Black Hills (NYSE:BKH) Stock Passes Above 200 Day Moving Average – Here’s Why

Black Hills Corporation (NYSE:BKH) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $71.75 and traded as high as $74.11. Black Hills shares last traded at $73.3480, with a volume of 733,127 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen cut Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Bank of America boosted their price target on Black Hills from $72.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. BMO Capital Markets boosted their target price on Black Hills from $84.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. LADENBURG THALM/SH SH initiated coverage on Black Hills in a report on Wednesday, April 1st. They issued a “buy” rating and a $77.00 target price for the company. Finally, Siebert Williams Shank upgraded Black Hills from a “hold” rating to a “buy” rating and boosted their target price for the stock from $79.00 to $82.00 in a report on Thursday, March 12th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Black Hills currently has an average rating of “Moderate Buy” and an average target price of $81.40.

Black Hills Stock Up 0.5%

The business has a 50 day moving average of $72.71 and a 200 day moving average of $71.90. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.53. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 2.92 and a beta of 0.74.

Black Hills (NYSE:BKH) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). The firm had revenue of $780.70 million during the quarter, compared to analyst estimates of $769.19 million. Black Hills had a net margin of 12.61% and a return on equity of 7.77%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts anticipate that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a $0.703 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, May 15th. Black Hills’s dividend payout ratio is 73.18%.

Institutional Trading of Black Hills

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Black Hills by 2.6% in the third quarter. Vanguard Group Inc. now owns 8,990,841 shares of the utilities provider’s stock valued at $553,746,000 after acquiring an additional 225,636 shares during the period. State Street Corp grew its position in Black Hills by 0.8% in the second quarter. State Street Corp now owns 3,841,615 shares of the utilities provider’s stock valued at $215,515,000 after acquiring an additional 31,093 shares during the period. Capital Research Global Investors grew its position in Black Hills by 38.7% in the fourth quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider’s stock valued at $157,995,000 after acquiring an additional 634,800 shares during the period. Geode Capital Management LLC grew its position in Black Hills by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 1,894,539 shares of the utilities provider’s stock valued at $131,548,000 after acquiring an additional 55,232 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its position in Black Hills by 176.9% in the fourth 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 acquiring an additional 1,017,000 shares during the period. 86.71% of the stock is currently owned by institutional investors.

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.