Black Hills (NYSE:BKH) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Black Hills (NYSE:BKH) from a "sell" rating to a "hold."
• Other brokers are more positive—Scotiabank moved to "sector outperform" and raised its target to $81, BMO raised its target to $84 and rated "outperform," Weiss Ratings reaffirmed a "buy (b-)," leaving a consensus of "Moderate Buy" with an average target of $76.33.
• Black Hills beat quarterly expectations with EPS of $1.41 (beats by $0.04) and revenue up 6.4% YoY, and it issued FY2026 guidance of 4.250–4.450 EPS versus analyst expectations around 4.12.

Black Hills (NYSE:BKH - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Several other brokerages have also commented on BKH. Weiss Ratings reissued a "buy (b-)" rating on shares of Black Hills in a report on Monday, December 29th. Scotiabank raised shares of Black Hills from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $66.00 to $81.00 in a research note on Friday, November 7th. Finally, BMO Capital Markets raised their target price on shares of Black Hills from $82.00 to $84.00 and gave the company an "outperform" rating in a research note on Monday, February 9th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $76.33.

Black Hills Trading Down 1.1%

Shares of Black Hills stock opened at $73.48 on Friday. The company's 50-day moving average price is $72.50 and its 200-day moving average price is $67.51. The company has a current ratio of 1.35, a quick ratio of 1.11 and a debt-to-equity ratio of 1.23. Black Hills has a 12-month low of $54.92 and a 12-month high of $75.87. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.93 and a beta of 0.75.

Black Hills (NYSE:BKH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the prior year, the firm earned $1.37 EPS. 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 analysts expect that Black Hills will post 4.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Black Hills

Institutional investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new stake in Black Hills in the 2nd quarter worth $31,000. Smartleaf Asset Management LLC raised its stake in shares of Black Hills by 132.3% during the third quarter. Smartleaf Asset Management LLC now owns 576 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 328 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Black Hills by 37.8% during the third 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 period. Advisory Services Network LLC purchased a new stake in shares of Black Hills during the third quarter worth about $45,000. Finally, First Horizon Corp grew its stake in shares of Black Hills by 192.8% in the fourth quarter. First Horizon Corp now owns 773 shares of the utilities provider's stock worth $54,000 after purchasing an additional 509 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company's stock.

Black Hills Company Profile

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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