Sterling Capital Management LLC Sells 10,521 Shares of Black Hills Corporation $BKH

Sterling Capital Management LLC lessened its position in Black Hills Corporation (NYSE:BKH) by 68.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,802 shares of the utilities provider’s stock after selling 10,521 shares during the period. Sterling Capital Management LLC’s holdings in Black Hills were worth $333,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BKH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Black Hills by 7.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider’s stock valued at $2,596,000 after buying an additional 2,906 shares during the last quarter. NewEdge Advisors LLC grew its holdings in 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 during the last quarter. Jones Financial Companies Lllp increased its position in Black Hills by 37.8% in the 1st quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock valued at $184,000 after acquiring an additional 834 shares during the period. United Services Automobile Association acquired a new position in Black Hills in the 1st quarter valued at approximately $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 last quarter. 86.71% of the stock is currently owned by institutional investors.

Black Hills Price Performance

BKH stock opened at $73.64 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 2.92 and a beta of 0.71. The company’s fifty day simple moving average is $73.56 and its 200 day simple moving average is $72.49. Black Hills Corporation has a 12-month low of $55.79 and a 12-month high of $78.69.

Black Hills (NYSE:BKH) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). The business had revenue of $780.70 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts expect 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 was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $0.703 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, May 15th. Black Hills’s payout ratio is presently 73.18%.

Insiders Place Their Bets

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total value of $304,969.98. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Black Hills in a research note on Wednesday, April 1st. They issued a “buy” rating and a $77.00 price objective on the stock. Bank of America raised Black Hills from a “neutral” rating to a “buy” rating and increased their price target for the company from $76.00 to $78.00 in a research note on Thursday, June 11th. BMO Capital Markets lifted their price objective on Black Hills from $84.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 24th. Finally, Siebert Williams Shank raised shares of Black Hills from a “hold” rating to a “buy” rating and increased their target price for the company from $79.00 to $82.00 in a research report on Thursday, March 12th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $81.17.

About Black Hills

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.