Black Hills (BKH) to Release Quarterly Earnings on Wednesday

Black Hills (NYSE:BKH - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results after the market closes on Wednesday, July 30th. Analysts expect Black Hills to post earnings of $0.39 per share and revenue of $412.69 million for the quarter. Black Hills has set its FY 2025 guidance at 4.000-4.200 EPS.

Black Hills (NYSE:BKH - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.92 by ($0.05). Black Hills had a net margin of 12.67% and a return on equity of 7.83%. The firm had revenue of $805.20 million during the quarter, compared to analysts' expectations of $729.73 million. During the same period in the prior year, the company posted $1.87 EPS. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts expect Black Hills to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Black Hills Trading Up 0.8%

Shares of BKH traded up $0.43 during mid-day trading on Friday, reaching $56.72. The stock had a trading volume of 528,862 shares, compared to its average volume of 601,910. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.76 and a quick ratio of 0.62. Black Hills has a 52-week low of $54.92 and a 52-week high of $65.59. The business's fifty day moving average is $57.14 and its 200 day moving average is $58.63. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 2.61 and a beta of 0.70.

Black Hills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be issued a $0.676 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend is Monday, August 18th. Black Hills's dividend payout ratio is currently 68.88%.

Institutional Trading of Black Hills

Several hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 acquiring an additional 2,906 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Black Hills by 83.2% in the first quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider's stock worth $203,000 after acquiring an additional 1,519 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Black Hills by 37.8% in the first quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider's stock worth $184,000 after acquiring an additional 834 shares during the last quarter. United Services Automobile Association purchased a new position in Black Hills in the first quarter worth approximately $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Black Hills by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,673 shares of the utilities provider's stock worth $8,168,000 after acquiring an additional 7,332 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets initiated coverage on shares of Black Hills in a research note on Tuesday, May 13th. They set an "outperform" rating and a $68.00 target price for the company.

About Black Hills

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.