Black Hills (NYSE:BKH) Issues FY 2026 Earnings Guidance

Black Hills (NYSE:BKH) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.250-4.450 for the period, compared to the consensus estimate of 4.330. The company issued revenue guidance of -.

Analysts Set New Price Targets

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

Black Hills Stock Down 1.0%

BKH stock opened at $71.55 on Thursday. Black Hills has a 52 week low of $58.06 and a 52 week high of $78.69. The business has a 50-day simple moving average of $73.33 and a 200 day simple moving average of $73.11. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. The company has a market cap of $5.45 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 2.86 and a beta of 0.71.

Black Hills (NYSE:BKH) last released its earnings results on Wednesday, August 5th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.41 by $0.13. The firm had revenue of $452.80 million for the quarter, compared to analyst estimates of $490.89 million. Black Hills had a net margin of 12.61% and a return on equity of 7.77%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts anticipate that Black Hills will post 4.34 EPS for the current fiscal year.

Black Hills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.703 per share. This represents a $2.81 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, August 17th. Black Hills’s payout ratio is currently 73.18%.

Insiders Place Their Bets

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total value of $304,969.98. Following the sale, the director owned 10,886 shares of the company’s stock, valued at approximately $807,958.92. This trade represents a 27.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.56% of the stock is owned by insiders.

Institutional Trading of Black Hills

Several large investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new position in shares of Black Hills in the third quarter worth about $45,000. Smartleaf Asset Management LLC increased its position in 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 purchasing an additional 274 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Black Hills by 44.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 317 shares during the last quarter. Parallel Advisors LLC lifted its stake in Black Hills by 42.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 352 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its position in Black Hills by 639.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,774 shares of the utilities provider’s stock valued at $123,000 after buying an additional 1,534 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

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.