Black Hills Corporation $BKH Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Black Hills Corporation (NYSE:BKH) by 67.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 618,131 shares of the utilities provider’s stock after acquiring an additional 249,640 shares during the quarter. JPMorgan Chase & Co. owned about 0.85% of Black Hills worth $38,071,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BKH. Van ECK Associates Corp raised its holdings in Black Hills by 0.6% in the 3rd quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock valued at $1,614,000 after acquiring an additional 154 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Black Hills by 37.8% during the 3rd quarter. Blue Trust Inc. now owns 641 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 176 shares during the last quarter. Lesa Sroufe & Co grew its position in shares of Black Hills by 0.5% in the third quarter. Lesa Sroufe & Co now owns 45,833 shares of the utilities provider’s stock valued at $2,823,000 after purchasing an additional 216 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Black Hills by 2.5% in the second quarter. Osaic Holdings Inc. now owns 9,068 shares of the utilities provider’s stock valued at $509,000 after purchasing an additional 222 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Black Hills by 0.7% in the third quarter. Amalgamated Bank now owns 32,085 shares of the utilities provider’s stock valued at $1,976,000 after purchasing an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analyst Ratings Changes

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

Black Hills Stock Down 4.3%

BKH stock opened at $67.84 on Friday. Black Hills Corporation has a one year low of $54.92 and a one year high of $75.87. The firm has a market cap of $5.16 billion, a PE ratio of 17.05, a PEG ratio of 2.68 and a beta of 0.75. The firm’s 50 day moving average price is $72.69 and its 200-day moving average price is $68.33. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.11 and a current ratio of 1.35.

Black Hills (NYSE:BKH) last issued 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%.During the same period last year, the business earned $1.37 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts anticipate that Black Hills Corporation will post 4.12 EPS for the current year.

Black Hills Increases Dividend

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