Black Hills (NYSE:BKH) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Wall Street Zen upgraded Black Hills from “sell” to “hold,” while the broader analyst consensus remains “buy” with a $81.67 average price target.
• Black Hills reported quarterly EPS of $0.54, beating estimates of $0.41, although revenue of $452.8 million fell short of the $490.89 million consensus; revenue still increased 3.1% year over year.
• Shares opened at $74.66, near the middle of their 12-month range, and the company reaffirmed fiscal 2026 EPS guidance of $4.25–$4.45. Institutional investors own approximately 86.71% of the stock.

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

A number of other research firms also recently issued reports on BKH. Oppenheimer set a $78.00 price target on shares of Black Hills in a research report on Thursday, June 11th. Weiss Ratings raised shares of Black Hills from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 24th. BMO Capital Markets lowered their price objective on shares of Black Hills from $86.00 to $85.00 and set an "outperform" rating for the company in a research report on Wednesday, July 22nd. Finally, Bank of America increased their price objective on shares of Black Hills from $78.00 to $87.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $81.67.

Black Hills Price Performance

Shares of NYSE BKH opened at $74.66 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. Black Hills has a twelve month low of $58.06 and a twelve month high of $78.69. The business has a 50 day simple moving average of $73.36 and a 200-day simple moving average of $73.12.

Black Hills (NYSE:BKH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.13. The firm had revenue of $452.80 million for the quarter, compared to analysts' expectations of $490.89 million. Black Hills had a return on equity of 8.03% and a net margin of 13.01%.The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts expect that Black Hills will post 4.34 earnings per share for the current year.

Insider Transactions at Black Hills

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of the firm's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total value of $304,969.98. Following the sale, the director directly owned 10,886 shares in the company, valued at approximately $807,958.92. This trade represents a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.56% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Clearstead Trust LLC acquired a new stake in shares of Black Hills in the second quarter valued at approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Black Hills during the second quarter worth approximately $34,000. Advisory Services Network LLC acquired a new position in shares of Black Hills during the third quarter worth approximately $45,000. First Horizon Corp grew its holdings in Black Hills by 192.8% in the 4th quarter. First Horizon Corp now owns 773 shares of the utilities provider's stock worth $54,000 after buying an additional 509 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new position in Black Hills in the 2nd quarter worth approximately $56,000. 86.71% of the stock is owned by institutional investors and hedge funds.

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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