Quantbot Technologies LP Buys New Position in Black Hills Corporation $BKH

Quantbot Technologies LP bought a new stake in Black Hills Corporation (NYSE:BKH) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 12,741 shares of the utilities provider’s stock, valued at approximately $948,000.

Other hedge funds have also made changes to their positions in the company. Clearstead Trust LLC purchased a new position in shares of Black Hills in the second quarter valued at approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Black Hills in the 2nd quarter valued at approximately $34,000. Advisory Services Network LLC acquired a new position in shares of Black Hills in the third quarter worth $45,000. Global Retirement Partners LLC acquired a new position in shares of Black Hills in the second quarter worth $56,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Black Hills by 47.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 850 shares of the utilities provider’s stock worth $59,000 after acquiring an additional 274 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BKH shares. BMO Capital Markets lowered their target price on Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Oppenheimer set a $78.00 price objective on shares of Black Hills in a report on Thursday, June 11th. Finally, 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. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $81.67.

Black Hills Stock Performance

NYSE BKH opened at $73.70 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.99. Black Hills Corporation has a 52-week low of $58.06 and a 52-week high of $78.69. The business’s 50-day moving average price is $73.69 and its 200 day moving average price is $73.14. The firm has a market cap of $5.62 billion, a P/E ratio of 18.61, a P/E/G ratio of 2.89 and a beta of 0.71.

Black Hills (NYSE:BKH) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.41 by $0.13. Black Hills had a return on equity of 7.98% and a net margin of 13.01%.The firm had revenue of $452.80 million during the quarter, compared to the consensus estimate of $490.89 million. During the same period in the prior year, the business earned $0.38 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts expect that Black Hills Corporation will post 4.34 earnings per share for the current year.

Black Hills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.703 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, August 17th. Black Hills’s dividend payout ratio (DPR) is 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.