316,064 Shares in Black Hills Corporation $BKH Bought by Jupiter Topco LLC

Jupiter Topco LLC purchased a new position in Black Hills Corporation (NYSE:BKH - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 316,064 shares of the utilities provider's stock, valued at approximately $23,515,000. Jupiter Topco LLC owned approximately 0.41% of Black Hills as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. The Manufacturers Life Insurance Company acquired a new position in shares of Black Hills during the 2nd quarter worth approximately $29,413,000. Capital Research Global Investors raised its position in shares of Black Hills by 38.7% in the fourth quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider's stock valued at $157,995,000 after buying an additional 634,800 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Black Hills in the second quarter valued at approximately $928,675,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Black Hills by 6,416.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 155,752 shares of the utilities provider's stock valued at $10,812,000 after buying an additional 153,362 shares during the period. Finally, UBS Group AG boosted its stake in shares of Black Hills by 86.5% in the fourth quarter. UBS Group AG now owns 572,227 shares of the utilities provider's stock valued at $39,724,000 after buying an additional 265,464 shares during the period. Hedge funds and other institutional investors own 86.71% of the company's stock.

Black Hills Price Performance

BKH stock opened at $72.75 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.99. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.90 and a beta of 0.71. The company's fifty day simple moving average is $73.70 and its 200 day simple moving average is $73.14. Black Hills Corporation has a 12-month low of $58.06 and a 12-month high of $78.69.

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

Black Hills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a dividend of $0.703 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.81 annualized dividend and a yield of 3.9%. Black Hills's dividend payout ratio (DPR) is currently 70.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BKH shares. Wall Street Zen upgraded Black Hills from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. BMO Capital Markets cut 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. Oppenheimer set a $78.00 target price 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. Finally, Bank of America upped their price target on Black Hills from $78.00 to $87.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $81.67.

Black Hills 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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