Black Hills (BKH) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Black Hills in the last twelve months. There are currently 2 sell ratings and 4 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 12 month price targets for Black Hills' stock. Their BKH share price forecasts range from $56.00 to $67.00. On average, they predict the company's share price to reach $62.17 in the next twelve months. This suggests a possible upside of 13.9% from the stock's current price.
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Black Hills' stock was trading at $70.34 on January 1st, 2023. Since then, BKH shares have decreased by 22.4% and is now trading at $54.60.
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Black Hills saw a increase in short interest in the month of 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 trading volume of 590,700 shares, the short-interest ratio is presently 2.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our BKH earnings forecast.

Black Hills Co. (NYSE:BKH) issued its quarterly earnings data on Wednesday, August, 2nd. The utilities provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.03. The utilities provider had revenue of $411.30 million for the quarter, compared to analyst estimates of $552.13 million. Black Hills had a trailing twelve-month return on equity of 7.85% and a net margin of 9.46%. Black Hills's quarterly revenue was down 12.9% on a year-over-year basis. During the same period last year, the company posted $0.52 earnings per share.

Black Hills announced a quarterly dividend on Monday, July 24th. Investors 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 4.58%. The ex-dividend date is Thursday, August 17th.
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), KFA Value Line Dynamic Core 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 (NYSE:BKH) pays an annual dividend of $2.50 per share and currently has a dividend yield of 4.57%. 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.

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

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

Black Hills' stock is owned by a number of 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.
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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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One share of BKH stock can currently be purchased for approximately $54.60.

Black Hills (NYSE:BKH) has a market capitalization of $3.66 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.

The company employs 2,982 workers across the globe.

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.