Black Hills (NYSE:BKH) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Black Hills Corporation (NYSE:BKH)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $72.44 and traded as high as $75.59. Black Hills shares last traded at $75.1210, with a volume of 932,130 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BKH shares. LADENBURG THALM/SH SH assumed coverage on shares of Black Hills in a research report on Wednesday, April 1st. They set a “buy” rating and a $77.00 price target for the company. Weiss Ratings upgraded shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. Bank of America raised shares of Black Hills from a “neutral” rating to a “buy” rating and upped their price objective for the company from $76.00 to $78.00 in a research note on Thursday, June 11th. Oppenheimer set a $78.00 target price on shares of Black Hills in a report on Thursday, June 11th. Finally, Wall Street Zen cut Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $81.17.

Black Hills Stock Down 1.2%

The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.53. The stock has a market capitalization of $5.72 billion, a PE ratio of 19.56, a PEG ratio of 3.01 and a beta of 0.72. The company has a 50 day moving average price of $73.60 and a 200-day moving average price of $72.44.

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

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $0.703 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.81 annualized dividend and a yield of 3.7%. Black Hills’s dividend payout ratio is 73.18%.

Insider Activity at Black Hills

In other news, Director Robert P. Otto sold 4,109 shares of Black Hills stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total transaction of $304,969.98. Following the sale, the director 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Black Hills

Institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its holdings in Black Hills by 0.8% in the second quarter. State Street Corp now owns 3,841,615 shares of the utilities provider’s stock worth $215,515,000 after buying an additional 31,093 shares during the period. Capital Research Global Investors boosted its position in Black Hills by 38.7% during the 4th quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider’s stock valued at $157,995,000 after acquiring an additional 634,800 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Black Hills by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 1,894,539 shares of the utilities provider’s stock worth $131,548,000 after acquiring an additional 55,232 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in shares of Black Hills by 176.9% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,592,000 shares of the utilities provider’s stock worth $110,517,000 after acquiring an additional 1,017,000 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Black Hills by 3.2% in the 4th quarter. AQR Capital Management LLC now owns 1,418,384 shares of the utilities provider’s stock worth $98,464,000 after acquiring an additional 44,334 shares in the last quarter. 86.71% of the stock is owned by institutional investors.

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.