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About Black Hills (NYSE:BKH)
Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility company in the United States. The company's Electric Utilities segment generates, transmits, and distributes electricity to approximately 210,000 electric customers in South Dakota, Wyoming, Colorado, and Montana. This segment owns 941 megawatts of generation capacity and 8,839 miles of electric transmission and distribution lines. Its Gas Utilities segment distributes natural gas to approximately 1,042,000 natural gas utility customers in Arkansas, Colorado, Iowa, Nebraska, Kansas, and Wyoming. This segment owns 4,656 miles of intrastate gas transmission pipelines and 40,455 miles of gas distribution mains and service lines; 7 natural gas storage sites; and approximately 45,000 horsepower of compression and 600 miles of gathering lines. The company's Power Generation segment produces electric power and sells the electric capacity and energy primarily to its utilities under long-term contracts. Its Mining segment produces coal at its coal mine located near Gillette, Wyoming and sells the coal to electric generation facilities. The company also provides appliance repair services to approximately 63,000 residential customers; and constructs and maintains gas infrastructure facilities and electrical systems for gas transportation and electric utilities customers. Black Hills Corporation was founded in 1941 and is headquartered in Rapid City, South Dakota.
Industry, Sector and Symbol
Industry Electric services
Sub-IndustryMulti-Utilities
SectorUtilities
SymbolNYSE:BKH
CUSIP09211310
Phone605-721-1700
Debt
Debt-to-Equity Ratio1.48
Current Ratio0.62
Quick Ratio0.52
Price-To-Earnings
Trailing P/E Ratio17.20
Forward P/E Ratio17.00
P/E Growth3.79
Sales & Book Value
Annual Sales$1.68 billion
Price / Sales1.84
Cash Flow$7.2328 per share
Price / Cash7.99
Book Value$35.97 per share
Price / Book1.61
Profitability
EPS (Most Recent Fiscal Year)$3.36
Net Income$177.03 million
Net Margins13.98%
Return on Equity10.49%
Return on Assets2.92%
Miscellaneous
Employees2,744
Outstanding Shares53,590,000
Black Hills (NYSE:BKH) Frequently Asked Questions
What is Black Hills' stock symbol?
Black Hills trades on the New York Stock Exchange (NYSE) under the ticker symbol "BKH."
How often does Black Hills pay dividends? What is the dividend yield for Black Hills?
Black Hills announced a quarterly dividend on Tuesday, April 24th. Stockholders of record on Friday, May 18th will be given a dividend of $0.475 per share on Friday, June 1st. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, May 17th. View Black Hills' Dividend History.
How were Black Hills' earnings last quarter?
Black Hills Corp (NYSE:BKH) issued its quarterly earnings results on Thursday, May, 3rd. The utilities provider reported $1.63 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.53 by $0.10. The utilities provider earned $575.40 million during the quarter, compared to analysts' expectations of $560.38 million. Black Hills had a return on equity of 10.49% and a net margin of 13.98%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 EPS. View Black Hills' Earnings History.
When is Black Hills' next earnings date?
What guidance has Black Hills issued on next quarter's earnings?
Black Hills issued an update on its FY18 earnings guidance on Thursday, May, 3rd. The company provided EPS guidance of $3.30-3.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.44.
What price target have analysts set for BKH?
6 brokers have issued 12 month price objectives for Black Hills' shares. Their predictions range from $53.00 to $64.00. On average, they expect Black Hills' stock price to reach $59.6667 in the next twelve months. View Analyst Ratings for Black Hills.
Who are some of Black Hills' key competitors?
Some companies that are related to Black Hills include Vistra Energy (VST), Enel Américas (ENIA), Centrica (CPYYY), Houston Lighting & Power (CNP), Huaneng Power International (HNP), Red Eléctrica de Espańa (RDEIY), NRG Energy (NRG), China Resources Power (CRPJY), Pinnacle West Capital (PNW), Great Plains Energy (GXP), OGE Energy (OGE), ENGIE BRASIL EN/S (EGIEY), CPFL Energia (CPL), Enel Generación Chile (EOCC) and Eletrobras (EBR).
