Black Hills Corporation $BKH Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC raised its position in Black Hills Corporation (NYSE:BKH) by 178.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,562 shares of the utilities provider’s stock after acquiring an additional 11,263 shares during the period. Foundations Investment Advisors LLC’s holdings in Black Hills were worth $1,219,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of BKH. Smartleaf Asset Management LLC boosted its stake 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 acquiring an additional 328 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Black Hills in the third quarter valued at approximately $45,000. Clearstead Advisors LLC boosted its stake 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 acquiring an additional 699 shares in the last quarter. First Horizon Corp boosted its stake 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 acquiring an additional 509 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake 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 acquiring an additional 317 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Black Hills Trading Down 0.3%

NYSE:BKH opened at $72.84 on Friday. Black Hills Corporation has a 12 month low of $55.49 and a 12 month high of $78.69. The firm has a fifty day simple moving average of $73.04 and a 200-day simple moving average of $72.19. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $5.55 billion, a P/E ratio of 18.97, a PEG ratio of 2.88 and a beta of 0.74.

Black Hills (NYSE:BKH) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.79 EPS 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 company had revenue of $780.70 million for the quarter, compared to analyst estimates of $769.19 million. During the same quarter in the previous year, the firm posted $1.87 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts anticipate that Black Hills Corporation will post 4.34 earnings per share for the current year.

Black Hills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a dividend of $0.703 per share. This represents a $2.81 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, May 15th. Black Hills’s dividend payout ratio (DPR) is 73.18%.

Insider Activity

In related news, Director Robert P. Otto sold 4,109 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total transaction of $304,969.98. Following the completion of the transaction, the director owned 10,886 shares of the company’s stock, valued at $807,958.92. This trade represents a 27.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on BKH shares. Bank of America lifted their price objective on shares of Black Hills from $72.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Siebert Williams Shank upgraded shares of Black Hills from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $79.00 to $82.00 in a research note on Thursday, March 12th. Wall Street Zen downgraded shares of Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. BMO Capital Markets lifted their price objective on shares of Black Hills from $84.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Finally, LADENBURG THALM/SH SH started coverage on shares of Black Hills in a research note on Wednesday, April 1st. They set a “buy” rating and a $77.00 price objective for the company. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Black Hills has a consensus rating of “Moderate Buy” and an average target price of $81.40.

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.