Western Wealth Management LLC Purchases New Position in Black Hills Corporation $BKH

Western Wealth Management LLC purchased a new position in Black Hills Corporation (NYSE:BKH) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,764 shares of the utilities provider’s stock, valued at approximately $817,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Research Global Investors lifted its stake in shares of Black Hills by 38.7% in the 4th quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider’s stock valued at $157,995,000 after purchasing an additional 634,800 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Black Hills by 6,416.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 155,752 shares of the utilities provider’s stock worth $10,812,000 after purchasing an additional 153,362 shares during the period. Horizon Investments LLC grew its stake in Black Hills by 74.3% in the fourth quarter. Horizon Investments LLC now owns 34,523 shares of the utilities provider’s stock worth $2,397,000 after purchasing an additional 14,716 shares during the period. UBS Group AG raised its holdings in Black Hills by 86.5% in the fourth quarter. UBS Group AG now owns 572,227 shares of the utilities provider’s stock worth $39,724,000 after purchasing an additional 265,464 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. bought a new position in Black Hills in the fourth quarter worth $5,985,000. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Black Hills

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of Black Hills stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total value of $304,969.98. Following the completion of the transaction, the director directly owned 10,886 shares of the company’s stock, valued at approximately $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Black Hills Trading Up 1.2%

Black Hills stock opened at $74.03 on Friday. Black Hills Corporation has a 12 month low of $58.06 and a 12 month high of $78.69. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 2.89 and a beta of 0.71. The business’s fifty day simple moving average is $73.52 and its two-hundred day simple moving average is $73.14. 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 (NYSE:BKH) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.13. The firm had revenue of $452.80 million during the quarter, compared to the consensus estimate of $490.89 million. Black Hills had a return on equity of 7.98% and a net margin of 13.01%.The company’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts predict that Black Hills Corporation will post 4.34 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

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

Black Hills 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.