Who are Black Hills' key executives?
Black Hills' management team includes the folowing people:
- Mr. David R. Emery, Chairman & CEO (Age 55)
- Mr. Linden R. Evans, Pres and Chief Operating Officer (Age 55)
- Mr. Richard W. Kinzley, Sr. VP & CFO (Age 52)
- Mr. Scott A. Buchholz, Sr. VP & Chief Information Officer (Age 56)
- Mr. Brian G. Iverson, Chief Compliance Officer, Sr. VP & Gen. Counsel (Age 55)
Has Black Hills been receiving favorable news coverage?
News stories about BKH stock have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Black Hills earned a news impact score of 0.13 on Accern's scale. They also assigned press coverage about the utilities provider an impact score of 45.30 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Black Hills' major shareholders?
Black Hills' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.20%), Franklin Resources Inc. (2.73%), OppenheimerFunds Inc. (2.62%), Victory Capital Management Inc. (2.38%), Dimensional Fund Advisors LP (1.86%) and Northern Trust Corp (1.57%). Company insiders that own Black Hills stock include Jennifer C Landis and Thomas J Zeller. View Institutional Ownership Trends for Black Hills.
Which institutional investors are selling Black Hills stock?
BKH stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Epoch Investment Partners Inc., Millennium Management LLC, Sei Investments Co., Engineers Gate Manager LP, Teacher Retirement System of Texas, Hennessy Advisors Inc. and Wells Fargo & Company MN. View Insider Buying and Selling for Black Hills.
Which institutional investors are buying Black Hills stock?
BKH stock was acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Nuveen Asset Management LLC, Victory Capital Management Inc., River Road Asset Management LLC, Denver Investment Advisors LLC, OLD Republic International Corp, OLD Republic International Corp and Massachusetts Financial Services Co. MA. View Insider Buying and Selling 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Black Hills' stock price today?
One share of BKH stock can currently be purchased for approximately $57.79.
How big of a company is Black Hills?
Black Hills has a market capitalization of $3.06 billion and generates $1.68 billion in revenue each year. The utilities provider earns $177.03 million in net income (profit) each year or $3.36 on an earnings per share basis. Black Hills employs 2,744 workers across the globe.
How can I contact Black Hills?
Black Hills' mailing address is 7001 MOUNT RUSHMORE ROAD, RAPID CITY SD, 57702. The utilities provider can be reached via phone at 605-721-1700 or via email at [email protected]
MarketBeat Community Rating for Black Hills (BKH)
MarketBeat's community ratings are surveys of what our community members think about Black Hills and other stocks. Vote "Outperform" if you believe BKH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BKH will underperform the S&P 500 over the long term. You may vote once every thirty days.
Black Hills (NYSE:BKH) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Black Hills in the last 12 months. Their average twelve-month price target is $59.6667, suggesting that the stock has a possible upside of 3.25%. The high price target for BKH is $64.00 and the low price target for BKH is $53.00. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Buy | Buy | Buy |
| Consensus Rating Score: | 2.33 | 2.50 | 2.50 | 2.63 |
| Ratings Breakdown: | 0 Sell Rating(s)
4 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $59.6667 | $64.1250 | $64.50 | $68.1250 |
| Price Target Upside: | 3.25% upside | 18.66% upside | 24.64% upside | 18.29% upside |
Black Hills (NYSE:BKH) Consensus Price Target History
Black Hills (NYSE:BKH) Analyst Ratings History
Show:
(Data available from 5/26/2016 forward)
Black Hills (NYSE:BKH) Dividend Information
Black Hills pays an annual dividend of $1.90 per share, with a dividend yield of 3.29%. BKH's next quarterly dividend payment will be made on Friday, June 1. The company has grown its dividend for the last 48 consecutive years and is increasing its dividend by an average of 5.10% each year. Black Hills pays out 56.55% of its earnings out as a dividend.
