Black Hills (NYSE:BKH) Issues Earnings Results

Black Hills (NYSE:BKH) released its quarterly earnings data on Wednesday. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13, FiscalAI reports. Black Hills had a return on equity of 7.77% and a net margin of 12.61%.During the same quarter in the prior year, the business earned $0.38 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Black Hills updated its FY 2026 guidance to 4.250-4.450 EPS.

Black Hills Trading Down 1.0%

NYSE:BKH traded down $0.69 on Wednesday, hitting $71.55. 774,963 shares of the stock were exchanged, compared to its average volume of 968,945. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.65. Black Hills has a 52 week low of $58.06 and a 52 week high of $78.69. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 2.82 and a beta of 0.71. The company’s 50-day moving average price is $73.38 and its 200 day moving average price is $73.12.

Black Hills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued 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 payout ratio is currently 73.18%.

Wall Street Analyst Weigh In

BKH has been the subject of several recent analyst reports. Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research note 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 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 downgraded Black Hills from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Finally, Bank of America upped their price target on shares of Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Black Hills currently has an average rating of “Buy” and an average price target of $81.67.

Insider Activity

In other news, Director Robert P. Otto sold 4,109 shares of Black Hills stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total transaction of $304,969.98. Following the completion of the sale, the director owned 10,886 shares in the company, valued at $807,958.92. The trade was a 27.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Black Hills

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new stake in Black Hills during the 3rd quarter worth $45,000. Geneos Wealth Management Inc. boosted its position 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 worth $58,000 after purchasing an additional 317 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Black Hills by 47.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 850 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 274 shares during the period. Parallel Advisors LLC grew its stake in shares of Black Hills by 42.6% during the third quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 352 shares during the period. Finally, Larson Financial Group LLC increased its holdings in Black Hills by 90.3% in the third quarter. Larson Financial Group LLC now owns 1,960 shares of the utilities provider’s stock valued at $121,000 after purchasing an additional 930 shares during the last quarter. 86.71% of the stock is owned by institutional investors.

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.