Cohen & Steers Inc. Acquires 209,135 Shares of Black Hills Corporation $BKH

Cohen & Steers Inc. increased its holdings in Black Hills Corporation (NYSE:BKH) by 17.8% in the 4th quarter, Holdings Channel reports. The fund owned 1,385,759 shares of the utilities provider’s stock after buying an additional 209,135 shares during the quarter. Cohen & Steers Inc.’s holdings in Black Hills were worth $96,199,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BKH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Black Hills by 7.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider’s stock worth $2,596,000 after acquiring an additional 2,906 shares in the last quarter. NewEdge Advisors LLC grew its position in Black Hills by 83.2% during the 1st quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider’s stock valued at $203,000 after purchasing an additional 1,519 shares during the last quarter. Jones Financial Companies Lllp grew its position in Black Hills by 37.8% during the 1st quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock valued at $184,000 after purchasing an additional 834 shares during the last quarter. United Services Automobile Association purchased a new stake in Black Hills during the 1st quarter valued at about $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Black Hills by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,673 shares of the utilities provider’s stock valued at $8,168,000 after purchasing an additional 7,332 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors.

Black Hills Stock Performance

Shares of NYSE BKH opened at $73.36 on Friday. 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 company has a market cap of $5.58 billion, a PE ratio of 19.10, a PEG ratio of 2.84 and a beta of 0.72. The firm’s 50-day moving average price is $73.56 and its 200-day moving average price is $72.27. Black Hills Corporation has a 52-week low of $55.49 and a 52-week high of $78.69.

Black Hills (NYSE:BKH) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 7.77% and a net margin of 12.61%.The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.87 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts anticipate that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.8%. Black Hills’s dividend payout ratio (DPR) is presently 73.18%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Bank of America raised shares of Black Hills from a “neutral” rating to a “buy” rating and increased their price objective for the company from $76.00 to $78.00 in a research report on Thursday. Weiss Ratings downgraded shares of Black Hills from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Siebert Williams Shank raised shares of Black Hills from a “hold” rating to a “buy” rating and raised their price target for the company from $79.00 to $82.00 in a report on Thursday, March 12th. LADENBURG THALM/SH SH started coverage on shares of Black Hills in a report on Wednesday, April 1st. They set a “buy” rating and a $77.00 price target on the stock. Finally, Oppenheimer set a $78.00 price target on shares of Black Hills in a report on Thursday. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, Black Hills has an average rating of “Buy” and a consensus target price of $81.17.

Insider Activity

In related news, Director Robert P. Otto sold 4,109 shares of the firm’s 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 transaction, the director owned 10,886 shares of the company’s stock, valued at approximately $807,958.92. This trade represents a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.56% 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.