| Next Dividend: | 6/1/2018 |
| Annual Dividend: | $1.90 |
| Dividend Yield: | 3.29% |
| Dividend Growth: | 5.10% (3 Year Average) |
| Payout Ratio(s): | 56.55% (Trailing 12 Months of Earnings)
55.88% (Based on This Year's Estimates)
55.23% (Based on Next Year's Estimates)
26.27% (Based on Cash Flow)
|
| Track Record: | 48 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Black Hills (NYSE:BKH) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/24/2018 | quarterly | $0.4750 | 3.43% | 5/17/2018 | 5/18/2018 | 6/1/2018 |
| 2/5/2018 | quarterly | $0.4750 | 3.63% | 2/14/2018 | 2/15/2018 | 3/1/2018 |
| 11/1/2017 | Quarterly | $0.4750 | 3.18% | 11/16/2017 | 11/17/2017 | 12/1/2017 |
| 7/27/2017 | quarterly | $0.4450 | 2.56% | 8/16/2017 | 8/18/2017 | 9/1/2017 |
| 4/25/2017 | quarterly | $0.4450 | 2.6% | 5/16/2017 | 5/18/2017 | 6/1/2017 |
| 1/26/2017 | quarterly | $0.4450 | 2.85% | 2/13/2017 | 2/15/2017 | 3/1/2017 |
| 10/25/2016 | quarterly | $0.42 | 2.78% | 11/15/2016 | 11/17/2016 | 12/1/2016 |
| 8/1/2016 | quarterly | $0.42 | 2.64% | 8/16/2016 | 8/18/2016 | 9/1/2016 |
| 4/26/2016 | quarterly | $0.42 | 2.85% | 5/16/2016 | 5/18/2016 | 6/1/2016 |
| 1/28/2016 | quarterly | $0.42 | 3.34% | 2/11/2016 | 2/16/2016 | 3/1/2016 |
| 10/27/2015 | quarterly | $0.4050 | 3.54% | 11/13/2015 | 11/17/2015 | 12/1/2015 |
| 7/30/2015 | quarterly | $0.4050 | 3.96% | 8/14/2015 | 8/18/2015 | 9/1/2015 |
| 4/28/2015 | quarterly | $0.4050 | 3.18% | 5/14/2015 | 5/18/2015 | 6/1/2015 |
| 1/29/2015 | quarterly | $0.4050 | 3.13% | 2/11/2015 | 2/13/2015 | 3/1/2015 |
| 10/28/2014 | quarterly | $0.39 | 2.93% | 11/13/2014 | 11/17/2014 | 12/1/2014 |
| 7/30/2014 | quarterly | $0.39 | 2.96% | 8/13/2014 | 8/15/2014 | 9/1/2014 |
| 4/29/2014 | quarterly | $0.39 | 2.71% | 5/14/2014 | 5/16/2014 | 6/1/2014 |
| 2/3/2014 | quarterly | $0.39 | 2.94% | 2/12/2014 | 2/14/2014 | 3/1/2014 |
| 10/29/2013 | quarterly | $0.38 | 3% | 11/13/2013 | 11/15/2013 | 12/1/2013 |
| 7/25/2013 | quarterly | $0.38 | 2.89% | 8/14/2013 | 8/16/2013 | 9/1/2013 |
| 4/23/2013 | quarterly | $0.38 | 3.27% | 5/15/2013 | 5/17/2013 | 6/1/2013 |
| 1/31/2013 | quarterly | $0.38 | 3.72% | 2/13/2013 | 2/15/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Black Hills (NYSE BKH) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.10%
Institutional Ownership Percentage: 97.73%
Black Hills (NYSE BKH) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/3/2017 | Thomas J Zeller | Director | Sell | 284 | $65.28 | $18,539.52 | 9,674 |  |
| 2/8/2017 | Jennifer C Landis | SVP | Buy | 1,200 | $60.85 | $73,020.00 | 5,917 | |
| 11/6/2015 | Gary L Pechota | Director | Buy | 1,000 | $44.29 | $44,290.00 | 9,027 | |
| 8/26/2015 | Richard Kinzley | CFO | Buy | 1,087 | $38.76 | $42,132.12 | 23,190 | |
| 8/26/2015 | Steven Richard Mills | Director | Buy | 2,500 | $38.87 | $97,175.00 | 12,848 | |
| 8/12/2015 | Gary L Pechota | Director | Buy | 1,000 | $42.25 | $42,250.00 | | |
| 5/14/2015 | Gary L Pechota | Director | Buy | 1,000 | $46.96 | $46,960.00 | | |
