Hsbc Holdings PLC Increases Holdings in Black Hills Corporation $BKH

Hsbc Holdings PLC boosted its position in Black Hills Corporation (NYSE:BKH) by 336.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 31,687 shares of the utilities provider’s stock after purchasing an additional 24,419 shares during the period. Hsbc Holdings PLC’s holdings in Black Hills were worth $2,175,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Meeder Advisory Services Inc. raised its stake in shares of Black Hills by 1.6% during the fourth 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 grew its holdings in shares of Black Hills by 0.6% during 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 during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Black Hills by 11.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,516 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 156 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in Black Hills by 4.6% in the 4th 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 during the period. Finally, Capital Financial Group Inc. Co. ADV raised its position in Black Hills by 0.8% in the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 22,121 shares of the utilities provider’s stock worth $1,535,000 after purchasing an additional 171 shares during the period. 86.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on BKH shares. LADENBURG THALM/SH SH began coverage on shares of Black Hills in a research report on Wednesday, April 1st. They set a “buy” rating and a $77.00 price target for the company. Oppenheimer set a $78.00 target price on Black Hills in a research note on Thursday, June 11th. Bank of America increased their target price on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a report on Friday, July 10th. Wall Street Zen lowered Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $81.67.

Insider Buying and Selling at Black Hills

In other news, Director Robert P. Otto sold 4,109 shares of Black Hills stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total value of $304,969.98. Following the sale, the director directly owned 10,886 shares in the company, valued at approximately $807,958.92. This trade represents a 27.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Black Hills Price Performance

BKH stock opened at $75.23 on Friday. The firm’s 50-day moving average price is $73.57 and its two-hundred day moving average price is $73.01. Black Hills Corporation has a 12-month low of $55.79 and a 12-month high of $78.69. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.98 and a beta of 0.71. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Black Hills (NYSE:BKH) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). The firm had revenue of $780.70 million for 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 revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts predict that Black Hills Corporation will post 4.34 earnings per share for the current year.

Black Hills Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $0.703 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.81 annualized dividend and a yield of 3.7%. Black Hills’s dividend payout ratio (DPR) is 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.