Black Hills Corporation (NYSE:BKH) Receives Consensus Recommendation of “Buy” from Analysts

Black Hills Corporation (NYSE:BKH) has received a consensus rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $81.1667.

Several research analysts recently weighed in on BKH shares. BMO Capital Markets boosted their price objective on shares of Black Hills from $84.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Weiss Ratings cut shares of Black Hills from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. Wall Street Zen cut shares of Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Siebert Williams Shank upgraded shares of Black Hills from a “hold” rating to a “buy” rating and upped their price objective for the company from $79.00 to $82.00 in a research report on Thursday, March 12th. Finally, LADENBURG THALM/SH SH initiated 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.

Insider Activity at Black Hills

In other news, Director Robert P. Otto sold 4,109 shares of the stock in a transaction dated 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 transaction, the director directly owned 10,886 shares in the company, valued at $807,958.92. This represents a 27.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Black Hills

Institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Black Hills in the 3rd quarter valued at about $45,000. First Horizon Corp raised its stake in Black Hills by 192.8% in the 4th quarter. First Horizon Corp now owns 773 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 509 shares during the period. Clearstead Advisors LLC raised its stake in Black Hills by 884.8% in the 3rd quarter. Clearstead Advisors LLC now owns 778 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 699 shares during the period. 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 acquiring an additional 274 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in Black Hills in the 1st quarter valued at $67,000. 86.71% of the stock is owned by institutional investors.

Black Hills Stock Down 0.1%

Shares of BKH opened at $72.71 on Friday. The company has a market capitalization of $5.54 billion, a P/E ratio of 18.93, a PEG ratio of 2.88 and a beta of 0.72. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.53. Black Hills has a one year low of $55.50 and a one year high of $78.69. The business’s 50 day simple moving average is $73.66 and its 200-day simple moving average is $72.28.

Black Hills (NYSE:BKH) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.79 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.09). Black Hills had a return on equity of 7.77% and a net margin of 12.61%.The business had revenue of $780.70 million during the quarter, compared to analyst estimates of $769.19 million. During the same period in the previous year, the firm earned $1.87 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts predict that Black Hills will post 4.34 EPS for the current fiscal year.

Black Hills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a dividend of $0.703 per share. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, May 15th. Black Hills’s dividend payout ratio is currently 73.18%.

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.