Black Hills (NYSE:BKH) Downgraded to “Sell” Rating by Wall Street Zen

Black Hills (NYSE:BKH) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other brokerages have also recently commented on BKH. Scotiabank upgraded shares of Black Hills from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $66.00 to $81.00 in a research note on Friday, November 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Black Hills in a report on Monday, December 29th. Finally, BMO Capital Markets upped their price target on shares of Black Hills from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $76.33.

Black Hills Stock Performance

Shares of BKH opened at $74.03 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.35. The stock has a 50-day moving average of $71.41 and a two-hundred day moving average of $66.04. The stock has a market cap of $5.59 billion, a P/E ratio of 18.60, a P/E/G ratio of 2.86 and a beta of 0.75. Black Hills has a one year low of $54.92 and a one year high of $75.87.

Black Hills (NYSE:BKH) last announced its quarterly earnings data on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Black Hills had a return on equity of 7.95% and a net margin of 12.62%.The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts predict that Black Hills will post 4.12 EPS for the current year.

Hedge Funds Weigh In On Black Hills

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Black Hills by 2.6% in the third quarter. Vanguard Group Inc. now owns 8,990,841 shares of the utilities provider’s stock valued at $553,746,000 after buying an additional 225,636 shares in the last quarter. State Street Corp grew its stake in Black Hills by 0.8% in the 2nd quarter. State Street Corp now owns 3,841,615 shares of the utilities provider’s stock valued at $215,515,000 after acquiring an additional 31,093 shares during the period. Capital Research Global Investors increased its holdings in 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 worth $157,995,000 after acquiring an additional 634,800 shares in the last quarter. Geode Capital Management LLC raised its position in Black Hills by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,894,539 shares of the utilities provider’s stock worth $131,548,000 after acquiring an additional 55,232 shares during the period. Finally, Cohen & Steers Inc. raised its position in Black Hills by 17.8% during the fourth quarter. Cohen & Steers Inc. now owns 1,385,759 shares of the utilities provider’s stock worth $96,199,000 after acquiring an additional 209,135 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

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.