Barnett & Company Inc. Grows Position in Black Hills Corporation $BKH

Barnett & Company Inc. raised its stake in shares of Black Hills Corporation (NYSE:BKH) by 105.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,400 shares of the utilities provider’s stock after acquiring an additional 14,600 shares during the period. Black Hills comprises approximately 1.4% of Barnett & Company Inc.’s investment portfolio, making the stock its 27th largest holding. Barnett & Company Inc.’s holdings in Black Hills were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of BKH. Spire Wealth Management raised its holdings in shares of Black Hills by 4,115.4% in the second quarter. Spire Wealth Management now owns 548 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 535 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in Black Hills in the 2nd quarter worth about $31,000. Smartleaf Asset Management LLC increased its stake in 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 last quarter. Blue Trust Inc. increased its stake 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 during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Black Hills by 44.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock worth $58,000 after buying an additional 317 shares in the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

Black Hills Stock Performance

Shares of BKH opened at $73.34 on Friday. Black Hills Corporation has a 1 year low of $54.92 and a 1 year high of $75.87. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.35 and a quick ratio of 1.11. The stock’s fifty day moving average price is $71.63 and its two-hundred day moving average price is $66.65. The firm has a market cap of $5.54 billion, a PE ratio of 18.43, a PEG ratio of 2.86 and a beta of 0.75.

Black Hills (NYSE:BKH) last announced its quarterly earnings data on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share for the quarter, topping 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%.The company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $1.37 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts forecast that Black Hills Corporation will post 4.12 EPS for the current year.

Black Hills Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Tuesday, February 17th will be issued a $0.703 dividend. This is a boost from Black Hills’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.81 annualized dividend and a yield of 3.8%. Black Hills’s payout ratio is 70.60%.

Wall Street Analysts Forecast Growth

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

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.