Black Hills (NYSE:BKH) Stock Price Expected to Rise, Bank of America Analyst Says

Key Points

• Bank of America raised Black Hills’ price target from $87 to $97 and maintained a “buy” rating, implying 37.68% upside from the prior close.
• Analyst sentiment remains positive overall: six analysts rate the stock a buy, with a consensus rating of “Buy” and an average price target of $83.33.
• Black Hills reported quarterly EPS of $0.54, beating estimates of $0.41, while revenue rose 3.1% year over year to $452.8 million; the company guided to fiscal 2026 EPS of $4.25–$4.45.

Black Hills (NYSE:BKH - Get Free Report) had its price target increased by Bank of America from $87.00 to $97.00 in a report released on Monday, MarketBeat.com reports. The brokerage currently has a "buy" rating on the utilities provider's stock. Bank of America's target price points to a potential upside of 37.68% from the company's previous close.

A number of other equities research analysts also recently issued reports on BKH. Wall Street Zen upgraded shares of Black Hills from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Black Hills from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. BMO Capital Markets cut their price objective on Black Hills from $86.00 to $85.00 and set an "outperform" rating for the company in a report on Wednesday, July 22nd. Finally, Oppenheimer set a $78.00 price objective on Black Hills in a research report on Thursday, June 11th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Black Hills presently has an average rating of "Buy" and an average price target of $83.33.

Black Hills Stock Up 0.0%

Shares of Black Hills stock opened at $70.45 on Monday. The stock has a 50-day moving average price of $73.11 and a 200 day moving average price of $73.00. The company has a market cap of $5.37 billion, a P/E ratio of 17.79, a P/E/G ratio of 2.79 and a beta of 0.71. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.99. Black Hills has a 1 year low of $58.32 and a 1 year high of $78.69.

Black Hills (NYSE:BKH - Get Free Report) last released its earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.13. The company had revenue of $452.80 million for the quarter, compared to analysts' expectations of $490.89 million. Black Hills had a return on equity of 7.98% and a net margin of 13.01%.The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts expect that Black Hills will post 4.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Black Hills during the 2nd quarter worth about $928,675,000. Engineers Gate Manager LP raised its stake in shares of Black Hills by 17,790.3% in the 4th quarter. Engineers Gate Manager LP now owns 849,073 shares of the utilities provider's stock valued at $58,943,000 after acquiring an additional 844,327 shares in the last quarter. Corient Private Wealth LP bought a new position in shares of Black Hills in the 2nd quarter valued at approximately $3,691,000. Bank of New York Mellon Corp acquired a new stake in Black Hills in the 2nd quarter worth approximately $56,841,000. Finally, Capital Research Global Investors lifted its holdings in Black Hills by 38.7% in the 4th quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider's stock worth $157,995,000 after purchasing an additional 634,800 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

About Black Hills

Black Hills Corporation NYSE: BKH is a diversified energy company headquartered in Rapid City, South Dakota. Through its regulated utilities, the company provides electric and natural gas service to residential, commercial, industrial and institutional customers.

Black Hills' electric operations generate, purchase, transmit and distribute electricity through a portfolio that includes coal, natural gas, wind and other energy resources. Its natural gas utilities transport and distribute natural gas, while also operating related storage and pipeline infrastructure.

The company serves communities across several Midwestern and Western states, including Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.

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