Black Hills Stock Price, News & Analysis (NYSE:BKH)

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Black Hills in the last year. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" BKH shares.
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6 equities research analysts have issued twelve-month target prices for Black Hills' stock. Their BKH share price targets range from $49.00 to $67.00. On average, they predict the company's stock price to reach $59.83 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price.
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Black Hills' stock was trading at $70.34 at the beginning of 2023. Since then, BKH stock has decreased by 26.9% and is now trading at $51.40.
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Black Hills saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 2,260,000 shares, an increase of 15.9% from the October 31st total of 1,950,000 shares. Based on an average daily volume of 532,800 shares, the short-interest ratio is presently 4.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
View our BKH earnings forecast.

Black Hills Co. (NYSE:BKH) posted its quarterly earnings data on Wednesday, November, 1st. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.16. The utilities provider had revenue of $407.10 million for the quarter, compared to the consensus estimate of $579.85 million. Black Hills had a net margin of 10.08% and a trailing twelve-month return on equity of 8.01%. The firm's revenue was down 12.0% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS.

Black Hills declared a quarterly dividend on Monday, October 23rd. Stockholders of record on Friday, November 17th will be paid a dividend of $0.625 per share on Friday, December 1st. This represents a $2.50 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend is Thursday, November 16th.
Read our dividend analysis for BKH.

Black Hills (NYSE:BKH) pays an annual dividend of $2.50 per share and currently has a dividend yield of 4.85%. BKH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 52 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 64.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BKH will have a dividend payout ratio of 64.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BKH.

ETFs with the largest weight of Black Hills (NYSE:BKH) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Nuveen Small Cap Select ETF (NSCS), KraneShares Value Line Dynamic Dividend Equity Index ETF (KVLE), Trajan Wealth Income Opportunities ETF (TWIO), Invesco High Yield Equity Dividend Achievers ETF (PEY), Vanguard Russell 2000 Value ETF (VTWV) and Vanguard Utilities ETF (VPU).

Black Hills issued an update on its FY23 earnings guidance on Wednesday, November, 1st. The company provided earnings per share (EPS) guidance of $3.65-3.85 for the period, compared to the consensus earnings per share estimate of $3.72.

9 employees have rated Black Hills Chief Executive Officer Linn Evans on Glassdoor.com. Linn Evans has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Black Hills investors own include Verizon Communications (VZ), AT&T (T), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Altria Group (MO), United Technologies (UTX), Enterprise Products Partners (EPD), Coca-Cola (KO), Procter & Gamble (PG) and Bank of Hawaii (BOH).

Black Hills' stock is owned by many different institutional and retail investors. Top institutional investors include Fuller & Thaler Asset Management Inc. (1.98%), Northern Trust Corp (1.41%), Massachusetts Financial Services Co. MA (1.34%), Bank of New York Mellon Corp (1.32%), Invesco Ltd. (1.16%) and AQR Capital Management LLC (1.14%). Insiders that own company stock include Kathleen S Mcallister, Rebecca B Roberts, Richard Kinzley, Stuart A Wevik and Stuart A Wevik.
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Shares of BKH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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