Brandywine Global Investment Management LLC Sells 8,500 Shares of Black Hills Corporation $BKH

Brandywine Global Investment Management LLC lowered its stake in shares of Black Hills Corporation (NYSE:BKH) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,017 shares of the utilities provider’s stock after selling 8,500 shares during the period. Brandywine Global Investment Management LLC’s holdings in Black Hills were worth $16,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of BKH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Black Hills by 7.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider’s stock worth $2,596,000 after purchasing an additional 2,906 shares during the last quarter. NewEdge Advisors LLC increased its position in Black Hills by 83.2% in the first quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider’s stock worth $203,000 after purchasing an additional 1,519 shares during the last quarter. Jones Financial Companies Lllp increased its position in Black Hills by 37.8% in the first quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock worth $184,000 after purchasing an additional 834 shares during the last quarter. United Services Automobile Association bought a new stake in Black Hills in the first quarter worth $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Black Hills by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,673 shares of the utilities provider’s stock worth $8,168,000 after purchasing an additional 7,332 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. BMO Capital Markets boosted their price target on shares of Black Hills from $84.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Siebert Williams Shank upgraded shares of Black Hills from a “hold” rating to a “buy” rating and boosted their price objective for the company from $79.00 to $82.00 in a research report on Thursday, March 12th. Weiss Ratings upgraded shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, May 21st. Finally, Bank of America boosted their price objective on shares of Black Hills from $72.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.40.

Black Hills Stock Down 0.7%

NYSE:BKH opened at $72.29 on Tuesday. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 2.88 and a beta of 0.72. Black Hills Corporation has a twelve month low of $55.49 and a twelve month high of $78.69. 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 stock has a fifty day simple moving average of $73.40 and a 200-day simple moving average of $72.24.

Black Hills (NYSE:BKH) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). The company had revenue of $780.70 million during the quarter, compared to the consensus estimate of $769.19 million. Black Hills had a return on equity of 7.77% and a net margin of 12.61%.The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts anticipate that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

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

Insider Activity at Black Hills

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total transaction of $304,969.98. Following the transaction, the director directly owned 10,886 shares in the company, valued at $807,958.92. This trade represents a 27.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.56% of the company’s stock.

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.