Black Hills (NYSE:BKH - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.000-4.200 for the period, compared to the consensus estimate of 4.097. The company issued revenue guidance of -.
Black Hills Price Performance
Shares of NYSE:BKH traded up $0.13 during mid-day trading on Friday, reaching $57.91. The stock had a trading volume of 279,510 shares, compared to its average volume of 511,899. The company has a market cap of $4.20 billion, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 2.64 and a beta of 0.70. The business's 50 day moving average price is $57.01 and its 200 day moving average price is $58.65. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 1.06. Black Hills has a 1 year low of $54.92 and a 1 year high of $65.59.
Black Hills (NYSE:BKH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. Black Hills had a return on equity of 7.87% and a net margin of 12.68%. The business had revenue of $439.00 million for the quarter, compared to analysts' expectations of $412.69 million. During the same period in the prior year, the firm earned $0.33 EPS. The company's revenue for the quarter was up 8.9% on a year-over-year basis. Research analysts expect that Black Hills will post 4.12 EPS for the current fiscal year.
Black Hills Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, August 18th. Black Hills's payout ratio is presently 68.01%.
Analyst Ratings Changes
Separately, BMO Capital Markets started coverage on Black Hills in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $68.00 price objective for the company.
Check Out Our Latest Analysis on BKH
Hedge Funds Weigh In On Black Hills
Several hedge funds have recently added to or reduced their stakes in BKH. Jones Financial Companies Lllp increased its holdings in Black Hills by 37.8% during the first quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider's stock valued at $184,000 after buying an additional 834 shares during the period. NewEdge Advisors LLC grew its position in shares of Black Hills by 83.2% in the 1st quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider's stock worth $203,000 after buying an additional 1,519 shares during the last quarter. United Services Automobile Association bought a new position in shares of Black Hills during the 1st quarter worth approximately $255,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 purchasing an additional 2,906 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Black Hills by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,673 shares of the utilities provider's stock valued at $8,168,000 after purchasing an additional 7,332 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors.
About Black Hills
(
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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.
Further Reading
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