Capital Financial Group Inc. Co. ADV Takes Position in Black Hills Corporation $BKH

Key Points

• Capital Financial Group bought 23,462 shares of Black Hills Corporation in the second quarter, worth approximately $1.75 million. Institutional investors collectively own 86.71% of the utility company.
• Black Hills reported quarterly EPS of $0.54, beating estimates of $0.41, while revenue rose 3.1% year over year to $452.8 million but fell short of analyst expectations.
• The company declared a quarterly dividend of $0.703 per share, equivalent to an annualized $2.81 payout and a 3.8% yield. Analysts maintain a consensus “Buy” rating with an average price target of $81.67.

Capital Financial Group Inc. Co. ADV purchased a new position in shares of Black Hills Corporation (NYSE:BKH - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,462 shares of the utilities provider's stock, valued at approximately $1,746,000. Black Hills comprises about 0.9% of Capital Financial Group Inc. Co. ADV's holdings, making the stock its 24th largest holding.

Several other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors lifted its holdings in shares of 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 during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Black Hills by 6,416.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 155,752 shares of the utilities provider's stock valued at $10,812,000 after purchasing an additional 153,362 shares during the last quarter. Horizon Investments LLC increased its holdings in Black Hills by 74.3% in the 4th quarter. Horizon Investments LLC now owns 34,523 shares of the utilities provider's stock valued at $2,397,000 after purchasing an additional 14,716 shares during the last quarter. UBS Group AG increased its holdings in Black Hills by 86.5% in the 4th quarter. UBS Group AG now owns 572,227 shares of the utilities provider's stock valued at $39,724,000 after purchasing an additional 265,464 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. purchased a new stake in Black Hills in the fourth quarter valued at approximately $5,985,000. Hedge funds and other institutional investors own 86.71% of the company's stock.

Black Hills Stock Down 1.5%

Black Hills stock opened at $73.17 on Tuesday. The firm has a market capitalization of $5.58 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.94 and a beta of 0.71. 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 Corporation has a twelve month low of $58.06 and a twelve month high of $78.69. The stock's fifty day simple moving average is $73.57 and its 200-day simple moving average is $73.15.

Black Hills (NYSE:BKH - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating 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 company had revenue of $452.80 million for the quarter, compared to analyst estimates of $490.89 million. During the same quarter last year, the company earned $0.38 EPS. Black Hills's revenue for the quarter 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. As a group, equities analysts expect that Black Hills Corporation will post 4.34 earnings per share for the current fiscal year.

Black Hills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a $0.703 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.8%. Black Hills's dividend payout ratio is currently 70.96%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Oppenheimer set a $78.00 price objective on Black Hills in a report on Thursday, June 11th. Weiss Ratings upgraded Black Hills from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 24th. Bank of America raised their target price on Black Hills from $78.00 to $87.00 and gave the company a "buy" rating in a report on Friday, July 10th. BMO Capital Markets dropped their target price on Black Hills from $86.00 to $85.00 and set an "outperform" rating for the company in a research report on Wednesday, July 22nd. Finally, Wall Street Zen upgraded shares of Black Hills from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $81.67.

Insider Buying and Selling at Black Hills

In other news, Director Robert P. Otto sold 4,109 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total value of $304,969.98. Following the sale, the director directly owned 10,886 shares in the company, valued at approximately $807,958.92. This trade represents a 27.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.56% of the company's stock.

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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