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Black Hills - BKH Stock Forecast, Price & News

$79.00
+0.26 (+0.33%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$78.69
$79.36
50-Day Range
$66.81
$79.00
52-Week Range
$61.95
$80.95
Volume
172,740 shs
Average Volume
370,839 shs
Market Capitalization
$5.12 billion
P/E Ratio
19.04
Dividend Yield
3.02%
Price Target
$78.00

Black Hills MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
1.3% Downside
$78.00 Price Target
Short Interest
Bearish
4.23% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.63mentions of Black Hills in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$36,810 Sold Last Quarter
Proj. Earnings Growth
4.39%
From $4.10 to $4.28 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.27 out of 5 stars

Utilities Sector

41st out of 87 stocks

Electric Services Industry

19th out of 42 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.

Analyst Upgrades and Downgrades

Several analysts have commented on BKH shares. Mizuho cut shares of Black Hills from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $71.00 to $76.00 in a research note on Friday, May 6th. StockNews.com upgraded shares of Black Hills from a "sell" rating to a "hold" rating in a research note on Tuesday, May 10th.

Black Hills Trading Up 0.3 %

NYSE:BKH traded up $0.26 during mid-day trading on Thursday, hitting $79.00. 172,740 shares of the stock traded hands, compared to its average volume of 370,837. The company has a quick ratio of 0.77, a current ratio of 0.97 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 3.07 and a beta of 0.49. The firm's 50 day moving average is $73.08 and its two-hundred day moving average is $73.31. Black Hills has a 52 week low of $61.95 and a 52 week high of $80.95.

Black Hills (NYSE:BKH - Get Rating) last issued its earnings results on Wednesday, August 3rd. The utilities provider reported $0.52 EPS 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 9.15%. During the same period in the prior year, the company posted $0.40 EPS. On average, equities research analysts predict that Black Hills will post 4.1 earnings per share for the current year.

Black Hills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be paid a $0.595 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $2.38 dividend on an annualized basis and a yield of 3.01%. Black Hills's dividend payout ratio is currently 57.35%.

Insiders Place Their Bets

In other news, Director Rebecca B. Roberts sold 500 shares of the company'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 value of $36,810.00. Following the completion of the sale, the director now owns 6,445 shares of the company's stock, valued at approximately $474,480.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.71% of the company's stock.

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BKH Stock News Headlines

This is Why Black Hills (BKH) is a Great Dividend Stock
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
Ex-Dividend for 9/1 Dividend
8/17/2022
Today
8/18/2022
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
-1.3%
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
$7.57 per share
Book Value
$46.01 per share

Miscellaneous

Free Float
64,373,000
Market Cap
$5.12 billion
Optionable
Optionable
Beta
0.49

Key Executives

  • Mr. Linden R. EvansMr. Linden R. Evans (Age 59)
    Pres, CEO & Director
    Comp: $2.2M
  • Mr. Richard W. Kinzley (Age 56)
    Sr. VP & CFO
    Comp: $1.01M
  • Mr. Erik D. Keller (Age 58)
    Sr. VP & Chief Information Officer
    Comp: $631.26k
  • Mr. Brian G. Iverson (Age 59)
    Sr. VP, Gen. Counsel & Chief Compliance Officer
    Comp: $774.89k
  • Mr. Stuart A. WevikMr. Stuart A. Wevik (Age 60)
    Sr. VP of Utility Operations
    Comp: $792.31k
  • Mr. Jerome E. Nichols
    Director of Investor Relations
  • Ms. Jennifer C. Landis (Age 47)
    Sr. VP & Chief HR Officer
  • Mr. Garner M. Anderson (Age 60)
    Chief Risk Officer & VP
  • Ms. Esther J. Newbrough
    VP & Corp. Controller
  • Ms. Kimberly F. Nooney
    VP & Treasurer













BKH Stock - Frequently Asked Questions

Should I buy or sell Black Hills stock right now?

2 Wall Street 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 analysts is that investors should "buy" BKH shares.
View BKH analyst ratings
or view top-rated stocks.

What is Black Hills' stock price forecast for 2022?

2 brokers 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 twelve months. This suggests that the stock has a possible downside of 1.3%.
View analysts price targets for BKH
or view top-rated stocks among Wall Street analysts.

How have BKH shares performed in 2022?

Black Hills' stock was trading at $70.57 at the beginning of 2022. Since then, BKH shares have increased by 11.9% and is now trading at $79.00.
View the best growth stocks for 2022 here
.

When is Black Hills' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our BKH earnings forecast
.

How were Black Hills' earnings last quarter?

Black Hills Co. (NYSE:BKH) released its earnings results on Wednesday, August, 3rd. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.42 by $0.10. Black Hills had a trailing twelve-month return on equity of 9.15% and a net margin of 11.88%. During the same quarter in the prior year, the company posted $0.40 earnings per share.

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

Black Hills announced a quarterly dividend on Monday, July 25th. Stockholders 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 dividend yield of 3.01%. The ex-dividend date is Wednesday, August 17th.
Read our dividend analysis for BKH
.

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 3.02%. 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 55.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BKH.

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

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

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

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.

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 institutional and retail investors. Top institutional shareholders include State Street Corp (10.03%), Macquarie Group Ltd. (3.86%), Massachusetts Financial Services Co. MA (1.62%), Franklin Resources Inc. (1.56%), Northern Trust Corp (1.49%) and Victory Capital Management Inc. (1.30%). 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.
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 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 $79.00.

How much money does Black Hills make?

Black Hills (NYSE:BKH) has a market capitalization of $5.12 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?

The company 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 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.

This page (NYSE:BKH) was last updated on 8/18/2022 by MarketBeat.com Staff

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