Algert Global LLC Grows Stock Position in Black Hills Corporation $BKH

Algert Global LLC lifted its stake in Black Hills Corporation (NYSE:BKH) by 246.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,604 shares of the utilities provider’s stock after buying an additional 85,840 shares during the quarter. Algert Global LLC owned approximately 0.17% of Black Hills worth $7,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKH. Vanguard Group Inc. lifted its stake in shares of Black Hills by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 8,990,841 shares of the utilities provider’s stock valued at $553,746,000 after purchasing an additional 225,636 shares during the period. State Street Corp boosted its stake in shares of Black Hills by 0.8% during the 2nd quarter. State Street Corp now owns 3,841,615 shares of the utilities provider’s stock worth $215,515,000 after acquiring an additional 31,093 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Black Hills by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,822,356 shares of the utilities provider’s stock valued at $102,252,000 after acquiring an additional 36,818 shares during the period. AQR Capital Management LLC grew its position in shares of Black Hills by 52.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,374,050 shares of the utilities provider’s stock valued at $84,628,000 after acquiring an additional 474,947 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Black Hills by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the utilities provider’s stock valued at $67,704,000 after purchasing an additional 21,922 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BKH shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Black Hills in a research report on Monday, December 29th. Wall Street Zen upgraded Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. BMO Capital Markets upped their target price on Black Hills from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Finally, Siebert Williams Shank upgraded Black Hills from a “hold” rating to a “buy” rating and increased their target price for the company from $79.00 to $82.00 in a research report on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Black Hills currently has an average rating of “Moderate Buy” and an average price target of $77.75.

Black Hills Trading Down 1.0%

Shares of Black Hills stock opened at $71.72 on Tuesday. 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 twelve month low of $54.92 and a twelve month high of $75.87. The firm has a market capitalization of $5.41 billion, a PE ratio of 18.02, a P/E/G ratio of 2.86 and a beta of 0.74. The firm’s 50-day moving average price is $72.72 and its 200 day moving average price is $68.09.

Black Hills (NYSE:BKH) last posted its quarterly earnings data on Wednesday, February 4th. The utilities provider reported $1.41 EPS 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%.During the same quarter last year, the company posted $1.37 earnings per share. The company’s revenue for the quarter 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. On average, sell-side analysts predict that Black Hills Corporation will post 4.12 EPS for the current fiscal year.

Black Hills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Tuesday, February 17th were issued a $0.703 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Tuesday, February 17th. This is an increase from Black Hills’s previous quarterly dividend of $0.68. Black Hills’s 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.