WINTON GROUP Ltd Buys New Shares in Black Hills Corporation $BKH

WINTON GROUP Ltd purchased a new stake in Black Hills Corporation (NYSE:BKH) during the 2nd quarter, Holdings Channel reports. The firm purchased 31,480 shares of the utilities provider’s stock, valued at approximately $2,342,000.

Other large investors also recently modified their holdings of the company. Clearstead Trust LLC acquired a new stake in shares of Black Hills in the second quarter valued at about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Black Hills in the second quarter valued at approximately $34,000. Advisory Services Network LLC acquired a new position in shares of Black Hills during the 3rd quarter worth approximately $45,000. Global Retirement Partners LLC bought a new stake in shares of Black Hills during the 2nd quarter worth approximately $56,000. Finally, Geneos Wealth Management Inc. boosted its holdings 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 valued at $58,000 after buying an additional 317 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Black Hills Stock Down 1.2%

BKH opened at $71.38 on Friday. The stock has a fifty day moving average of $73.39 and a 200-day moving average of $73.11. The company has a market capitalization of $5.44 billion, a P/E ratio of 18.02, a P/E/G ratio of 2.86 and a beta of 0.71. Black Hills Corporation has a fifty-two week low of $58.10 and a fifty-two week high of $78.69. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.41 and a current ratio of 0.52.

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

Black Hills Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.703 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.81 annualized dividend and a dividend yield of 3.9%. Black Hills’s dividend payout ratio (DPR) is currently 70.96%.

About Black Hills

Black Hills Corporation (NYSE:BKH) is a diversified energy company headquartered in Rapid City, South Dakota. Through its regulated utilities, the company provides electric and natural gas service to residential, commercial, industrial and institutional customers.

Black Hills’ electric operations generate, purchase, transmit and distribute electricity through a portfolio that includes coal, natural gas, wind and other energy resources. Its natural gas utilities transport and distribute natural gas, while also operating related storage and pipeline infrastructure.

The company serves communities across several Midwestern and Western states, including Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.