Black Hills Corporation (NYSE:BKH) Receives $82.67 Average Price Target from Brokerages

Shares of Black Hills Corporation (NYSE:BKH) have earned an average recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $82.6667.

BKH has been the subject of a number of analyst reports. LADENBURG THALM/SH SH assumed coverage on Black Hills in a report on Wednesday, April 1st. They issued a “buy” rating and a $77.00 price target for the company. BMO Capital Markets lifted their price objective on shares of Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Wall Street Zen lowered shares of Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings cut shares of Black Hills from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Finally, Oppenheimer set a $78.00 target price on shares of Black Hills in a research note on Thursday, June 11th.

Black Hills Trading Down 1.5%

NYSE:BKH opened at $74.66 on Wednesday. The business’s 50-day moving average is $73.47 and its two-hundred day moving average is $72.82. The firm has a market capitalization of $5.68 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 3.00 and a beta of 0.71. Black Hills has a 12 month low of $55.79 and a 12 month high of $78.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.53.

Black Hills (NYSE:BKH) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.09). Black Hills had a return on equity of 7.77% and a net margin of 12.61%.The company had revenue of $780.70 million during the quarter, compared to analysts’ expectations of $769.19 million. During the same period in the previous year, the company earned $1.87 EPS. Black Hills’s quarterly revenue was down 3.0% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts predict that Black Hills will post 4.34 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a dividend of $0.703 per share. The ex-dividend date was Friday, May 15th. This represents a $2.81 annualized dividend and a dividend yield of 3.8%. Black Hills’s dividend payout ratio (DPR) is currently 73.18%.

Insider Activity

In other news, Director Robert P. Otto sold 4,109 shares of Black Hills stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total transaction of $304,969.98. Following the sale, the director directly owned 10,886 shares of the company’s stock, valued at approximately $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Black Hills

Hedge funds have recently bought and sold shares of the business. Vista Investment Partners LLC purchased a new stake in Black Hills during the 2nd quarter worth approximately $409,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Black Hills by 64.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 15,018 shares of the utilities provider’s stock valued at $1,117,000 after purchasing an additional 5,864 shares in the last quarter. Bill Few Associates Inc. increased its stake in shares of Black Hills by 11.2% in the second quarter. Bill Few Associates Inc. now owns 4,258 shares of the utilities provider’s stock worth $317,000 after buying an additional 429 shares during the last quarter. GAMMA Investing LLC raised its holdings in Black Hills by 17.5% in the second quarter. GAMMA Investing LLC now owns 1,134 shares of the utilities provider’s stock valued at $84,000 after acquiring an additional 169 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new stake in Black Hills in the first quarter valued at $817,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

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.