Brokerages Set Black Hills Corporation (NYSE:BKH) PT at $82.67

Shares of Black Hills Corporation (NYSE:BKH) have been given a consensus rating of “Buy” by the six analysts that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is $82.6667.

Several analysts have recently issued reports on BKH shares. Weiss Ratings cut Black Hills from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Oppenheimer set a $78.00 price target on Black Hills in a report on Thursday, June 11th. LADENBURG THALM/SH SH began coverage on Black Hills in a research report on Wednesday, April 1st. They issued a “buy” rating and a $77.00 price target on the stock. BMO Capital Markets lifted their price objective on Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen cut Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th.

Black Hills Price Performance

Shares of BKH opened at $74.66 on Wednesday. The company has a market cap of $5.68 billion, a P/E ratio of 19.44, a PEG ratio of 2.95 and a beta of 0.71. Black Hills has a fifty-two week low of $55.79 and a fifty-two week high of $78.69. 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’s 50 day moving average price is $73.47 and its 200 day moving average price is $72.84.

Black Hills (NYSE:BKH) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.79 EPS for the quarter, missing the consensus estimate 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 net margin of 12.61% and a return on equity of 7.77%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.87 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts forecast that Black Hills will post 4.34 earnings per share for the current fiscal year.

Black Hills Announces Dividend

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

Insider Transactions at Black Hills

In related news, Director Robert P. Otto sold 4,109 shares of Black Hills stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total value of $304,969.98. Following the completion of the transaction, the director owned 10,886 shares in the company, valued at $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Black Hills

Large investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of Black Hills during the 3rd quarter worth $45,000. First Horizon Corp increased its holdings in Black Hills by 192.8% in the fourth quarter. First Horizon Corp now owns 773 shares of the utilities provider’s stock valued at $54,000 after buying an additional 509 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Black Hills by 47.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 850 shares of the utilities provider’s stock valued at $59,000 after buying an additional 274 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Black Hills in the first quarter valued at $67,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Black Hills by 44.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock worth $58,000 after buying an additional 317 shares during the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

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.