Black Hills Corporation $BKH Stock Position Raised by Alps Advisors Inc.

Alps Advisors Inc. increased its holdings in shares of Black Hills Corporation (NYSE:BKH) by 79.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 32,720 shares of the utilities provider’s stock after buying an additional 14,464 shares during the period. Alps Advisors Inc.’s holdings in Black Hills were worth $2,015,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 purchasing an additional 2,906 shares during the period. 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 buying an additional 1,519 shares during the period. Jones Financial Companies Lllp lifted its stake 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 valued at $184,000 after buying an additional 834 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Black Hills during the first quarter valued at $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Black Hills by 5.8% during 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 valued at $8,168,000 after acquiring an additional 7,332 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Black Hills Stock Up 1.3%

BKH opened at $72.42 on Wednesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.67 and a current ratio of 0.91. The company has a market capitalization of $5.47 billion, a PE ratio of 18.20, a P/E/G ratio of 2.79 and a beta of 0.75. The stock’s fifty day moving average is $71.24 and its 200-day moving average is $65.82. Black Hills Corporation has a one year low of $54.92 and a one year high of $75.87.

Black Hills (NYSE:BKH) last released its earnings results on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Black Hills had a return on equity of 7.99% and a net margin of 12.62%.The firm had revenue of $635.50 million for the quarter, compared to analyst estimates of $809.88 million. During the same period in the previous year, the company earned $1.37 earnings per share. Black Hills’s revenue was up 6.4% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts predict that Black Hills Corporation will post 4.12 EPS for the current fiscal year.

Black Hills Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Tuesday, February 17th will be issued a $0.703 dividend. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, February 17th. This is an increase from Black Hills’s previous quarterly dividend of $0.68. Black Hills’s payout ratio is presently 67.84%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BKH. BMO Capital Markets lifted their price objective on shares of Black Hills from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday. Scotiabank upgraded shares of Black Hills from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $66.00 to $81.00 in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Black Hills in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.