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

Black Hills (NYSE:BKH) issued an update on 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 4.330. The company issued revenue guidance of -.

Analyst Ratings Changes

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

Black Hills Price Performance

Black Hills stock opened at $72.34 on Friday. The company’s 50 day moving average is $73.32 and its two-hundred day moving average is $73.11. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. Black Hills has a 52-week low of $58.06 and a 52-week high of $78.69. The firm has a market cap of $5.51 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 2.84 and a beta of 0.71.

Black Hills (NYSE:BKH) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Black Hills had a return on equity of 8.03% and a net margin of 13.01%.The company had revenue of $452.80 million for the quarter, compared to analyst estimates of $490.89 million. During the same quarter last year, the company earned $0.38 EPS. Black Hills’s revenue for the quarter 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, research analysts expect that Black Hills will post 4.34 EPS for the current fiscal year.

Black Hills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a dividend of $0.703 per share. This represents a $2.81 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, August 17th. Black Hills’s dividend payout ratio (DPR) is currently 73.18%.

Insider Activity at Black Hills

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 stock was sold at an average price of $74.22, for a total transaction of $304,969.98. Following the transaction, the director owned 10,886 shares of the company’s stock, valued at $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Black Hills

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Zimmer Partners LP raised its position in shares of Black Hills by 2,100.0% in the 3rd quarter. Zimmer Partners LP now owns 1,100,020 shares of the utilities provider’s stock worth $67,750,000 after buying an additional 1,050,020 shares during the period. Adage Capital Partners GP L.L.C. grew its stake in Black Hills by 176.9% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,592,000 shares of the utilities provider’s stock worth $110,517,000 after buying an additional 1,017,000 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Black Hills by 10,853.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 664,080 shares of the utilities provider’s stock valued at $40,901,000 after acquiring an additional 658,017 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Black Hills by 52.8% in the third quarter. AQR Capital Management LLC now owns 1,374,050 shares of the utilities provider’s stock worth $84,628,000 after buying an additional 474,947 shares during the period. Finally, Millennium Management LLC grew its position in Black Hills by 384.2% in the fourth quarter. Millennium Management LLC now owns 574,943 shares of the utilities provider’s stock valued at $39,913,000 after acquiring an additional 456,193 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

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.