Black Hills (NYSE:BKH) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Black Hills shares crossed above their 200-day moving average, reaching $77.48 and closing at $76.35, compared with the $73.17 long-term average.
• Analyst sentiment is broadly positive: the stock has a consensus “Buy” rating from eight analysts and an average price target of $83.25, with Bank of America raising its target to $97.
• Black Hills exceeded quarterly EPS expectations, earning $0.54 versus the $0.41 consensus estimate, while maintaining a quarterly dividend of $0.703 per share, equivalent to a 3.7% yield.

Black Hills Corporation (NYSE:BKH - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $73.17 and traded as high as $77.48. Black Hills shares last traded at $76.35, with a volume of 1,362,786 shares traded.

Analyst Upgrades and Downgrades

BKH has been the subject of a number of research analyst reports. Bank of America boosted their target price on shares of Black Hills from $87.00 to $97.00 and gave the stock a "buy" rating in a research report on Monday, September 21st. Jefferies Financial Group began coverage on Black Hills in a research report on Wednesday. They issued a "buy" rating and a $87.00 price target on the stock. Wall Street Zen upgraded Black Hills from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Freedom Broker raised Black Hills from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $69.00 to $78.00 in a research report on Wednesday, October 7th. Finally, Weiss Ratings raised Black Hills from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 24th. Eight research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $83.25.

Black Hills Stock Down 1.2%

The firm has a 50-day moving average price of $72.62 and a two-hundred day moving average price of $73.17. The company has a market capitalization of $5.82 billion, a P/E ratio of 19.28, a PEG ratio of 3.06 and a beta of 0.68. 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 announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.13. The business had revenue of $452.80 million for the quarter, compared to analyst estimates of $490.89 million. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. Black Hills's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts anticipate that Black Hills Corporation will post 4.34 EPS for the current fiscal year.

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.7030 per share. The ex-dividend date was Monday, August 17th. This represents a $2.81 annualized dividend and a dividend yield of 3.7%. Black Hills's payout ratio is presently 70.96%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Clearstead Trust LLC acquired a new stake in Black Hills during the second quarter worth $34,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Black Hills during the 2nd quarter worth about $34,000. GK Wealth Management LLC bought a new position in shares of Black Hills during the 3rd quarter worth about $44,000. Global Retirement Partners LLC acquired a new stake in shares of Black Hills during the 2nd quarter valued at about $56,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Black Hills during the 1st quarter valued at about $67,000. Institutional investors and hedge funds own 86.71% of the company's stock.

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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