Western Wealth Management LLC Invests $890,000 in Black Hills Corporation $BKH

Western Wealth Management LLC acquired a new stake in Black Hills Corporation (NYSE:BKH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,967 shares of the utilities provider’s stock, valued at approximately $890,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its stake in shares of Black Hills by 4.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,342 shares of the utilities provider’s stock valued at $232,000 after buying an additional 137 shares during the period. Meeder Advisory Services Inc. raised its holdings in Black Hills by 1.6% in the fourth quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider’s stock valued at $638,000 after acquiring an additional 145 shares in the last quarter. Van ECK Associates Corp lifted its stake in Black Hills by 0.6% in the third quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock worth $1,614,000 after acquiring an additional 154 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Black Hills by 11.5% in the fourth quarter. Farther Finance Advisors LLC now owns 1,516 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 156 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in Black Hills by 4.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,827 shares of the utilities provider’s stock worth $266,000 after acquiring an additional 168 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

Black Hills Stock Up 1.5%

Shares of NYSE BKH opened at $73.11 on Wednesday. The business has a 50-day moving average price of $73.66 and a 200 day moving average price of $73.14. The stock has a market cap of $5.57 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.85 and a beta of 0.71. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.99. Black Hills Corporation has a 52-week low of $58.06 and a 52-week high of $78.69.

Black Hills (NYSE:BKH) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.41 by $0.13. The company had revenue of $452.80 million for the quarter, compared to analyst estimates of $490.89 million. Black Hills had a return on equity of 7.98% and a net margin of 13.01%.The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts forecast that Black Hills Corporation will post 4.34 earnings per share for the current year.

Black Hills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.703 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.81 annualized dividend and a yield of 3.8%. Black Hills’s dividend payout ratio is 70.96%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BKH. Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. BMO Capital Markets cut their price target on Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Oppenheimer set a $78.00 price target on Black Hills in a report on Thursday, June 11th. Bank of America increased their price objective on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Weiss Ratings upgraded shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Black Hills currently has an average rating of “Buy” and a consensus target price of $81.67.

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.