Black Hills Corporation (BKH) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts remain bullish on Black Hills: Seven of eight covering firms rate the stock a buy, while one rates it a strong buy. The average 12-month price target is $83.25, with recent targets ranging from $78 to $87.
• Black Hills beat quarterly EPS expectations, reporting $0.54 versus the $0.41 consensus estimate, while revenue rose 3.1% year over year to $452.8 million. Analysts expect full-year EPS of approximately $4.34, within the company’s 2026 guidance range.
• The utility offers a 3.5% dividend yield based on an annualized payout of $2.81 per share, and institutional investors own 86.71% of the stock. Shares were trading near their 52-week high at $79.32.

Shares of Black Hills Corporation (NYSE:BKH - Get Free Report) have been given a consensus recommendation of "Buy" by the eight research firms that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $83.25.

A number of research firms recently weighed in on BKH. Freedom Broker raised shares of Black Hills from a "hold" rating to a "buy" rating and increased their price objective for the stock from $69.00 to $78.00 in a report on Wednesday, October 7th. Jefferies Financial Group started coverage on shares of Black Hills in a research report on Wednesday, October 14th. They issued a "buy" rating and a $87.00 price target on the stock. Weiss Ratings upgraded Black Hills from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 24th. Wall Street Zen raised shares of Black Hills from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, BMO Capital Markets upped their price target on Black Hills from $83.00 to $86.00 and gave the company an "outperform" rating in a research report on Thursday, October 8th.

Black Hills Stock Performance

Shares of BKH stock opened at $79.32 on Friday. The company's fifty day simple moving average is $73.09 and its 200-day simple moving average is $73.50. The company has a market cap of $6.05 billion, a PE ratio of 20.03, a P/E/G ratio of 3.11 and a beta of 0.68. Black Hills has a 52 week low of $62.26 and a 52 week high of $79.64. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.99.

Black Hills (NYSE:BKH - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The business had revenue of $452.80 million during the quarter, compared to analyst estimates of $490.89 million. During the same period last year, the business earned $0.38 EPS. The business's revenue was up 3.1% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts anticipate that Black Hills will post 4.34 EPS for the current year.

Black Hills Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a dividend of $0.7030 per share. This represents a $2.81 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, August 17th. Black Hills's dividend payout ratio (DPR) is 70.96%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Black Hills in the second quarter worth $928,675,000. Engineers Gate Manager LP boosted its position in shares of Black Hills by 35.7% during the second quarter. Engineers Gate Manager LP now owns 1,442,064 shares of the utilities provider's stock worth $107,290,000 after purchasing an additional 379,211 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Black Hills by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,141,272 shares of the utilities provider's stock worth $79,215,000 after purchasing an additional 18,109 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Black Hills by 109.2% during the first quarter. Bank of America Corp DE now owns 899,963 shares of the utilities provider's stock worth $62,466,000 after buying an additional 469,733 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Black Hills in the 2nd quarter valued at $56,841,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Black Hills Company Profile

Black Hills Corporation NYSE: BKH is an energy company headquartered in Rapid City, South Dakota. Through its Black Hills Energy businesses, the company provides regulated electric and natural gas utility services to residential, commercial and industrial customers.

Black Hills operates electric utilities and natural gas distribution systems across parts of Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its activities include generating and purchasing electricity, transmitting and distributing power, distributing natural gas, and developing and maintaining the infrastructure needed to serve its utility customers.

The company traces its history to the Black Hills region and has expanded through the development and acquisition of utility operations in the central and western United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.