Sequoia Financial Advisors LLC Buys 7,241 Shares of Black Hills Corporation $BKH

Sequoia Financial Advisors LLC lifted its stake in Black Hills Corporation (NYSE:BKH) by 45.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,023 shares of the utilities provider’s stock after buying an additional 7,241 shares during the period. Sequoia Financial Advisors LLC’s holdings in Black Hills were worth $1,598,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in Black Hills by 132.3% during the third quarter. Smartleaf Asset Management LLC now owns 576 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 328 shares during the period. Advisory Services Network LLC bought a new stake in shares of Black Hills in the 3rd quarter worth approximately $45,000. Clearstead Advisors LLC grew its holdings in shares of Black Hills by 884.8% during the 3rd quarter. Clearstead Advisors LLC now owns 778 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 699 shares in the last quarter. First Horizon Corp grew its holdings in shares of Black Hills by 192.8% during 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, Geneos Wealth Management Inc. increased its position in shares of Black Hills by 44.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 317 shares during the period. 86.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BKH shares. Siebert Williams Shank upgraded Black Hills from a “hold” rating to a “buy” rating and upped their target price for the company from $79.00 to $82.00 in a research note on Thursday, March 12th. LADENBURG THALM/SH SH began coverage on shares of Black Hills in a research note on Wednesday, April 1st. They set a “buy” rating and a $77.00 price target on the stock. Wall Street Zen lowered shares of Black Hills from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Bank of America increased their price objective on shares of Black Hills from $72.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Black Hills in a report on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Black Hills has a consensus rating of “Moderate Buy” and a consensus target price of $81.40.

Black Hills Trading Down 2.2%

Shares of BKH opened at $73.59 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The stock has a market cap of $5.60 billion, a PE ratio of 19.16, a PEG ratio of 2.98 and a beta of 0.74. Black Hills Corporation has a 1 year low of $55.49 and a 1 year high of $78.69. The stock has a 50 day simple moving average of $72.67 and a 200-day simple moving average of $71.39.

Black Hills (NYSE:BKH) last announced its quarterly 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 net margin of 12.61% and a return on equity of 7.77%. The company had revenue of $780.70 million during the quarter, compared to analyst estimates of $769.19 million. During the same period in the prior year, the firm earned $1.87 EPS. Black Hills’s quarterly 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. On average, sell-side analysts predict that Black Hills Corporation will post 4.34 EPS for the current fiscal year.

Black Hills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a $0.703 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.81 annualized dividend and a dividend yield of 3.8%. Black Hills’s dividend payout ratio is presently 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.