30,113 Shares in Black Hills Corporation $BKH Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co bought a new position in shares of Black Hills Corporation (NYSE:BKH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 30,113 shares of the utilities provider’s stock, valued at approximately $1,855,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Black Hills by 7.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider’s stock worth $2,596,000 after buying an additional 2,906 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Black Hills by 83.2% in the 1st 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 grew its stake in Black Hills by 37.8% during the 1st quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock worth $184,000 after buying an additional 834 shares during the last quarter. United Services Automobile Association purchased a new position in Black Hills during the 1st quarter worth $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Black Hills by 5.8% during the 1st 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 buying an additional 7,332 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.

Black Hills Trading Up 1.9%

Shares of NYSE:BKH opened at $75.69 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.11 and a debt-to-equity ratio of 1.23. Black Hills Corporation has a 12-month low of $54.92 and a 12-month high of $75.87. The business has a 50 day moving average of $72.32 and a two-hundred day moving average of $67.37. The company has a market capitalization of $5.71 billion, a PE ratio of 19.02, a PEG ratio of 2.93 and a beta of 0.75.

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, 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 7.95%. During the same quarter last year, the business posted $1.37 earnings per share. The business’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. As a group, analysts forecast that Black Hills Corporation will post 4.12 EPS for the current year.

Black Hills Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Tuesday, February 17th were given a dividend of $0.703 per share. This is a boost from Black Hills’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, February 17th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.7%. Black Hills’s payout ratio is 70.60%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BKH. Scotiabank raised Black Hills from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $66.00 to $81.00 in a report on Friday, November 7th. Wall Street Zen cut shares of Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. BMO Capital Markets upped their price target on shares of Black Hills from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Finally, Weiss Ratings reaffirmed 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.