S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
NYSE:BKH

Black Hills - BKH Stock Forecast, Price & News

$74.40
-0.63 (-0.84%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$73.53
$74.60
50-Day Range
$66.81
$77.31
52-Week Range
$61.95
$80.95
Volume
412,512 shs
Average Volume
299,771 shs
Market Capitalization
$4.82 billion
P/E Ratio
17.93
Dividend Yield
3.20%
Price Target
$78.00

Black Hills MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
4.8% Upside
$78.00 Price Target
Short Interest
Bearish
4.16% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.43mentions of Black Hills in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$36,810 Sold Last Quarter
Proj. Earnings Growth
5.93%
From $4.05 to $4.29 Per Share

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

52nd out of 107 stocks

Electric Services Industry

21st out of 54 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 218,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,481.5 megawatts of generation capacity and 8,892 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,094,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; owns and operates 4,732 miles of intrastate gas transmission pipelines; 41,644 miles of gas distribution mains and service lines; six 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.

Analysts Set New Price Targets

Several analysts recently weighed in on BKH shares. StockNews.com raised shares of Black Hills from a "sell" rating to a "hold" rating in a report on Tuesday, May 10th. Mizuho cut shares of Black Hills from a "buy" rating to a "neutral" rating and raised their target price for the company from $71.00 to $76.00 in a report on Friday, May 6th.

Black Hills Stock Down 0.8 %

BKH Stock traded down $0.63 during midday trading on Friday, reaching $74.40. 412,512 shares of the company were exchanged, compared to its average volume of 299,771. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.93 and a current ratio of 1.07. Black Hills has a 1-year low of $61.95 and a 1-year high of $80.95. The stock's 50-day simple moving average is $72.95 and its 200 day simple moving average is $72.79. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 2.93 and a beta of 0.49.

Black Hills (NYSE:BKH - Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.10. Black Hills had a net margin of 11.88% and a return on equity of 9.22%. During the same quarter in the previous year, the company earned $0.40 EPS. On average, equities analysts forecast that Black Hills will post 4.05 earnings per share for the current year.

Black Hills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be given a dividend of $0.595 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 3.20%. Black Hills's dividend payout ratio (DPR) is presently 57.35%.

Insider Transactions at Black Hills

In other news, Director Rebecca B. Roberts sold 500 shares of the firm's stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $73.62, for a total transaction of $36,810.00. Following the transaction, the director now directly owns 6,445 shares in the company, valued at $474,480.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.71% of the company's stock.

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BKH Stock News Headlines

Black Hills (BKH) Could Be a Great Choice
7 Safe Dividends Stocks to Buy in July
Black Hills Corp - Stock Quote BKH
Black Hills BKH Investment Report
Black Hills Q1 2022 Earnings Preview
Black Hills Corp. Tops Q1 EPS by 17c
See More Headlines
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BKH Company Calendar

Ex-Dividend for 6/1 Dividend
5/17/2022
Dividend Payable
6/01/2022
Last Earnings
8/03/2022
Today
8/07/2022
Ex-Dividend for 9/1 Dividend
8/17/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
09211310
Employees
2,884
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$78.00
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$76.00
Forecasted Upside/Downside
+4.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$236.74 million
Pretax Margin
13.35%

Debt

Sales & Book Value

Annual Sales
$1.95 billion
Cash Flow
$7.55 per share
Book Value
$45.48 per share

Miscellaneous

Free Float
64,373,000
Market Cap
$4.82 billion
Optionable
Optionable
Beta
0.49

Key Executives














BKH Stock - Frequently Asked Questions

Should I buy or sell Black Hills stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Black Hills in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Black Hills stock.
View analyst ratings for Black Hills
or view top-rated stocks.

What is Black Hills' stock price forecast for 2022?

2 equities research analysts have issued twelve-month target prices for Black Hills' stock. Their BKH stock forecasts range from $76.00 to $80.00. On average, they expect Black Hills' stock price to reach $78.00 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price.
View analysts' price targets for Black Hills
or view top-rated stocks among Wall Street analysts.

How has Black Hills' stock performed in 2022?

Black Hills' stock was trading at $70.57 at the beginning of 2022. Since then, BKH stock has increased by 5.4% and is now trading at $74.40.
View the best growth stocks for 2022 here
.

When is Black Hills' next earnings date?

Black Hills is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our earnings forecast for Black Hills
.

How were Black Hills' earnings last quarter?

Black Hills Co. (NYSE:BKH) released its quarterly 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 9.22%. During the same quarter last year, the firm posted $0.40 EPS.

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

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 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, August 17th.
View Black Hills' dividend history
.

Is Black Hills a good dividend stock?

Black Hills(NYSE:BKH) pays an annual dividend of $2.38 per share and currently has a dividend yield of 3.20%. Black Hills 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 of Black Hills is 57.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Black Hills will have a dividend payout ratio of 55.48% next year. This indicates that Black Hills will be able to sustain or increase its dividend.
View Black Hills' dividend history.

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

Black Hills issued an update on its FY22 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share guidance of $3.95-$4.15 for the period, compared to the consensus EPS estimate of $4.08.

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

9 employees have rated Black Hills CEO Linn Evans on Glassdoor.com. Linn Evans has an approval rating of 85% among Black Hills' 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 a variety of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (1.30%), ProShare Advisors LLC (0.65%), River Road Asset Management LLC (0.33%), Leeward Investments LLC MA (0.31%), Farmers & Merchants Investments Inc. (0.26%) and John G Ullman & Associates Inc. (0.21%). Company insiders that own Black Hills stock include David R Emery, Kathleen S Mcallister, Linden R Evans, Rebecca B Roberts, Richard Kinzley, Shonn D Stahlecker, Stuart A Wevik, Stuart A Wevik and Tony A Jensen.
View institutional ownership trends for Black Hills
.

How do I buy shares of Black Hills?

Shares of BKH 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 $74.40.

How much money does Black Hills make?

Black Hills (NYSE:BKH) has a market capitalization of $4.82 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.

How many employees does Black Hills have?

Black Hills employs 2,884 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 Black Hills 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 8/7/2022 by MarketBeat.com Staff

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