Black Hills (NYSE:BKH) Updates FY 2026 Earnings Guidance

Key Points

• Black Hills set FY2026 EPS guidance at 4.250–4.450, versus the consensus estimate of 4.340.
• The company declared a quarterly dividend of $0.703 per share (annualized $2.81), with an ex-dividend date of May 15 and a yield of about 3.8%.
• Black Hills reported Q1 EPS of $1.79 (missed the $1.88 estimate); the stock trades near $73.98 with a market cap of $5.63B and carries a Wall Street consensus rating of “Moderate Buy” (target $81.40).

Black Hills (NYSE:BKH - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.250-4.450 for the period, compared to the consensus estimate of 4.340. The company issued revenue guidance of -.

Black Hills Stock Performance

NYSE:BKH traded up $0.14 on Wednesday, hitting $73.98. The company's stock had a trading volume of 1,357,881 shares, compared to its average volume of 998,595. Black Hills has a one year low of $55.49 and a one year high of $78.69. The firm has a market capitalization of $5.63 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 2.99 and a beta of 0.74. The stock has a fifty day moving average of $72.60 and a two-hundred day moving average of $71.09. The company has a current ratio of 1.35, a quick ratio of 1.11 and a debt-to-equity ratio of 1.20.

Black Hills (NYSE:BKH - Get Free Report) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.79 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.09). Black Hills had a return on equity of 7.91% and a net margin of 12.62%.Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts predict that Black Hills will post 4.31 earnings per share for the current year.

Black Hills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.703 per share. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, May 15th. Black Hills's dividend payout ratio (DPR) is currently 70.60%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of Black Hills in a research note on Friday, March 27th. Siebert Williams Shank upgraded shares of Black Hills from a "hold" rating to a "buy" rating and raised their price objective for the stock from $79.00 to $82.00 in a research report on Thursday, March 12th. Wall Street Zen cut Black Hills from a "hold" rating to a "sell" rating in a report on Saturday, April 11th. Bank of America increased their target price on Black Hills from $72.00 to $76.00 and gave the stock a "neutral" rating in a research note on Thursday, April 9th. Finally, 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 for the company. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BKH. State Street Corp raised its position in shares of Black Hills by 0.8% in the second quarter. State Street Corp now owns 3,841,615 shares of the utilities provider's stock valued at $215,515,000 after buying an additional 31,093 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position in Black Hills by 176.9% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,592,000 shares of the utilities provider's stock worth $110,517,000 after buying an additional 1,017,000 shares in the last quarter. AQR Capital Management LLC increased its stake in Black Hills by 3.2% during the 4th quarter. AQR Capital Management LLC now owns 1,418,384 shares of the utilities provider's stock worth $98,464,000 after acquiring an additional 44,334 shares during the period. Dimensional Fund Advisors LP increased its stake in Black Hills by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,123,163 shares of the utilities provider's stock worth $77,971,000 after acquiring an additional 23,870 shares during the period. Finally, Zimmer Partners LP raised its holdings in Black Hills by 2,100.0% in the 3rd quarter. Zimmer Partners LP now owns 1,100,020 shares of the utilities provider's stock valued at $67,750,000 after acquiring an additional 1,050,020 shares in the last quarter. Institutional investors and hedge funds 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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