Black Hills Corporation $BKH Stock Purchased by Congress Asset Management Co.

Key Points

• Congress Asset Management increased its Black Hills stake by 21.7% in the third quarter, acquiring 47,652 additional shares and bringing its total holding to 267,370 shares valued at approximately $18.7 million.
• Black Hills reported quarterly EPS of $0.54, exceeding estimates of $0.41, while revenue rose 3.1% year over year to $452.8 million. The company maintained fiscal 2026 EPS guidance of $4.25–$4.45.
• The utility pays an annualized dividend of $2.81 per share, yielding about 4.0%. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $81.29, above its reported price of $70.68.

Congress Asset Management Co. grew its stake in shares of Black Hills Corporation (NYSE:BKH - Free Report) by 21.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,370 shares of the utilities provider's stock after buying an additional 47,652 shares during the period. Congress Asset Management Co. owned 0.35% of Black Hills worth $18,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Black Hills during the second quarter valued at approximately $928,675,000. Capital Research Global Investors raised its stake in shares of Black Hills by 38.7% during 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. Engineers Gate Manager LP lifted its holdings in shares of Black Hills by 35.7% during the 2nd quarter. Engineers Gate Manager LP now owns 1,442,064 shares of the utilities provider's stock valued at $107,290,000 after purchasing an additional 379,211 shares during the last quarter. Cohen & Steers Inc. grew its stake in shares of Black Hills by 17.8% during the fourth quarter. Cohen & Steers Inc. now owns 1,385,759 shares of the utilities provider's stock worth $96,199,000 after acquiring an additional 209,135 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Black Hills by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,141,272 shares of the utilities provider's stock valued at $79,215,000 after acquiring an additional 18,109 shares in the last quarter. Institutional investors own 86.71% of the company's stock.

Black Hills Stock Up 0.3%

BKH opened at $70.68 on Wednesday. The company has a market cap of $5.39 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 2.79 and a beta of 0.68. Black Hills Corporation has a twelve month low of $59.91 and a twelve month high of $78.69. The company has a 50-day moving average price of $72.08 and a 200 day moving average price of $72.85. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.99.

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

Black Hills Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.7030 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.81 dividend on an annualized basis and a yield of 4.0%. Black Hills's dividend payout ratio is presently 70.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BKH shares. BMO Capital Markets dropped their price objective 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. Freedom Broker initiated coverage on Black Hills in a research report on Wednesday, September 30th. They set a "hold" rating and a $69.00 price target for the company. Oppenheimer set a $78.00 price target on Black Hills in a research note on Thursday, June 11th. Wall Street Zen raised Black Hills from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded Black Hills from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $81.29.

Black Hills Company Profile

Black Hills Corporation NYSE: BKH is a regulated utility holding company headquartered in Rapid City, South Dakota. Through its operating subsidiaries, the company provides electric and natural gas utility services to residential, commercial, industrial and other customers.

Black Hills owns and operates electric generation, transmission and distribution facilities, as well as natural gas distribution, storage and transportation infrastructure. Its electric utilities serve customers in Colorado, Montana, South Dakota and Wyoming, while its natural gas utilities operate in Arkansas, Colorado, Iowa, Kansas, Nebraska and Wyoming.

The company traces its history to the development of utility services in the Black Hills region and was incorporated as Black Hills Corporation in 1941.

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