HighTower Advisors LLC Buys 91,120 Shares of Black Hills Corporation $BKH

HighTower Advisors LLC lifted its stake in shares of Black Hills Corporation (NYSE:BKH) by 48.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,659 shares of the utilities provider’s stock after acquiring an additional 91,120 shares during the period. HighTower Advisors LLC owned approximately 0.38% of Black Hills worth $19,345,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in Black Hills by 132.3% in the third quarter. Smartleaf Asset Management LLC now owns 576 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 328 shares in the last quarter. Advisory Services Network LLC bought a new position in Black Hills in the third quarter valued at $45,000. First Horizon Corp grew its position in Black Hills by 192.8% in the fourth quarter. First Horizon Corp now owns 773 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 509 shares in the last quarter. Clearstead Advisors LLC grew its position in Black Hills by 884.8% in the third quarter. Clearstead Advisors LLC now owns 778 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 699 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Black Hills by 44.0% in 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 in the last quarter. Institutional investors own 86.71% of the company’s stock.

Black Hills Stock Performance

NYSE BKH opened at $74.31 on Friday. The firm has a 50-day moving average of $72.80 and a 200-day moving average of $71.92. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.65. The stock has a market cap of $5.66 billion, a PE ratio of 19.35, a P/E/G ratio of 2.94 and a beta of 0.74. Black Hills Corporation has a 52-week low of $55.49 and a 52-week high of $78.69.

Black Hills (NYSE:BKH) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.09). Black Hills had a return on equity of 7.77% and a net margin of 12.61%.The business had revenue of $780.70 million during the quarter, compared to analyst estimates of $769.19 million. During the same quarter last year, the firm earned $1.87 EPS. Black Hills’s revenue for the quarter 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 anticipate that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a $0.703 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.81 annualized dividend and a yield of 3.8%. Black Hills’s payout ratio is 73.18%.

Analyst Upgrades and Downgrades

BKH has been the subject of a number of analyst reports. BMO Capital Markets raised their target price on shares of Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Siebert Williams Shank raised shares of Black Hills from a “hold” rating to a “buy” rating and raised their target price for the company from $79.00 to $82.00 in a research report on Thursday, March 12th. Weiss Ratings raised shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. LADENBURG THALM/SH SH initiated coverage on shares of Black Hills in a research report on Wednesday, April 1st. They issued a “buy” rating and a $77.00 target price for the company. Finally, Wall Street Zen downgraded shares of Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.40.

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.