Meeder Advisory Services Inc. Takes $654,000 Position in Black Hills Corporation $BKH

Meeder Advisory Services Inc. bought a new stake in shares of Black Hills Corporation (NYSE:BKH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,786 shares of the utilities provider’s stock, valued at approximately $654,000.

Other hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC acquired a new stake in Black Hills in the 2nd quarter valued at about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Black Hills in the 2nd quarter worth approximately $34,000. Advisory Services Network LLC acquired a new position in shares of Black Hills in the 3rd quarter worth approximately $45,000. First Horizon Corp raised its holdings in shares of Black Hills by 192.8% in the 4th quarter. First Horizon Corp now owns 773 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 509 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Black Hills in the 2nd quarter worth approximately $56,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BKH has been the subject of a number of research reports. BMO Capital Markets reduced their target price on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Wall Street Zen upgraded Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Oppenheimer set a $78.00 price objective on Black Hills in a research report on Thursday, June 11th. Finally, Bank of America raised their price objective on Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Black Hills currently has an average rating of “Buy” and a consensus price target of $81.67.

Black Hills Price Performance

NYSE BKH opened at $73.28 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.99. Black Hills Corporation has a 1 year low of $58.06 and a 1 year high of $78.69. The company has a market cap of $5.59 billion, a PE ratio of 18.51, a PEG ratio of 2.90 and a beta of 0.71. The stock’s 50-day moving average price is $73.73 and its two-hundred day moving average price is $73.17.

Black Hills (NYSE:BKH) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate 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%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company posted $0.38 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts predict that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.703 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.81 dividend on an annualized basis and a yield of 3.8%. Black Hills’s dividend payout ratio (DPR) is currently 70.96%.

Insider Buying and Selling

In other Black Hills 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 transaction, the director directly owned 10,886 shares in the company, valued at approximately $807,958.92. The trade was a 27.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

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.