Cwm LLC Buys 3,106 Shares of Black Hills Corporation $BKH

Cwm LLC boosted its stake in Black Hills Corporation (NYSE:BKH) by 53.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,969 shares of the utilities provider’s stock after acquiring an additional 3,106 shares during the period. Cwm LLC’s holdings in Black Hills were worth $503,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Clearstead Trust LLC bought a new stake in Black Hills in the first quarter valued at approximately $30,000. IMA Advisory Services Inc. bought a new stake in Black Hills in the first quarter valued at approximately $30,000. GAMMA Investing LLC boosted its holdings in Black Hills by 59.2% in the first quarter. GAMMA Investing LLC now owns 605 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 225 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Black Hills in the second quarter valued at approximately $43,000. Finally, Hilltop National Bank bought a new stake in Black Hills in the second quarter valued at approximately $50,000. 86.71% of the stock is currently owned by institutional investors.

Black Hills Price Performance

Black Hills stock opened at $66.17 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.49 and a current ratio of 0.64. Black Hills Corporation has a 52-week low of $54.92 and a 52-week high of $66.26. The stock’s 50 day moving average price is $60.60 and its two-hundred day moving average price is $59.08. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 3.03 and a beta of 0.73.

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

Analysts Set New Price Targets

Several brokerages recently commented on BKH. Bank of America upgraded Black Hills from an “underperform” rating to a “neutral” rating and upped their target price for the company from $57.00 to $64.00 in a report on Wednesday, August 20th. Weiss Ratings restated a “hold (c)” rating on shares of Black Hills in a report on Friday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently 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.