Black Hills - BKH Stock Forecast, Price & News

6 Wall Street equities research 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 equities research analysts is that investors should "hold" BKH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BKH, but not buy additional shares or sell existing shares.
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6 analysts have issued 12-month target prices for Black Hills' shares. Their BKH share price forecasts range from $60.00 to $84.00. On average, they predict the company's stock price to reach $67.29 in the next year. This suggests a possible upside of 6.6% from the stock's current price.
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Black Hills' stock was trading at $70.34 at the start of the year. Since then, BKH shares have decreased by 10.3% and is now trading at $63.10.
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Black Hills saw a decline in short interest in February. As of February 28th, there was short interest totaling 1,840,000 shares, a decline of 21.4% from the February 13th total of 2,340,000 shares. Based on an average daily trading volume, of 461,500 shares, the days-to-cover ratio is presently 4.0 days.
View Black Hills' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our BKH earnings forecast.

Black Hills Co. (NYSE:BKH) issued its earnings results on Wednesday, February, 8th. The utilities provider reported $1.11 EPS for the quarter, missing analysts' consensus estimates of $1.17 by $0.06. The utilities provider had revenue of $791.40 million for the quarter, compared to analyst estimates of $657.67 million. Black Hills had a trailing twelve-month return on equity of 8.59% and a net margin of 10.13%. The firm's revenue for the quarter was up 40.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 earnings per share.

Black Hills declared a quarterly dividend on Wednesday, January 25th. Shareholders of record on Tuesday, February 14th will be paid a dividend of $0.625 per share on Wednesday, March 1st. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Monday, February 13th.
Read our dividend analysis for BKH.

ETFs with the largest weight of Black Hills (NYSE:BKH) stock in their portfolio include Invesco High Yield Equity Dividend Achievers ETF (PEY), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Nuveen Small Cap Select ETF (NSCS), ProShares Russell US Dividend Growers ETF (TMDV), Trajan Wealth Income Opportunities ETF (TWIO), Invesco S&P MidCap Low Volatility ETF (XMLV), SPDR S&P Dividend ETF (SDY) and ProShares Russell 2000 Dividend Growers ETF (SMDV).

Black Hills (NYSE:BKH) pays an annual dividend of $2.50 per share and currently has a dividend yield of 4.04%. 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 62.66%. 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 Thursday, February, 23rd. The company provided earnings per share guidance of $3.65-3.85 for the period, compared to the consensus EPS estimate of $3.75.

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."

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 $63.10.

Black Hills (NYSE:BKH) has a market capitalization of $4.18 billion and generates $2.55 billion in revenue each year. The utilities provider earns $258.39 million in net income (profit) each year or $3.99 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.