60%.

Analyst Upgrades and Downgrades

BKH has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their target price on shares of Black Hills from $84.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. LADENBURG THALM/SH SH began coverage on shares of Black Hills in a research note on Wednesday, April 1st. They issued a “buy” rating and a $77.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Black Hills in a research note on Friday, March 27th. Bank of America raised their price target on shares of Black Hills from $72.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Finally, Wall Street Zen lowered shares of Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.40.

Hedge Funds Weigh In On Black Hills

A number of hedge funds have recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in Black Hills in the third quarter valued at $45,000. Smartleaf Asset Management LLC raised its stake in Black Hills by 47.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 850 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 274 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in 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 last quarter. Parallel Advisors LLC lifted its holdings in shares of Black Hills by 42.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 352 shares during the period. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Black Hills by 639.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,774 shares of the utilities provider’s stock worth $123,000 after acquiring an additional 1,534 shares during the period. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

About Black Hills

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.