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NYSE:BKH

Black Hills (BKH) Stock Forecast, Price & News

$52.05
-1.72 (-3.20%)
(As of 09/26/2023 ET)
Compare
Today's Range
$51.95
$53.59
50-Day Range
$53.52
$61.54
52-Week Range
$51.95
$73.98
Volume
353,921 shs
Average Volume
496,882 shs
Market Capitalization
$3.49 billion
P/E Ratio
13.95
Dividend Yield
4.80%
Price Target
$61.67

Black Hills MarketRank™ Forecast

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
18.5% Upside
$61.67 Price Target
Short Interest
Healthy
2.55% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.05
Upright™ Environmental Score
News Sentiment
0.61mentions of Black Hills in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.13 out of 5 stars

Utilities Sector

63rd out of 84 stocks

Electric Services Industry

32nd out of 41 stocks


BKH stock logo

About Black Hills (NYSE:BKH) Stock

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 220,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,482 megawatts of generation capacity and 9,024 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,107,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; owns and operates 4,713 miles of intrastate gas transmission pipelines; 42,222 miles of gas distribution mains and service lines; seven natural gas storage sites; and approximately 50,000 horsepower of compression and 515 miles of gathering lines. The company also constructs and maintains gas infrastructure facilities for gas transportation customers; and provides appliance repair services to residential utility customers, as well as electrical system construction services to large industrial customers. In addition, it produces electric power through wind, natural gas, and coal-fired generating plants; and coal at its coal mine located near Gillette, Wyoming. The company was incorporated in 1941 and is headquartered in Rapid City, South Dakota.

BKH Price History

BKH Stock News Headlines

Brokerages Set Black Hills Co. (NYSE:BKH) Target Price at $62.17
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Mizuho Lowers Black Hills (NYSE:BKH) Price Target to $53.00
Expert Ratings for Black Hills
Black Hills Co. (NYSE:BKH) Short Interest Update
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Mizuho Securities Keeps Their Sell Rating on Black Hills (BKH)
Black Hills: Buy, Sell, or Hold?
Q2 2023 Black Hills Corp Earnings Call
BKH - Black Hills Corporation
Why I Believe Black Hills Corporation Is A Buy Now
See More Headlines
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BKH Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 9/1 Dividend
8/17/2023
Dividend Payable
9/01/2023
Today
9/26/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
09211310
Employees
2,982
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$61.67
High Stock Price Forecast
$67.00
Low Stock Price Forecast
$53.00
Forecasted Upside/Downside
+16.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
6 Analysts

Profitability

Net Income
$258.39 million
Pretax Margin
10.74%

Debt

Sales & Book Value

Annual Sales
$2.55 billion
Cash Flow
$7.86 per share
Book Value
$47.48 per share

Miscellaneous

Free Float
66,702,000
Market Cap
$3.55 billion
Optionable
Optionable
Beta
0.59
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Key Executives

  • Mr. Linden R. EvansMr. Linden R. Evans (Age 60)
    Pres, CEO & Director
    Comp: $2.09M
  • Mr. Erik D. Keller (Age 59)
    Sr. VP & Chief Information Officer
    Comp: $587.11k
  • Mr. Brian G. Iverson (Age 60)
    Sr. VP, Gen. Counsel & Chief Compliance Officer
    Comp: $754.79k
  • Ms. Kimberly F. Nooney
    Sr. VP & CFO
  • Mr. Jerome E. Nichols
    Director of Investor Relations
  • Ms. Todd Jacobs
    Sr. VP Growth and Strategy
  • Ms. Marne M. Jones (Age 50)
    Sr. VP of Utilities
  • Ms. Amy K. Koenig (Age 49)
    VP of Governance, Corp. Sec. & Deputy Gen. Counsel
  • Mr. Courtney Hebert
    VP, Corp. Controller & Chief Risk Officer
  • Mr. Tom Stevens
    VP & Treasurer













BKH Stock - Frequently Asked Questions

Should I buy or sell Black Hills stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Black Hills in the last year. There are currently 2 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" BKH shares.
View BKH analyst ratings
or view top-rated stocks.

