Elo Mutual Pension Insurance Co Invests $1.86 Million in Black Hills Corporation $BKH

Elo Mutual Pension Insurance Co bought a new stake in shares of Black Hills Corporation (NYSE:BKH) during the third quarter, Holdings Channel reports. The fund bought 30,113 shares of the utilities provider’s stock, valued at approximately $1,855,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew 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 purchasing an additional 225,636 shares during the period. State Street Corp increased its stake in Black Hills by 0.8% during the 2nd quarter. State Street Corp now owns 3,841,615 shares of the utilities provider’s stock worth $215,515,000 after buying an additional 31,093 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Black Hills by 2.1% during the second quarter. Geode Capital Management LLC now owns 1,822,356 shares of the utilities provider’s stock valued at $102,252,000 after acquiring an additional 36,818 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Black Hills by 59.3% during the second quarter. Franklin Resources Inc. now owns 1,045,165 shares of the utilities provider’s stock valued at $58,634,000 after acquiring an additional 388,936 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Black Hills by 1.2% in the second quarter. AQR Capital Management LLC now owns 899,103 shares of the utilities provider’s stock valued at $50,440,000 after acquiring an additional 10,691 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Black Hills Trading Up 1.9%

BKH opened at $75.69 on Thursday. Black Hills Corporation has a one year low of $54.92 and a one year high of $75.87. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.11 and a current ratio of 1.35. The stock has a market capitalization of $5.71 billion, a PE ratio of 19.02, a P/E/G ratio of 2.93 and a beta of 0.75. The business’s 50 day moving average price is $72.32 and its 200 day moving average price is $67.37.

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

Black Hills Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Tuesday, February 17th were issued a $0.703 dividend. This is a boost from Black Hills’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, February 17th. This represents a $2.81 annualized dividend and a yield of 3.7%. Black Hills’s payout ratio is 70.60%.

Analyst Upgrades and Downgrades

BKH has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Black Hills in a research note on Monday, December 29th. Wall Street Zen cut shares of Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. BMO Capital Markets increased their target price on shares of Black Hills from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Finally, Scotiabank raised shares of Black Hills from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $66.00 to $81.00 in a research note on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Black Hills presently has an average rating of “Moderate Buy” and a consensus price target of $76.33.

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.