Corient Private Wealth LP Makes New Investment in Black Hills Corporation $BKH

Key Points

• Corient Private Wealth LP acquired 789,711 shares of Black Hills, worth approximately $3.7 million and representing about 1.04% of the utility company. Institutional investors collectively own 86.71% of Black Hills.
• 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. The company maintained fiscal 2026 EPS guidance of $4.25–$4.45.
• Black Hills pays a quarterly dividend of $0.703 per share, equating to an annualized $2.81 and a 3.9% yield. Analysts maintain a consensus “Buy” rating with an average price target of $81.67, compared with the stock’s $72.29 price.

Corient Private Wealth LP purchased a new stake in Black Hills Corporation (NYSE:BKH - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 789,711 shares of the utilities provider's stock, valued at approximately $3,691,000. Corient Private Wealth LP owned approximately 1.04% of Black Hills as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Black Hills during the second quarter worth $928,675,000. Zimmer Partners LP lifted its position in Black Hills by 2,100.0% in the 3rd quarter. Zimmer Partners LP now owns 1,100,020 shares of the utilities provider's stock valued at $67,750,000 after acquiring an additional 1,050,020 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in Black Hills by 176.9% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,592,000 shares of the utilities provider's stock valued at $110,517,000 after acquiring an additional 1,017,000 shares in the last quarter. Engineers Gate Manager LP boosted its stake in Black Hills by 17,790.3% in the 4th quarter. Engineers Gate Manager LP now owns 849,073 shares of the utilities provider's stock worth $58,943,000 after purchasing an additional 844,327 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Black Hills in the 2nd quarter worth $56,841,000. Institutional investors and hedge funds own 86.71% of the company's stock.

Black Hills Stock Up 0.9%

Shares of BKH stock opened at $72.29 on Wednesday. The firm's fifty day moving average price is $73.65 and its two-hundred day moving average price is $73.14. 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 1 year low of $58.06 and a 1 year high of $78.69. The firm has a market capitalization of $5.51 billion, a P/E ratio of 18.26, a PEG ratio of 2.84 and a beta of 0.71.

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, topping analysts' consensus estimates of $0.41 by $0.13. The company had revenue of $452.80 million during the quarter, compared to the consensus estimate of $490.89 million. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts predict that Black Hills Corporation will post 4.34 EPS for the current fiscal year.

Black Hills Announces Dividend

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

Analyst Upgrades and Downgrades

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

About Black Hills

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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