Wealth Enhancement Advisory Services LLC Buys 712 Shares of Black Hills Corporation $BKH

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Black Hills Corporation (NYSE:BKH) by 9.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,630 shares of the utilities provider’s stock after acquiring an additional 712 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Black Hills were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Journey Strategic Wealth LLC increased its stake in shares of Black Hills by 4.1% in the first quarter. Journey Strategic Wealth LLC now owns 4,367 shares of the utilities provider’s stock worth $265,000 after buying an additional 172 shares during the period. Financial Counselors Inc. grew its holdings in Black Hills by 0.3% in the 1st quarter. Financial Counselors Inc. now owns 54,175 shares of the utilities provider’s stock worth $3,286,000 after acquiring an additional 176 shares during the last quarter. Xponance Inc. increased its position in shares of Black Hills by 1.9% in the first quarter. Xponance Inc. now owns 10,218 shares of the utilities provider’s stock valued at $620,000 after acquiring an additional 188 shares during the period. State of Michigan Retirement System raised its stake in shares of Black Hills by 1.2% during the first quarter. State of Michigan Retirement System now owns 17,100 shares of the utilities provider’s stock valued at $1,037,000 after acquiring an additional 200 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Black Hills by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock worth $1,219,000 after purchasing an additional 200 shares during the period. 86.71% of the stock is owned by hedge funds and other institutional investors.

Black Hills Stock Up 0.6%

Shares of Black Hills stock opened at $60.14 on Monday. Black Hills Corporation has a 1 year low of $54.92 and a 1 year high of $65.59. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 2.79 and a beta of 0.73. The company has a 50-day moving average of $59.61 and a 200 day moving average of $58.73. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.64 and a quick ratio of 0.49.

Black Hills (NYSE:BKH) last released its earnings results on Wednesday, July 30th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. Black Hills had a net margin of 12.68% and a return on equity of 7.81%. The firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $412.69 million. During the same period last year, the business earned $0.33 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. Black Hills has set its FY 2025 guidance at 4.000-4.200 EPS. As a group, sell-side analysts anticipate that Black Hills Corporation will post 4.12 earnings per share for the current fiscal year.

Black Hills Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a $0.676 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, August 18th. Black Hills’s dividend payout ratio is currently 68.01%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Bank of America upgraded Black Hills from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $57.00 to $64.00 in a report on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Black Hills in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $66.00.

Black Hills Profile

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.