21,950 Shares in Black Hills Corporation $BKH Bought by Capital Financial Group Inc. Co. ADV

Capital Financial Group Inc. Co. ADV bought a new position in shares of Black Hills Corporation (NYSE:BKH) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 21,950 shares of the utilities provider’s stock, valued at approximately $1,524,000.

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

Insider Buying and Selling at Black Hills

In other news, Director Robert P. Otto sold 4,109 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total value of $304,969.98. Following the completion of the sale, the director directly owned 10,886 shares of the company’s stock, valued at approximately $807,958.92. The trade was a 27.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.56% of the company’s stock.

Black Hills Stock Up 0.1%

Black Hills stock opened at $73.55 on Tuesday. Black Hills Corporation has a fifty-two week low of $55.49 and a fifty-two week high of $78.69. 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 company has a market capitalization of $5.60 billion, a P/E ratio of 19.15, a PEG ratio of 2.91 and a beta of 0.72. The stock has a 50-day simple moving average of $73.61 and a 200-day simple moving average of $72.28.

Black Hills (NYSE:BKH) last posted its earnings results 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 net margin of 12.61% and a return on equity of 7.77%. The firm had revenue of $780.70 million during the quarter, compared to analysts’ expectations of $769.19 million. During the same period in the previous year, the firm posted $1.87 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts expect that Black Hills Corporation will post 4.34 earnings per share for the current year.

Black Hills Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a $0.703 dividend. This represents a $2.81 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, May 15th. Black Hills’s payout ratio is presently 73.18%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BKH shares. BMO Capital Markets upped their price objective on Black Hills from $84.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Wall Street Zen cut Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Oppenheimer set a $78.00 price objective on Black Hills in a research report on Thursday. Bank of America raised Black Hills from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $78.00 in a research report on Thursday, June 11th. Finally, LADENBURG THALM/SH SH started coverage on Black Hills in a research report on Wednesday, April 1st. They set a “buy” rating and a $77.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Black Hills currently has an average rating of “Buy” and an average price target of $81.17.

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.