Black Hills - BKH Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Black Hills in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 1-year target prices for Black Hills' shares. Their BKH share price forecasts range from $65.00 to $84.00. On average, they anticipate the company's stock price to reach $72.75 in the next twelve months. This suggests a possible upside of 2.9% from the stock's current price.
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Black Hills' stock was trading at $70.57 at the start of the year. Since then, BKH shares have increased by 0.2% and is now trading at $70.73.
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Black Hills saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 3,110,000 shares, an increase of 16.9% from the September 30th total of 2,660,000 shares. Based on an average trading volume of 384,300 shares, the short-interest ratio is presently 8.1 days.
View Black Hills' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our BKH earnings forecast.

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

Black Hills declared a quarterly dividend on Tuesday, October 25th. Stockholders of record on Thursday, November 17th will be given a dividend of $0.625 per share on Thursday, December 1st. This represents a $2.50 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, November 16th. This is a boost from the stock's previous quarterly dividend of $0.60.
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 3.53%. The company has been increasing its dividend for 51 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 60.24% 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 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $3.95-$4.15 for the period, compared to the consensus EPS estimate of $4.10. 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 BlackRock Inc. (16.25%), Vanguard Group Inc. (10.71%), State Street Corp (10.26%), Macquarie Group Ltd. (4.00%), Massachusetts Financial Services Co. MA (1.56%) and Bank of New York Mellon Corp (1.41%). 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 $70.73.

Black Hills (NYSE:BKH) has a market capitalization of $4.60 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.