HighTower Advisors LLC Boosts Holdings in Black Hills Corporation $BKH

Key Points

• HighTower Advisors increased its Black Hills stake by 18% in the second quarter, bringing its holdings to 394,572 shares valued at approximately $29.4 million. Institutional investors collectively own 86.71% of the utility company.
• Black Hills reported quarterly EPS of $0.54, exceeding the $0.41 analyst consensus, 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 company paid a quarterly dividend of $0.703 per share, equal to an annualized $2.81 and a 3.8% yield. Analysts have a consensus “Buy” rating and an average price target of $81.67, compared with the stock’s $74.18 opening price.

HighTower Advisors LLC boosted its stake in shares of Black Hills Corporation (NYSE:BKH - Free Report) by 18.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 394,572 shares of the utilities provider's stock after purchasing an additional 60,052 shares during the period. HighTower Advisors LLC owned approximately 0.52% of Black Hills worth $29,356,000 at the end of the most recent quarter.

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

Black Hills Trading Up 1.3%

Shares of BKH opened at $74.18 on Wednesday. Black Hills Corporation has a 52-week low of $58.06 and a 52-week high of $78.69. The stock has a market cap of $5.66 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. The firm's fifty day moving average is $73.49 and its two-hundred day moving average is $73.13. 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 issued 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 during 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts forecast 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 paid a $0.703 dividend. The ex-dividend date of this dividend was 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 (DPR) is 70.96%.

Analyst Ratings Changes

A number of research analysts have weighed in on BKH shares. Bank of America lifted their price objective on shares of 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 lowered 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. Weiss Ratings upgraded Black Hills from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 24th. Oppenheimer set a $78.00 price target on Black Hills in a research note on Thursday, June 11th. Finally, Wall Street Zen raised Black Hills from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price 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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