Allianz Asset Management GmbH Has $2.54 Million Stock Holdings in Black Hills Corporation $BKH

Allianz Asset Management GmbH lowered its holdings in shares of Black Hills Corporation (NYSE:BKH) by 15.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,295 shares of the utilities provider’s stock after selling 7,284 shares during the period. Allianz Asset Management GmbH owned approximately 0.06% of Black Hills worth $2,543,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp raised its holdings in Black Hills by 0.8% during the second quarter. State Street Corp now owns 3,841,615 shares of the utilities provider’s stock worth $215,515,000 after buying an additional 31,093 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Black Hills by 2.1% in the second quarter. Geode Capital Management LLC now owns 1,822,356 shares of the utilities provider’s stock worth $102,252,000 after purchasing an additional 36,818 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Black Hills by 59.3% in the second quarter. Franklin Resources Inc. now owns 1,045,165 shares of the utilities provider’s stock valued at $58,634,000 after purchasing an additional 388,936 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Black Hills by 1.2% during the second quarter. AQR Capital Management LLC now owns 899,103 shares of the utilities provider’s stock valued at $50,440,000 after buying an additional 10,691 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Black Hills by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 867,720 shares of the utilities provider’s stock valued at $48,679,000 after buying an additional 43,541 shares during the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BKH has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Black Hills in a research report on Monday, December 29th. BMO Capital Markets lifted their target price on Black Hills from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Scotiabank upgraded shares of Black Hills from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $66.00 to $81.00 in a research report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $76.33.

Black Hills Trading Up 0.3%

Shares of BKH opened at $72.62 on Thursday. The stock has a market capitalization of $5.48 billion, a P/E ratio of 18.24, a PEG ratio of 2.83 and a beta of 0.75. Black Hills Corporation has a twelve month low of $54.92 and a twelve month high of $75.87. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 1.10. The firm has a fifty day simple moving average of $71.27 and a two-hundred day simple moving average of $65.87.

Black Hills (NYSE:BKH) last posted its earnings results on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Black Hills had a net margin of 12.62% and a return on equity of 7.99%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $1.37 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts anticipate that Black Hills Corporation will post 4.12 EPS for the current year.

Black Hills Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.703 per share. This represents a $2.81 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, February 17th. This is an increase from Black Hills’s previous quarterly dividend of $0.68. Black Hills’s payout ratio is presently 67.84%.

About Black Hills

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.