Black Hills (BKH) Stock Price, News & Analysis

Company Overview

Black Hills Corporation (NYSE: BKH) is a diversified energy company headquartered in Rapid City, South Dakota. Founded in 1941, the company has evolved from a regional natural gas supplier into a multifaceted energy provider serving both regulated utility customers and wholesale markets. Over the decades, Black Hills has expanded its footprint through strategic acquisitions and organic growth, establishing a presence across multiple states in the central and western United States.

The company’s core operations are organized into two primary segments: regulated utilities and non-regulated energy. Within its regulated utilities division, Black Hills delivers natural gas and electric services to residential, commercial, industrial and municipal customers. Its utility subsidiaries include Black Hills Gas Distribution, Rocky Mountain Power, and Cheyenne Light, Fuel & Power, among others. In the non-regulated energy segment, the company engages in power generation, gas gathering and processing, pipeline operations, and energy marketing. This diversified model allows Black Hills to balance stable, regulated returns with the growth potential of competitive energy markets.

Black Hills serves customers in Colorado, Wyoming, Montana, South Dakota, Nebraska, Iowa, Kansas and Arkansas. Its pipeline and gathering operations connect producers in the Rocky Mountain region with major interstate systems, while its power generation assets include natural gas-fired, coal-fired and renewable facilities. The company has made targeted investments in wind and solar projects as part of its long-term strategy to transition to lower-carbon energy sources, reflecting its commitment to sustainability and environmental stewardship.

Under the leadership of President and Chief Executive Officer David R. Emery, Black Hills continues to focus on operational excellence, customer service and strategic growth. The senior management team brings deep industry expertise in utility regulation, capital markets and engineering, guiding the company through evolving market dynamics and regulatory landscapes. With a history spanning more than 80 years, Black Hills Corporation remains dedicated to delivering safe, reliable and affordable energy solutions to the communities it serves.

Key Stats

• Today's Range: $56.50 to $56.95
• 50-Day Range: $55.66 to $61.83
• 52-Week Range: $53.22 to $65.59
• Volume: 262,841 shs
• Average Volume: 467,505 shs
• Market Capitalization: $4.13 billion
• P/E Ratio: 14.52
• Dividend Yield: 4.74%
• Price Target: $66.00
• Consensus Rating: Hold

Black Hills Stock Analysis - MarketRank™

Black Hills scored higher than 86% of companies evaluated by MarketBeat, and ranked 27th out of 97 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Black Hills has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Black Hills has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.83%

Earnings Growth

Earnings for Black Hills are expected to grow by 5.83% in the coming year, from $4.12 to $4.36 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Black Hills is 14.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.62.

Price to Earnings Ratio vs. Sector

The P/E ratio of Black Hills is 14.52, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 20.45.

Price to Earnings Growth Ratio

Black Hills has a PEG Ratio of 2.64. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Black Hills has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.86% of the float of Black Hills has been sold short.

Short Interest Ratio / Days to Cover

Black Hills has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in Black Hills has recently increased by 37.33%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Black Hills is a leading dividend payer. It pays a dividend yield of 4.75%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Black Hills has been increasing its dividend for 55 years.

Dividend Coverage

The dividend payout ratio of Black Hills is 68.88%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Black Hills will have a dividend payout ratio of 61.93% next year. This indicates that Black Hills will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.9 / 5
• Environmental Score: -6.56

Percentage of Shares Shorted

2.86% of the float of Black Hills has been sold short.

Short Interest Ratio / Days to Cover

Black Hills has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in Black Hills has recently increased by 37.33%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.64

News Sentiment

Black Hills has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Utilities companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Black Hills this week, compared to 9 articles on an average week.

Search Interest

15 people have searched for BKH on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

2 people have added Black Hills to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Black Hills insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.63% of the stock of Black Hills is held by insiders.

Percentage Held by Institutions

86.71% of the stock of Black Hills is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BKH Stock Analysis - Frequently Asked Questions

How have BKH shares performed this year?

Black Hills' stock was trading at $58.52 on January 1st, 2025. Since then, BKH stock has decreased by 2.8% and is now trading at $56.91.

How were Black Hills' earnings last quarter?

Black Hills Corporation (NYSE:BKH) posted its quarterly earnings results on Wednesday, May, 7th. The utilities provider reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $1.92 by $0.05. The company's revenue for the quarter was up 10.8% on a year-over-year basis.
Read the conference call transcript.

How do I buy shares of Black Hills?

Shares of BKH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Black Hills own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Black Hills investors own include Chevron (CVX), AbbVie (ABBV), Altria Group (MO), Verizon Communications (VZ), Exxon Mobil (XOM), Walmart (WMT) and Johnson & Johnson (JNJ).

Company Calendar

• Last Earnings: 5/07/2025
• Record date for 6/1 Dividend: 5/16/2025
• Ex-Dividend for 6/1 Dividend: 5/16/2025
• Dividend Payable: 6/01/2025
• Today: 7/04/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: UTIL - ELEC PWR
• Sub-Industry: Multi-Utilities
• Current Symbol: NYSE:BKH
• CIK: 1130464
• Web: www.blackhillscorp.com
• Phone: (605) 721-1700
• Fax: 605-348-4748
• Employees: 2,841
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $66.00
• High Stock Price Target: $68.00
• Low Stock Price Target: $64.00
• Potential Upside/Downside: +16.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.92
• Trailing P/E Ratio: 14.52
• Forward P/E Ratio: 13.81
• P/E Growth: 2.62
• Net Income: $273.10 million
• Net Margins: 12.67%
• Pretax Margin: 14.77%
• Return on Equity: 7.83%
• Return on Assets: 2.80%

Debt

• Debt-to-Equity Ratio: 1.06
• Current Ratio: 0.76
• Quick Ratio: 0.62

Sales & Book Value

• Annual Sales: $2.13 billion
• Price / Sales: 1.94
• Cash Flow: $7.80 per share
• Price / Cash Flow: 7.30
• Book Value: $50.09 per share
• Price / Book: 1.14

Miscellaneous

• Outstanding Shares: 72,510,000
• Free Float: 72,052,000
• Market Cap: $4.13 billion
• Optionable: Optionable
• Beta: 0.70