Black Hills (BKH) Stock Price, News & Analysis

Company Overview

Black Hills Corporation (NYSE: BKH) is a diversified energy company headquartered in Rapid City, South Dakota. Founded in 1941, the company has evolved from a regional utility into a multi-state energy provider offering a range of electric and natural gas services. Over its history, Black Hills has expanded through strategic acquisitions and partnerships to serve both retail and wholesale markets.

The company operates primarily through two business lines: regulated utilities and energy infrastructure and services. Its regulated utilities segment delivers electricity generation, transmission and distribution, along with natural gas distribution, to residential, commercial and industrial customers. The energy infrastructure and services segment develops and operates wholesale electric generation and natural gas storage and transportation assets, supporting broader market needs and fostering infrastructure reliability.

Black Hills Corporation serves approximately one million customers across South Dakota, Wyoming, Montana, Colorado, Iowa and Nebraska. The company’s electric and natural gas networks span urban centers and rural communities, providing essential energy services and contributing to local economic development. In recent years, Black Hills has invested in renewable energy projects and grid modernization initiatives to enhance sustainability and resilience.

Under the leadership of President and Chief Executive Officer David R. Emery, Black Hills continues to focus on operational excellence, customer service and responsible growth. The executive team emphasizes safety, community engagement and regulatory compliance as cornerstones of its corporate strategy. As Black Hills looks to the future, it seeks to balance reliable energy delivery with investments in cleaner technologies and infrastructure upgrades.

Key Stats

• Today's Range: $56.99 to $57.25
• 50-Day Range: $55.66 to $61.83
• 52-Week Range: $54.92 to $65.59
• Volume: 13,704 shs
• Average Volume: 471,703 shs
• Market Capitalization: $4.16 billion
• P/E Ratio: 14.62
• Dividend Yield: 4.71%
• Price Target: $66.00
• Consensus Rating: Hold

Black Hills Stock Analysis - MarketRank™

Black Hills scored higher than 91% of companies evaluated by MarketBeat, and ranked 12th out of 99 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Black Hills has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Black Hills has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.83%

Earnings Growth

Earnings for Black Hills are expected to grow by 5.83% in the coming year, from $4.12 to $4.36 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Black Hills is 14.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.30.

Price to Earnings Ratio vs. Sector

The P/E ratio of Black Hills is 14.53, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 20.08.

Price to Earnings Growth Ratio

Black Hills has a PEG Ratio of 2.64. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Black Hills has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.46% of the float of Black Hills has been sold short.

Short Interest Ratio / Days to Cover

Black Hills has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Black Hills has recently decreased by 14.08%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Black Hills is a leading dividend payer. It pays a dividend yield of 4.75%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Black Hills has been increasing its dividend for 55 years.

Dividend Coverage

The dividend payout ratio of Black Hills is 68.88%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Black Hills will have a dividend payout ratio of 61.93% next year. This indicates that Black Hills will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.9 / 5
• Environmental Score: -6.56

Percentage of Shares Shorted

2.46% of the float of Black Hills has been sold short.

Short Interest Ratio / Days to Cover

Black Hills has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Black Hills has recently decreased by 14.08%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.32

News Sentiment

Black Hills has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.85 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Black Hills this week, compared to 9 articles on an average week.

Search Interest

12 people have searched for BKH on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

MarketBeat Follows

3 people have added Black Hills to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Black Hills insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.63% of the stock of Black Hills is held by insiders.

Percentage Held by Institutions

86.71% of the stock of Black Hills is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BKH Stock Analysis - Frequently Asked Questions

How have BKH shares performed this year?

Black Hills' stock was trading at $58.52 on January 1st, 2025. Since then, BKH stock has decreased by 2.7% and is now trading at $56.95.

How were Black Hills' earnings last quarter?

Black Hills Corporation (NYSE:BKH) posted its quarterly earnings data on Wednesday, May, 7th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.92 by $0.05. Black Hills's revenue was up 10.8% on a year-over-year basis.
Read the conference call transcript.

Who are Black Hills' major shareholders?

Top institutional shareholders of Black Hills include Martin Capital Partners LLC (0.15%), Assenagon Asset Management S.A. (0.04%), Harbor Capital Advisors Inc. (0.03%) and First PREMIER Bank (0.03%). Insiders that own company stock include Richard Kinzley and Rebecca B Roberts.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Black Hills own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Black Hills investors own include Chevron (CVX), AbbVie (ABBV), Altria Group (MO), Verizon Communications (VZ), Exxon Mobil (XOM), Walmart (WMT) and Johnson & Johnson (JNJ).

Company Calendar

• Last Earnings: 5/07/2025
• Record date for 6/1 Dividend: 5/16/2025
• Ex-Dividend for 6/1 Dividend: 5/16/2025
• Dividend Payable: 6/01/2025
• Today: 7/14/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Utilities - Regulated Electric
• Sub-Industry: Multi-Utilities
• Current Symbol: NYSE:BKH
• CIK: 1130464
• Web: www.blackhillscorp.com
• Phone: (605) 721-2000
• Fax: 605-348-4748
• Employees: 2,841
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Black Hills: $66.00
• High Price Target: $68.00
• Low Price Target: $64.00
• Potential Upside/Downside: +15.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.92
• Trailing P/E Ratio: 14.62
• Forward P/E Ratio: 13.91
• P/E Growth: 2.64
• Net Income: $273.10 million
• Net Margins: 12.67%
• Pretax Margin: 14.77%
• Return on Equity: 7.83%
• Return on Assets: 2.80%

Debt

• Debt-to-Equity Ratio: 1.06
• Current Ratio: 0.76
• Quick Ratio: 0.62

Sales & Book Value

• Annual Sales: $2.13 billion
• Price / Sales: 1.95
• Cash Flow: $7.79 per share
• Price / Cash Flow: 7.36
• Book Value: $50.09 per share
• Price / Book: 1.14

Miscellaneous

• Outstanding Shares: 72,510,000
• Free Float: 72,052,000
• Market Cap: $4.16 billion
• Optionable: Optionable
• Beta: 0.70