Black Hills - BKH Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Black Hills in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" BKH shares.
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2 Wall Street research analysts have issued 12 month target prices for Black Hills' shares. Their BKH share price forecasts range from $76.00 to $80.00. On average, they anticipate the company's share price to reach $78.00 in the next year. This suggests a possible upside of 0.3% from the stock's current price.
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Black Hills' stock was trading at $70.57 at the beginning of the year. Since then, BKH stock has increased by 10.2% and is now trading at $77.80.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Black Hills Co. (NYSE:BKH) posted its earnings results on Wednesday, August, 3rd. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.10. Black Hills had a net margin of 11.88% and a trailing twelve-month return on equity of 9.15%. During the same period last year, the firm earned $0.40 earnings per share.

Black Hills declared a quarterly dividend on Monday, July 25th. Shareholders of record on Thursday, August 18th will be given a dividend of $0.595 per share on Thursday, September 1st. This represents a $2.38 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Wednesday, August 17th.
Read our dividend analysis for BKH.

Black Hills (NYSE:BKH) pays an annual dividend of $2.38 per share and currently has a dividend yield of 3.13%. 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 57.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BKH will have a dividend payout ratio of 55.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BKH.

Black Hills issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of $3.95-$4.15 for the period, compared to the consensus earnings per share estimate of $4.08. The company issued revenue guidance of -.

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 institutional and retail investors. Top institutional investors include Franklin Resources Inc. (1.56%), Northern Trust Corp (1.49%), Victory Capital Management Inc. (1.30%), FMR LLC (0.82%), ProShare Advisors LLC (0.65%) and Clearbridge Investments LLC (0.47%). Insiders that own company stock include David R Emery, Kathleen S Mcallister, Linden R Evans, Rebecca B Roberts, Shonn D Stahlecker, Stuart A Wevik, Stuart A Wevik and Tony A Jensen.
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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 $77.80.

Black Hills (NYSE:BKH) has a market capitalization of $5.04 billion and generates $1.95 billion in revenue each year. The utilities provider earns $236.74 million in net income (profit) each year or $4.15 on an earnings per share basis.

The company employs 2,884 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.