Analysts Set Expectations for Black Hills FY2025 Earnings

Black Hills Corporation (NYSE:BKH) – Equities research analysts at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for Black Hills in a research report issued to clients and investors on Friday, January 23rd. Scotiabank analyst A. Weisel now forecasts that the utilities provider will earn $4.08 per share for the year, down from their prior forecast of $4.12. Scotiabank currently has a “Sector Outperform” rating and a $81.00 target price on the stock. The consensus estimate for Black Hills’ current full-year earnings is $4.12 per share.

Black Hills (NYSE:BKH) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $430.20 million during the quarter, compared to analysts’ expectations of $439.96 million. Black Hills had a return on equity of 7.86% and a net margin of 12.54%.The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Black Hills in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

Black Hills Stock Down 1.1%

Shares of NYSE:BKH opened at $71.62 on Monday. Black Hills has a 52-week low of $54.92 and a 52-week high of $74.02. The stock has a market cap of $5.22 billion, a P/E ratio of 18.09, a PEG ratio of 3.15 and a beta of 0.75. The business has a fifty day moving average of $70.86 and a two-hundred day moving average of $64.48. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 1.10.

Black Hills Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.676 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.70 annualized dividend and a yield of 3.8%. Black Hills’s dividend payout ratio (DPR) is 68.18%.

Insider Buying and Selling

In other news, CFO Kimberly F. Nooney sold 14,500 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $70.70, for a total value of $1,025,150.00. Following the transaction, the chief financial officer owned 34,621 shares of the company’s stock, valued at $2,447,704.70. This represents a 29.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.63% of the stock is owned by corporate insiders.

Institutional Trading of Black Hills

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp raised its stake in Black Hills by 0.6% in the 3rd quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock valued at $1,614,000 after purchasing an additional 154 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Black Hills by 11.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,516 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 156 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Black Hills by 37.8% during the third quarter. Blue Trust Inc. now owns 641 shares of the utilities provider’s stock worth $39,000 after buying an additional 176 shares in the last quarter. Lesa Sroufe & Co raised its position in shares of Black Hills by 0.5% in the third quarter. Lesa Sroufe & Co now owns 45,833 shares of the utilities provider’s stock valued at $2,823,000 after buying an additional 216 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Black Hills by 2.5% in the second quarter. Osaic Holdings Inc. now owns 9,068 shares of the utilities provider’s stock valued at $509,000 after buying an additional 222 shares during the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

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.