11,764 Shares in Black Hills Corporation $BKH Bought by Western Wealth Management LLC

Western Wealth Management LLC purchased a new stake in Black Hills Corporation (NYSE:BKH) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,764 shares of the utilities provider’s stock, valued at approximately $817,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in shares of Black Hills by 109.2% in the 1st quarter. Bank of America Corp DE now owns 899,963 shares of the utilities provider’s stock worth $62,466,000 after purchasing an additional 469,733 shares during the last quarter. Edgestream Partners L.P. lifted its position in shares of Black Hills by 491.6% during the first quarter. Edgestream Partners L.P. now owns 81,492 shares of the utilities provider’s stock worth $5,656,000 after purchasing an additional 67,717 shares during the last quarter. Bull Harbor Capital LLC bought a new position in shares of Black Hills during the first quarter worth about $243,000. Arkadios Wealth Advisors grew its stake in Black Hills by 8.4% in the first quarter. Arkadios Wealth Advisors now owns 8,028 shares of the utilities provider’s stock worth $557,000 after purchasing an additional 621 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Black Hills by 21.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,479 shares of the utilities provider’s stock valued at $172,000 after buying an additional 440 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors.

Black Hills Stock Performance

BKH stock opened at $71.06 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.65. The stock’s fifty day moving average is $73.49 and its two-hundred day moving average is $73.11. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 2.82 and a beta of 0.71. Black Hills Corporation has a 1 year low of $56.31 and a 1 year high of $78.69.

Black Hills (NYSE:BKH) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.09). The company had revenue of $780.70 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.87 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts predict that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a $0.703 dividend. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, August 17th. Black Hills’s payout ratio is presently 73.18%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Robert P. Otto sold 4,109 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total transaction of $304,969.98. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

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.