Black Hills (NYSE:BKH) Director Sells $304,969.98 in Stock

Black Hills Corporation (NYSE:BKH) Director Robert Otto sold 4,109 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total transaction of $304,969.98. Following the sale, the director directly owned 10,886 shares in the company, valued at $807,958.92. This trade represents a 27.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Black Hills Trading Down 0.3%

Shares of NYSE:BKH opened at $72.84 on Friday. The company’s 50-day moving average price is $73.04 and its two-hundred day moving average price is $72.19. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.53. Black Hills Corporation has a one year low of $55.49 and a one year high of $78.69. The stock has a market capitalization of $5.55 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.88 and a beta of 0.74.

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 for the quarter, compared to the consensus estimate of $769.19 million. Black Hills had a return on equity of 7.77% and a net margin of 12.61%.The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts forecast that Black Hills Corporation will post 4.34 EPS for the current fiscal year.

Black Hills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a $0.703 dividend. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, May 15th. Black Hills’s dividend payout ratio is presently 73.18%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BKH. LADENBURG THALM/SH SH began coverage on shares of Black Hills in a report on Wednesday, April 1st. They issued a “buy” rating and a $77.00 target price on the stock. Siebert Williams Shank raised shares of Black Hills from a “hold” rating to a “buy” rating and upped their target price for the company from $79.00 to $82.00 in a report on Thursday, March 12th. Wall Street Zen cut shares of Black Hills from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Bank of America upped their target price on shares of Black Hills from $72.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Finally, Weiss Ratings raised shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, May 21st. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Black Hills by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 8,990,841 shares of the utilities provider’s stock valued at $553,746,000 after buying an additional 225,636 shares during the last quarter. State Street Corp lifted its holdings in shares of Black Hills by 0.8% during the 2nd quarter. State Street Corp now owns 3,841,615 shares of the utilities provider’s stock worth $215,515,000 after acquiring an additional 31,093 shares during the period. Capital Research Global Investors lifted its holdings in shares of Black Hills by 38.7% during the 4th quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider’s stock worth $157,995,000 after acquiring an additional 634,800 shares during the period. Geode Capital Management LLC lifted its stake in Black Hills by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,894,539 shares of the utilities provider’s stock valued at $131,548,000 after purchasing an additional 55,232 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in Black Hills by 176.9% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,592,000 shares of the utilities provider’s stock valued at $110,517,000 after purchasing an additional 1,017,000 shares during the last quarter. Institutional investors and hedge funds 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.