Hilltop Holdings Inc. Acquires Shares of 6,710 Black Hills Corporation $BKH

Hilltop Holdings Inc. acquired a new position in Black Hills Corporation (NYSE:BKH) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,710 shares of the utilities provider’s stock, valued at approximately $466,000.

Several other hedge funds have also modified their holdings of BKH. Advisory Services Network LLC purchased a new position in Black Hills during the third quarter worth approximately $45,000. First Horizon Corp increased its position in shares of 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 in the last quarter. Geneos Wealth Management Inc. raised 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 buying an additional 317 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Black Hills by 47.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 850 shares of the utilities provider’s stock worth $59,000 after buying an additional 274 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of Black Hills during the 1st quarter valued at approximately $67,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings raised shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. BMO Capital Markets decreased their price objective on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Oppenheimer set a $78.00 target price on shares of Black Hills in a research report on Thursday, June 11th. Bank of America boosted their target price on shares of Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Wall Street Zen downgraded shares of Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $81.67.

Black Hills Stock Performance

Shares of NYSE:BKH opened at $74.69 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.53. Black Hills Corporation has a 1 year low of $55.79 and a 1 year high of $78.69. The firm has a market capitalization of $5.69 billion, a PE ratio of 19.45, a P/E/G ratio of 2.98 and a beta of 0.71. The business’s 50 day moving average price is $73.59 and its 200-day moving average price is $73.07.

Black Hills (NYSE:BKH) last posted 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 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 firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period 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 research analysts expect that Black Hills Corporation will post 4.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Black Hills

In related news, Director Robert P. Otto sold 4,109 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total transaction of $304,969.98. Following the transaction, the director directly owned 10,886 shares in the company, valued at approximately $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company’s stock.

About Black Hills

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.