Black Hills (NYSE:BKH) Given New $76.00 Price Target at Bank of America

Key Points

• Bank of America raised its price target on Black Hills to $76 (from $72) while maintaining a "neutral" rating, implying only about a 3% upside from the current share price.
• Analyst sentiment is broadly positive—five Buy ratings and one Hold produce a consensus "Moderate Buy" with an average price target of $80, and several firms recently bumped targets into the low $80s.
• Black Hills slightly beat Q earnings estimates ($1.41 vs. $1.37) but reported revenue well below consensus; management set FY2026 EPS guidance of 4.25–4.45, and the stock trades near $73.79 (1-year range $54.92–$75.87).

Black Hills (NYSE:BKH - Get Free Report) had its price target raised by analysts at Bank of America from $72.00 to $76.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the utilities provider's stock. Bank of America's price target would suggest a potential upside of 2.99% from the company's current price.

Other research analysts also recently issued research reports about the company. LADENBURG THALM/SH SH started coverage on Black Hills in a report on Wednesday, April 1st. They set a "buy" rating and a $77.00 price target on the stock. Wall Street Zen upgraded Black Hills from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. BMO Capital Markets lifted their price target on Black Hills from $82.00 to $84.00 and gave the company an "outperform" rating in a report on Monday, February 9th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Black Hills in a report on Friday, March 27th. Finally, Siebert Williams Shank upgraded Black Hills from a "hold" rating to a "buy" rating and lifted their price target for the company from $79.00 to $82.00 in a report on Thursday, March 12th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Black Hills presently has a consensus rating of "Moderate Buy" and an average price target of $80.00.

Black Hills Stock Performance

Shares of BKH stock opened at $73.79 on Thursday. Black Hills has a 1-year low of $54.92 and a 1-year high of $75.87. The company has a current ratio of 1.35, a quick ratio of 1.11 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 2.78 and a beta of 0.73. The stock's fifty day simple moving average is $72.07 and its 200-day simple moving average is $69.34.

Black Hills (NYSE:BKH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.04. Black Hills had a return on equity of 7.91% and a net margin of 12.62%.The business had revenue of $635.50 million for the quarter, compared to the consensus estimate of $809.88 million. During the same quarter in the previous year, the company posted $1.37 earnings per share. Black Hills'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 will post 4.12 earnings per share for the current fiscal year.

Institutional Trading of Black Hills

A number of institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its position in Black Hills by 11.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,089 shares of the utilities provider's stock valued at $214,000 after purchasing an additional 324 shares during the last quarter. Corient Private Wealth LLC boosted its position in Black Hills by 4.4% during the fourth quarter. Corient Private Wealth LLC now owns 4,804 shares of the utilities provider's stock valued at $334,000 after purchasing an additional 204 shares during the last quarter. DGS Capital Management LLC acquired a new stake in Black Hills during the fourth quarter valued at $231,000. Mercer Global Advisors Inc. ADV boosted its position in Black Hills by 26.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 26,124 shares of the utilities provider's stock valued at $1,814,000 after purchasing an additional 5,525 shares during the last quarter. Finally, State of Tennessee Department of Treasury boosted its position in Black Hills by 57.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 37,333 shares of the utilities provider's stock valued at $2,725,000 after purchasing an additional 13,562 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

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.

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