Deutsche Bank AG Invests $5.83 Million in Black Hills Corporation $BKH

Key Points

• Deutsche Bank acquired 78,413 Black Hills shares worth approximately $5.83 million in the second quarter, giving it a 0.10% stake. Institutional investors collectively own 86.71% of the utility company.
• Black Hills reported quarterly EPS of $0.54, exceeding analysts’ $0.41 estimate, while revenue rose 3.1% year over year to $452.8 million but fell short of expectations.
• The company declared a quarterly dividend of $0.703 per share, equivalent to an annualized $2.81 payout and a 3.9% yield. Analysts maintain a consensus “Buy” rating with an average price target of $81.67.

Deutsche Bank AG bought a new stake in Black Hills Corporation (NYSE:BKH - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 78,413 shares of the utilities provider's stock, valued at approximately $5,834,000. Deutsche Bank AG owned approximately 0.10% of Black Hills at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Clearstead Trust LLC acquired a new position in shares of Black Hills in the second quarter valued at approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Black Hills during the 2nd quarter worth approximately $34,000. Advisory Services Network LLC purchased a new position in Black Hills in the 3rd quarter valued at approximately $45,000. Global Retirement Partners LLC purchased a new position in Black Hills in the 2nd quarter valued at approximately $56,000. Finally, Geneos Wealth Management Inc. boosted its position in Black Hills by 44.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider's stock valued at $58,000 after buying an additional 317 shares during the period. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Black Hills Price Performance

BKH stock opened at $72.04 on Tuesday. The company has a market capitalization of $5.49 billion, a P/E ratio of 18.19, a PEG ratio of 2.84 and a beta of 0.71. Black Hills Corporation has a twelve month low of $58.06 and a twelve month high of $78.69. The business has a 50 day simple moving average of $73.66 and a 200-day simple moving average of $73.15. 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 (NYSE:BKH - Get Free Report) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. The business had revenue of $452.80 million for the quarter, compared to analysts' expectations 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 previous year, the company posted $0.38 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts anticipate that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

The firm 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 dividend of $0.703 per share. This represents a $2.81 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, August 17th. Black Hills's dividend payout ratio (DPR) is presently 70.96%.

Insider Transactions at Black Hills

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of Black Hills 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 transaction, the director directly owned 10,886 shares in the company, valued at approximately $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

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