Black Hills - BKH Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Black Hills in the last twelve months. There are currently 3 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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3 brokerages have issued 12 month target prices for Black Hills' stock. Their BKH share price forecasts range from $66.00 to $84.00. On average, they predict the company's share price to reach $74.25 in the next twelve months. This suggests a possible upside of 3.2% 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 stock has increased by 2.3% and is now trading at $71.95.
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Black Hills saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,340,000 shares, an increase of 9.9% from the December 31st total of 2,130,000 shares. Based on an average daily trading volume, of 392,400 shares, the days-to-cover ratio is currently 6.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
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Black Hills will be holding an earnings conference call on Wednesday, February 8th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Black Hills Co. (NYSE:BKH) issued its quarterly earnings results on Tuesday, November, 2nd. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.06. The utilities provider had revenue of $380.60 million for the quarter. Black Hills had a trailing twelve-month return on equity of 8.70% and a net margin of 11.07%. During the same quarter in the prior year, the company earned $0.58 earnings per share.

Black Hills announced a quarterly dividend on Wednesday, January 25th. Stockholders of record on Tuesday, February 14th will be given a dividend of $0.625 per share on Wednesday, March 1st. This represents a $2.50 annualized dividend and a yield of 3.47%. The ex-dividend date is Monday, February 13th.
Read our dividend analysis for BKH.

Black Hills (NYSE:BKH) pays an annual dividend of $2.50 per share and currently has a dividend yield of 3.47%. 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%. Based on earnings estimates, BKH will have a dividend payout ratio of 62.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BKH.

Black Hills updated its FY 2023 earnings guidance on Saturday, December, 31st. The company provided earnings per share (EPS) guidance of $4.00-$4.20 for the period, compared to the consensus earnings per share estimate of $4.20. 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 ProShare Advisors LLC (1.03%), River Road Asset Management LLC (0.32%), Leeward Investments LLC MA (0.30%), Farmers & Merchants Investments Inc. (0.26%), Coann Capital LLC (0.16%) and New York State Teachers Retirement System (0.15%). Insiders that own company stock include David R Emery, Kathleen S Mcallister, Linden R Evans, Rebecca B Roberts, 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 $71.95.

Black Hills (NYSE:BKH) has a market capitalization of $4.68 billion and generates $1.95 billion in revenue each year. The utilities provider earns $236.74 million in net income (profit) each year or $3.99 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.