Black Hills (NYSE:BKH) Price Target Raised to $87.00

Black Hills (NYSE:BKH) had its target price lifted by analysts at Bank of America from $78.00 to $87.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the utilities provider’s stock. Bank of America‘s price target indicates a potential upside of 16.24% from the stock’s current price.

Other research analysts have also issued reports about the company. Wall Street Zen lowered Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. BMO Capital Markets increased their target price on Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Siebert Williams Shank upgraded Black Hills from a “hold” rating to a “buy” rating and raised their target price for the stock from $79.00 to $82.00 in a report on Thursday, March 12th. Oppenheimer set a $78.00 target price on Black Hills in a research report on Thursday, June 11th. Finally, Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Black Hills presently has a consensus rating of “Buy” and an average target price of $82.67.

Black Hills Trading Up 2.1%

NYSE BKH traded up $1.57 during trading hours on Friday, hitting $74.85. The company’s stock had a trading volume of 514,050 shares, compared to its average volume of 1,001,601. The stock has a fifty day moving average of $73.40 and a 200 day moving average of $72.60. Black Hills has a twelve month low of $55.79 and a twelve month high of $78.69. The firm has a market capitalization of $5.70 billion, a P/E ratio of 19.49, a PEG ratio of 2.88 and a beta of 0.71. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.99.

Black Hills (NYSE:BKH) last announced 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). Black Hills had a net margin of 12.61% and a return on equity of 7.77%. The business had revenue of $780.70 million during the quarter, compared to the consensus estimate of $769.19 million. During the same period in the previous year, the business posted $1.87 earnings per share. Black Hills’s revenue was down 3.0% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts forecast that Black Hills will post 4.34 earnings per share for the current fiscal year.

Insider Transactions at Black Hills

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

Institutional Trading of Black Hills

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in Black Hills in the 3rd quarter valued at about $45,000. First Horizon Corp raised its stake in Black Hills by 192.8% in the fourth quarter. First Horizon Corp now owns 773 shares of the utilities provider’s stock valued at $54,000 after buying an additional 509 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Black Hills by 47.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 850 shares of the utilities provider’s stock valued at $59,000 after buying an additional 274 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Black Hills in the first quarter valued at approximately $67,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Black Hills by 44.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 317 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

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.