What is Black Hills' stock price forecast for 2023?

6 Wall Street analysts have issued 12-month price targets for Black Hills' stock. Their BKH share price forecasts range from $53.00 to $67.00. On average, they anticipate the company's stock price to reach $61.67 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price.
View analysts price targets for BKH
or view top-rated stocks among Wall Street analysts.

How have BKH shares performed in 2023?

Black Hills' stock was trading at $70.34 at the beginning of 2023. Since then, BKH shares have decreased by 24.8% and is now trading at $52.89.
View the best growth stocks for 2023 here
.

Are investors shorting Black Hills?

Black Hills saw a increase in short interest in August. As of August 31st, there was short interest totaling 1,710,000 shares, an increase of 18.8% from the August 15th total of 1,440,000 shares. Based on an average daily trading volume, of 590,700 shares, the days-to-cover ratio is presently 2.9 days.
View Black Hills' Short Interest
.

When is Black Hills' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our BKH earnings forecast
.

How were Black Hills' earnings last quarter?

Black Hills Co. (NYSE:BKH) announced its earnings results on Wednesday, August, 2nd. The utilities provider reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by $0.03. The utilities provider earned $411.30 million during the quarter, compared to the consensus estimate of $552.13 million. Black Hills had a trailing twelve-month return on equity of 7.85% and a net margin of 9.46%. The business's revenue was down 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS.

How often does Black Hills pay dividends? What is the dividend yield for Black Hills?

Black Hills announced a quarterly dividend on Monday, July 24th. Shareholders of record on Friday, August 18th will be given a dividend of $0.625 per share on Friday, September 1st. This represents a $2.50 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Thursday, August 17th.
Read our dividend analysis for BKH
.

Is Black Hills a good dividend stock?

Black Hills (NYSE:BKH) pays an annual dividend of $2.50 per share and currently has a dividend yield of 4.66%. 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 67.02%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for BKH.

What guidance has Black Hills issued on next quarter's earnings?

Black Hills issued an update on its FY23 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $3.65-$3.85 for the period, compared to the consensus estimate of $3.76.

What is Linn Evans' approval rating as Black Hills' CEO?

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.

What other stocks do shareholders of Black Hills own?

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).

What is Black Hills' stock symbol?

Black Hills trades on the New York Stock Exchange (NYSE) under the ticker symbol "BKH."

Who are Black Hills' major shareholders?

Black Hills' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.65%), State Street Corp (11.87%), Capital Research Global Investors (3.04%), Geode Capital Management LLC (2.10%), Nuveen Asset Management LLC (1.62%) and Nuveen Asset Management LLC (1.62%). Insiders that own company stock include Kathleen S Mcallister, Rebecca B Roberts, Richard Kinzley, Stuart A Wevik and Stuart A Wevik.
View institutional ownership trends
.

How do I buy shares of Black Hills?

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.
Compare Top Brokerages Here.

What is Black Hills' stock price today?

One share of BKH stock can currently be purchased for approximately $52.89.

How much money does Black Hills make?

Black Hills (NYSE:BKH) has a market capitalization of $3.55 billion and generates $2.55 billion in revenue each year. The utilities provider earns $258.39 million in net income (profit) each year or $3.73 on an earnings per share basis.

How many employees does Black Hills have?

The company employs 2,982 workers across the globe.

How can I contact Black Hills?

Black Hills' mailing address is 7001 MOUNT RUSHMORE ROAD, RAPID CITY SD, 57702. The official website for the company is www.blackhillscorp.com. The utilities provider can be reached via phone at (605) 721-1700, via email at investorrelations@blackhillscorp.com, or via fax at 605-348-4748.

This page (NYSE:BKH) was last updated on 9/26/2023 by MarketBeat.com Staff

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