Assenagon Asset Management S.A. Takes $8.65 Million Position in Black Hills Corporation $BKH

Assenagon Asset Management S.A. acquired a new position in Black Hills Corporation (NYSE:BKH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 124,539 shares of the utilities provider’s stock, valued at approximately $8,645,000. Assenagon Asset Management S.A. owned about 0.17% of Black Hills at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Black Hills by 7.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider’s stock valued at $2,596,000 after acquiring an additional 2,906 shares during the period. NewEdge Advisors LLC raised its position in Black Hills by 83.2% in the first quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider’s stock worth $203,000 after purchasing an additional 1,519 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Black Hills by 37.8% during the first quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock worth $184,000 after purchasing an additional 834 shares during the period. United Services Automobile Association bought a new position in Black Hills during the first quarter worth about $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Black Hills by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,673 shares of the utilities provider’s stock valued at $8,168,000 after purchasing an additional 7,332 shares in the last quarter. 86.71% of the stock is owned by institutional investors.

Black Hills Stock Performance

Shares of NYSE:BKH opened at $68.64 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.11 and a debt-to-equity ratio of 1.20. Black Hills Corporation has a 1-year low of $54.92 and a 1-year high of $75.87. The stock has a market capitalization of $5.22 billion, a P/E ratio of 17.25, a P/E/G ratio of 2.70 and a beta of 0.75. The business has a 50-day moving average price of $72.35 and a two-hundred day moving average price of $68.59.

Black Hills (NYSE:BKH) last issued its 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 net margin of 12.62% and a return on equity of 7.91%. During the same period last year, the firm posted $1.37 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts predict that Black Hills Corporation will post 4.12 earnings per share for the current year.

Black Hills Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Tuesday, February 17th were issued a $0.703 dividend. This represents a $2.81 annualized dividend and a dividend yield of 4.1%. This is a boost from Black Hills’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, February 17th. Black Hills’s dividend payout ratio is currently 70.60%.

Analyst Upgrades and Downgrades

BKH has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Black Hills in a report on Monday, December 29th. BMO Capital Markets upped their target price on shares of Black Hills from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Siebert Williams Shank raised shares of Black Hills from a “hold” rating to a “buy” rating and lifted their price target for the company from $79.00 to $82.00 in a report on Thursday, March 12th. Finally, Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

Black Hills Company 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.