ProShare Advisors LLC Acquires 71,963 Shares of Black Hills Corporation $BKH

ProShare Advisors LLC lifted its stake in shares of Black Hills Corporation (NYSE:BKH) by 10.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 736,014 shares of the utilities provider’s stock after buying an additional 71,963 shares during the quarter. ProShare Advisors LLC owned about 1.01% of Black Hills worth $45,331,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Spire Wealth Management grew its holdings in Black Hills by 4,115.4% in the second quarter. Spire Wealth Management now owns 548 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 535 shares during the period. TD Waterhouse Canada Inc. bought a new position in shares of Black Hills during the 2nd quarter worth about $31,000. Smartleaf Asset Management LLC grew its stake in shares of Black Hills by 132.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 576 shares of the utilities provider’s stock valued at $35,000 after buying an additional 328 shares during the period. Blue Trust Inc. increased its position in Black Hills by 37.8% in the 3rd quarter. Blue Trust Inc. now owns 641 shares of the utilities provider’s stock valued at $39,000 after buying an additional 176 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Black Hills in the 2nd quarter valued at about $43,000. Institutional investors own 86.71% of the company’s stock.

Analyst Ratings Changes

BKH has been the subject of a number of research reports. BMO Capital Markets raised their price objective on Black Hills to $84.00 and gave the company an “outperform” rating in a research note on Monday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Black Hills in a report on Monday, December 29th. Finally, Scotiabank upgraded shares of Black Hills from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $66.00 to $81.00 in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.33.

Black Hills Stock Down 1.1%

Shares of NYSE:BKH opened at $71.51 on Tuesday. The business’s 50 day moving average is $71.22 and its 200 day moving average is $65.71. Black Hills Corporation has a 12-month low of $54.92 and a 12-month high of $75.87. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 3.17 and a beta of 0.75. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 1.10.

Black Hills (NYSE:BKH) last issued its quarterly earnings data on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The business had revenue of $635.50 million for the quarter, compared to analysts’ expectations of $809.88 million. Black Hills had a return on equity of 7.99% and a net margin of 12.62%.The business’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $1.37 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts forecast that Black Hills Corporation will post 4.12 earnings per share for the current fiscal year.

Black Hills Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Tuesday, February 17th will be paid a $0.703 dividend. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, February 17th. This is a boost from Black Hills’s previous quarterly dividend of $0.68. Black Hills’s dividend payout ratio (DPR) is presently 67.84%.

Black Hills 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.