NTV Asset Management LLC Acquires New Position in Black Hills Corporation $BKH

NTV Asset Management LLC acquired a new stake in Black Hills Corporation (NYSE:BKH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,000 shares of the utilities provider’s stock, valued at approximately $561,000.

A number of other institutional investors also recently bought and sold shares of BKH. Clearstead Trust LLC purchased a new stake in Black Hills during the 2nd quarter worth approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Black Hills during the 2nd quarter valued at approximately $34,000. GK Wealth Management LLC acquired a new position in Black Hills during the 3rd quarter valued at approximately $44,000. Global Retirement Partners LLC purchased a new position in shares of Black Hills in the second quarter worth $56,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Black Hills in the second quarter worth $68,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BKH has been the subject of several research reports. Jefferies Financial Group initiated coverage on shares of Black Hills in a research note on Wednesday, October 14th. They set a “buy” rating and a $87.00 price objective for the company. Freedom Broker raised shares of Black Hills from a “hold” rating to a “buy” rating and boosted their price objective for the company from $69.00 to $78.00 in a report on Wednesday, October 7th. Bank of America upped their target price on Black Hills from $87.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, September 21st. Weiss Ratings restated a “buy (b)” rating on shares of Black Hills in a research note on Thursday. Finally, Wall Street Zen upgraded Black Hills from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $83.25.

Black Hills Trading Up 0.3%

Black Hills stock opened at $79.64 on Monday. The stock has a 50-day moving average price of $73.19 and a 200 day moving average price of $73.56. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 3.15 and a beta of 0.68. Black Hills Corporation has a 52 week low of $62.26 and a 52 week high of $79.86. 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 (NYSE:BKH) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.13. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The company had revenue of $452.80 million for the quarter, compared to the consensus estimate of $490.89 million. During the same quarter in the prior year, the company earned $0.38 EPS. Black Hills’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. Sell-side analysts anticipate that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a $0.7030 dividend. This represents a $2.81 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, August 17th. Black Hills’s dividend payout ratio is 70.96%.

About Black Hills

Black Hills Corporation (NYSE:BKH) is an energy company headquartered in Rapid City, South Dakota. Through its Black Hills Energy businesses, the company provides regulated electric and natural gas utility services to residential, commercial and industrial customers.

Black Hills operates electric utilities and natural gas distribution systems across parts of Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its activities include generating and purchasing electricity, transmitting and distributing power, distributing natural gas, and developing and maintaining the infrastructure needed to serve its utility customers.

The company traces its history to the Black Hills region and has expanded through the development and acquisition of utility operations in the central and western United States.