Black Hills (NYSE:BKH) Raised to “Buy” at Siebert Williams Shank

Black Hills (NYSE:BKH) was upgraded by stock analysts at Siebert Williams Shank from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a $82.00 target price on the utilities provider’s stock, up from their prior target price of $79.00. Siebert Williams Shank’s price objective would indicate a potential upside of 13.26% from the company’s current price.

BKH has been the topic of several other reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Black Hills in a report on Monday, December 29th. BMO Capital Markets lifted their price objective on Black Hills from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Finally, Wall Street Zen raised Black Hills from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.75.

Black Hills Stock Performance

BKH opened at $72.40 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.11 and a debt-to-equity ratio of 1.23. Black Hills has a 12-month low of $54.92 and a 12-month high of $75.87. The firm has a 50 day moving average of $72.68 and a two-hundred day moving average of $67.90. The firm has a market capitalization of $5.46 billion, a PE ratio of 18.19, a P/E/G ratio of 2.79 and a beta of 0.75.

Black Hills (NYSE:BKH) last released its quarterly earnings data on Wednesday, February 4th. The utilities provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. Black Hills had a net margin of 12.62% and a return on equity of 7.95%. Black Hills’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.37 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts anticipate that Black Hills will post 4.12 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKH. Meeder Advisory Services Inc. boosted its stake in shares of Black Hills by 1.6% during the 4th quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider’s stock worth $638,000 after acquiring an additional 145 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Black Hills by 0.6% in the 3rd quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock valued at $1,614,000 after purchasing an additional 154 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Black Hills by 11.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,516 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 156 shares during the period. Concurrent Investment Advisors LLC boosted its position in Black Hills by 4.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 3,827 shares of the utilities provider’s stock worth $266,000 after purchasing an additional 168 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its position in Black Hills by 2.4% during the fourth quarter. Arkadios Wealth Advisors now owns 7,407 shares of the utilities provider’s stock worth $514,000 after purchasing an additional 172 shares in the last quarter. Hedge funds and other 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.