Black Hills Corporation (NYSE:BKH) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Black Hills Corporation (NYSE:BKH) have earned a consensus recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is $81.6667.

A number of research analysts have issued reports on the company. Oppenheimer set a $78.00 price target on Black Hills in a report on Thursday, June 11th. BMO Capital Markets cut their target price on shares of 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 boosted their target price on shares of Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Weiss Ratings raised shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Finally, Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th.

Insider Transactions at Black Hills

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

Institutional Investors Weigh In On Black Hills

A number of institutional investors have recently added to or reduced their stakes in the stock. Clearstead Trust LLC acquired a new position in Black Hills during the second quarter worth $34,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Black Hills in the second quarter valued at about $34,000. Advisory Services Network LLC acquired a new stake in shares of Black Hills in the third quarter valued at about $45,000. First Horizon Corp increased its stake in shares of Black Hills by 192.8% during the fourth quarter. First Horizon Corp now owns 773 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 509 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Black Hills during the second quarter worth about $56,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Black Hills Price Performance

Shares of NYSE BKH opened at $74.34 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.41 and a current ratio of 0.52. The company has a market cap of $5.67 billion, a PE ratio of 18.77, a P/E/G ratio of 2.94 and a beta of 0.71. The business has a 50-day simple moving average of $73.55 and a two-hundred day simple moving average of $73.15. Black Hills has a fifty-two week low of $58.06 and a fifty-two week high of $78.69.

Black Hills (NYSE:BKH) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The business had revenue of $452.80 million during the quarter, compared to analysts’ expectations of $490.89 million. During the same quarter last year, the company posted $0.38 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts expect that Black Hills will post 4.34 EPS for the current fiscal year.

Black Hills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.703 dividend. This represents a $2.81 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, August 17th. Black Hills’s payout ratio is currently 70.96%.

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.