Envestnet Asset Management Inc. Buys 10,040 Shares of Black Hills Corporation $BKH

Envestnet Asset Management Inc. raised its position in shares of Black Hills Corporation (NYSE:BKH) by 19.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,708 shares of the utilities provider’s stock after acquiring an additional 10,040 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of Black Hills worth $3,801,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Spire Wealth Management lifted its holdings in Black Hills by 4,115.4% during the 2nd 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 last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Black Hills during the second quarter worth $31,000. Blue Trust Inc. boosted its position in shares of Black Hills by 37.8% in the third quarter. Blue Trust Inc. now owns 641 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 176 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Black Hills by 44.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 317 shares during the period. Finally, Westfuller Advisors LLC acquired a new position in shares of Black Hills in the third quarter valued at about $84,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on BKH shares. Wall Street Zen downgraded shares of Black Hills from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Black Hills in a research note on Monday, December 29th. Scotiabank raised Black Hills from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $66.00 to $81.00 in a research report on Friday, November 7th. Finally, BMO Capital Markets lifted their price objective on Black Hills from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Black Hills presently has an average rating of “Moderate Buy” and an average price target of $76.33.

Black Hills Stock Up 0.3%

NYSE BKH opened at $73.67 on Wednesday. The business has a fifty day moving average price of $71.72 and a two-hundred day moving average price of $66.88. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.35 and a quick ratio of 1.11. Black Hills Corporation has a fifty-two week low of $54.92 and a fifty-two week high of $75.87. The stock has a market capitalization of $5.56 billion, a PE ratio of 18.51, a PEG ratio of 2.87 and a beta of 0.75.

Black Hills (NYSE:BKH) last issued its quarterly earnings results on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Black Hills had a return on equity of 7.95% and a net margin of 12.62%.During the same period last year, the business posted $1.37 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts expect that Black Hills Corporation will post 4.12 earnings per share for the current fiscal year.

Black Hills Increases Dividend

The business also recently declared 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 3.8%. The ex-dividend date is Tuesday, February 17th. This is an increase from Black Hills’s previous quarterly dividend of $0.68. Black Hills’s dividend payout ratio is 70.60%.

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.