Black Hills (NYSE:BKH) Releases FY 2026 Earnings Guidance

Black Hills (NYSE:BKH) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.250-4.450 for the period, compared to the consensus estimate of 4.340. The company issued revenue guidance of -.

Black Hills Price Performance

BKH traded down $0.29 during trading on Wednesday, hitting $73.75. The company’s stock had a trading volume of 1,341,714 shares, compared to its average volume of 1,037,535. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 3.19 and a beta of 0.75. The firm’s 50 day moving average price is $71.22 and its two-hundred day moving average price is $65.26. Black Hills has a 12 month low of $54.92 and a 12 month high of $74.99.

Black Hills (NYSE:BKH) last announced its earnings results on Wednesday, February 4th. The utilities provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.04). Black Hills had a return on equity of 7.86% and a net margin of 12.54%.Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts forecast that Black Hills will post 4.12 earnings per share for the current fiscal year.

Black Hills Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.703 per share. The ex-dividend date is Tuesday, February 17th. This is a positive change from Black Hills’s previous quarterly dividend of $0.68. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.8%. Black Hills’s dividend payout ratio (DPR) is currently 68.18%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BKH. BMO Capital Markets boosted their price objective on shares of Black Hills from $70.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Black Hills in a research report on Monday, December 29th. Finally, Scotiabank raised Black Hills from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $66.00 to $81.00 in a report on Friday, November 7th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.67.

Insiders Place Their Bets

In other Black Hills news, CFO Kimberly F. Nooney sold 14,500 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $70.70, for a total transaction of $1,025,150.00. Following the transaction, the chief financial officer owned 34,621 shares in the company, valued at approximately $2,447,704.70. This trade represents a 29.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BKH. Zimmer Partners LP raised its holdings in shares of Black Hills by 2,100.0% during the third quarter. Zimmer Partners LP now owns 1,100,020 shares of the utilities provider’s stock worth $67,750,000 after acquiring an additional 1,050,020 shares during the period. Balyasny Asset Management L.P. increased its holdings in Black Hills by 10,853.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 664,080 shares of the utilities provider’s stock worth $40,901,000 after purchasing an additional 658,017 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Black Hills by 52.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,374,050 shares of the utilities provider’s stock valued at $84,628,000 after purchasing an additional 474,947 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Black Hills by 220.7% in the third quarter. Two Sigma Investments LP now owns 525,653 shares of the utilities provider’s stock valued at $32,375,000 after purchasing an additional 361,751 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of Black Hills in the third quarter valued at about $9,141,000. Institutional investors own 86.71% of the company’s stock.

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.