Black Hills (NYSE:BKH) Earns Buy Rating from Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH started coverage on shares of Black Hills (NYSE:BKH) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating and a $77.00 price target on the utilities provider’s stock. LADENBURG THALM/SH SH’s price objective indicates a potential upside of 11.16% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. BMO Capital Markets lifted their target price on Black Hills from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Black Hills in a research report on Friday. Finally, Siebert Williams Shank raised Black Hills from a “hold” rating to a “buy” rating and upped their price target for the company from $79.00 to $82.00 in a research note on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.60.

Black Hills Trading Up 0.2%

BKH opened at $69.27 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.11 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.27 billion, a PE ratio of 17.40, a PEG ratio of 2.73 and a beta of 0.75. Black Hills has a 1-year low of $54.92 and a 1-year high of $75.87. The firm has a 50-day moving average price of $72.20 and a two-hundred day moving average price of $68.87.

Black Hills (NYSE:BKH) last announced its earnings results on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Black Hills had a net margin of 12.62% and a return on equity of 7.91%. During the same quarter last year, the business earned $1.37 EPS. Black Hills’s revenue for the quarter was up 6.4% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts anticipate that Black Hills will post 4.12 earnings per share for the current fiscal year.

Institutional Trading of Black Hills

Several institutional investors and hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its stake in shares of Black Hills by 132.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 576 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 328 shares during the period. Blue Trust Inc. increased its holdings in Black Hills by 37.8% in the third quarter. Blue Trust Inc. now owns 641 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 176 shares during the last quarter. Advisory Services Network LLC bought a new stake in Black Hills in the third quarter valued at about $45,000. Clearstead Advisors LLC lifted its stake in Black Hills by 884.8% in the third quarter. Clearstead Advisors LLC now owns 778 shares of the utilities provider’s stock valued at $48,000 after buying an additional 699 shares during the period. Finally, First Horizon Corp lifted its stake 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 period. Institutional investors own 86.71% of the company’s stock.

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.