Black Hills Corporation $BKH is Paradiem LLC’s 6th Largest Position

Paradiem LLC reduced its holdings in shares of Black Hills Corporation (NYSE:BKH) by 4.2% during the first quarter, HoldingsChannel.com reports. The fund owned 224,868 shares of the utilities provider’s stock after selling 9,819 shares during the quarter. Black Hills makes up approximately 3.4% of Paradiem LLC’s investment portfolio, making the stock its 6th largest position. Paradiem LLC’s holdings in Black Hills were worth $15,608,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Zimmer Partners LP grew its stake in Black Hills by 2,100.0% in the 3rd quarter. Zimmer Partners LP now owns 1,100,020 shares of the utilities provider’s stock valued at $67,750,000 after purchasing an additional 1,050,020 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in shares of Black Hills by 176.9% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,592,000 shares of the utilities provider’s stock worth $110,517,000 after purchasing an additional 1,017,000 shares during the period. Engineers Gate Manager LP raised its stake in shares of Black Hills by 17,790.3% during the 4th quarter. Engineers Gate Manager LP now owns 849,073 shares of the utilities provider’s stock worth $58,943,000 after purchasing an additional 844,327 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of Black Hills by 10,853.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 664,080 shares of the utilities provider’s stock worth $40,901,000 after buying an additional 658,017 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Black Hills by 38.7% in the 4th quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider’s stock worth $157,995,000 after buying an additional 634,800 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on BKH. Oppenheimer set a $78.00 price objective on shares of Black Hills in a report on Thursday, June 11th. Weiss Ratings downgraded shares of Black Hills from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. BMO Capital Markets raised their price target on shares of Black Hills from $84.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. LADENBURG THALM/SH SH started coverage on shares of Black Hills in a report on Wednesday, April 1st. They issued a “buy” rating and a $77.00 price target on the stock. Finally, Wall Street Zen downgraded Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Black Hills has an average rating of “Buy” and an average target price of $82.67.

Insider Buying and Selling

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 completion of the transaction, the director directly owned 10,886 shares of the company’s stock, valued at approximately $807,958.92. This trade represents a 27.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.

Black Hills Trading Down 0.1%

Shares of BKH opened at $75.14 on Monday. Black Hills Corporation has a fifty-two week low of $55.79 and a fifty-two week high of $78.69. The business has a 50-day moving average of $73.42 and a 200 day moving average of $72.64. The firm has a market cap of $5.72 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.65.

Black Hills (NYSE:BKH) last released its quarterly earnings data 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 analysts’ expectations of $769.19 million. Black Hills had a net margin of 12.61% and a return on equity of 7.77%. Black Hills’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts forecast that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a dividend of $0.703 per share. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, May 15th. Black Hills’s dividend payout ratio is presently 73.18%.

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.