Black Hills Corporation (NYSE:BKH) Given Average Recommendation of "Buy" by Analysts

Key Points

• Analysts are broadly bullish on Black Hills: all six covering analysts rate the stock “Buy,” with an average 12-month price target of approximately $81.67 versus its reported price of $72.62.
• Black Hills reported quarterly EPS of $0.54, exceeding the $0.41 consensus estimate, while revenue reached $452.8 million and increased 3.1% year over year. The company maintained fiscal 2026 EPS guidance of $4.25–$4.45.
• The utility offers an annualized $2.81 dividend, yielding about 3.9%, and institutional investors own 86.71% of its shares after several large investors increased or initiated positions.

Black Hills Corporation (NYSE:BKH - Get Free Report) has received an average recommendation of "Buy" from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $81.6667.

A number of analysts have commented on BKH shares. Bank of America lifted their target price on Black Hills from $78.00 to $87.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Wall Street Zen raised Black Hills from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Oppenheimer set a $78.00 target price on Black Hills in a research report on Thursday, June 11th. Weiss Ratings upgraded shares of Black Hills from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. Finally, BMO Capital Markets dropped their price target on shares of Black Hills from $86.00 to $85.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd.

Institutional Trading of Black Hills

Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company purchased a new position in shares of Black Hills during the 2nd quarter valued at about $29,413,000. BlackRock Inc. purchased a new stake in Black Hills in the 2nd quarter worth approximately $928,675,000. Capital Research Global Investors increased its holdings in Black Hills by 38.7% in the 4th quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider's stock worth $157,995,000 after acquiring an additional 634,800 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Black Hills by 6,416.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 155,752 shares of the utilities provider's stock worth $10,812,000 after acquiring an additional 153,362 shares during the period. Finally, Horizon Investments LLC raised its stake in Black Hills by 74.3% during the 4th quarter. Horizon Investments LLC now owns 34,523 shares of the utilities provider's stock worth $2,397,000 after acquiring an additional 14,716 shares during the period. 86.71% of the stock is currently owned by institutional investors.

Black Hills Stock Up 0.3%

Shares of NYSE:BKH opened at $72.62 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $73.61 and a two-hundred day simple moving average of $73.14. Black Hills has a 12-month low of $58.06 and a 12-month high of $78.69. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.86 and a beta of 0.71.

Black Hills (NYSE:BKH - Get Free Report) last released its earnings results on Wednesday, August 5th. The utilities provider reported $0.54 EPS for the quarter, topping analysts' consensus estimates 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 7.98% and a net margin of 13.01%.The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts anticipate that Black Hills will post 4.34 earnings per share for the current fiscal year.

Black Hills Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.703 dividend. This represents a $2.81 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, August 17th. Black Hills's dividend payout ratio is 70.96%.

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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