| 3/6/2015 | Richard Kinzley | CFO | Buy | 1,003 | $48.81 | $48,956.43 | | |
| 2/10/2014 | Robert Myers | Insider | Sell | 2,500 | $54.14 | $135,350.00 | 25,801 | |
| 6/5/2013 | Michael Madison | Director | Buy | 4,850 | $47.49 | $230,326.50 | | |
| 8/27/2012 | Warren L Robinson | Director | Buy | 2,000 | $34.26 | $68,520.00 | | |
(Data available from 1/1/2013 forward)
Black Hills (NYSE BKH) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Free Pre-Market Technical Pulse on Centrais Eletricas Brasileiras and Three More Electric Utilities Stocks
finance.yahoo.com - May 23 at 8:04 AM |
 | Black Hills (BKH) Given New $60.00 Price Target at Credit Suisse Group
www.americanbankingnews.com - May 21 at 10:54 AM |
| Black Hills Co. (BKH) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - May 21 at 9:38 AM |
| Black Hills (BKH) Downgraded by ValuEngine to Sell
www.americanbankingnews.com - May 15 at 1:20 PM |
 | BKH Added as Top 10 Utility Dividend Stock With 3.30% Yield
www.nasdaq.com - May 10 at 5:57 PM |
| Edited Transcript of BKH earnings conference call or presentation 4-May-18 3:00pm GMT
finance.yahoo.com - May 5 at 8:00 AM |
 | Black Hills Corp's (BKH) CEO David Emery on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 4 at 5:52 PM |
| More on Black Hills Q1 results
seekingalpha.com - May 4 at 5:52 PM |
| Black Hills Corp Q1 adjusted earnings of $1.63 per share
www.nasdaq.com - May 4 at 8:03 AM |
 | Analysis: Positioning to Benefit within PTC, Black Hills, Mack-Cali Realty ...
globenewswire.com - May 4 at 8:03 AM |
 | Black Hills Corp. (BKH) Tops Q1 EPS by 10c
www.streetinsider.com - May 4 at 8:03 AM |
| Black Hills beats by $0.09, beats on revenue
seekingalpha.com - May 4 at 8:03 AM |
| Black Hills (BKH) Issues Earnings Results
www.americanbankingnews.com - May 3 at 9:20 PM |
| Black Hills (BKH) Updates FY18 Earnings Guidance
www.americanbankingnews.com - May 3 at 9:05 PM |
| Analysis: Positioning to Benefit within PTC, Black Hills, Mack-Cali Realty, Milacron, Rexahn Pharmaceuticals, and Sunoco LP — Research Highlights Growth, Revenue, and Consolidated Results
finance.yahoo.com - May 3 at 8:00 AM |
| Black Hills Corp. Subsidiary Selected for 60-Megawatt Wind Project in Colorado
finance.yahoo.com - May 1 at 5:30 PM |
| Black Hills Co. (BKH) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - April 26 at 10:10 AM |
| Black Hills (BKH) to Release Earnings on Thursday
www.americanbankingnews.com - April 26 at 1:02 AM |
| Black Hills Co. Declares Quarterly Dividend of $0.48 (BKH)
www.americanbankingnews.com - April 24 at 5:34 PM |
| Bottom Fishing The Aristocrats: Black Hills Corporation Is A Solid Utility
seekingalpha.com - April 17 at 6:13 PM |
| Black Hills' (BKH) Buy Rating Reiterated at Royal Bank of Canada
www.americanbankingnews.com - April 15 at 8:37 AM |
| Black Hills (BKH) and Nextera Energy Partners (NEP) Financial Contrast
www.americanbankingnews.com - April 14 at 7:43 AM |
| Black Hills (BKH) Rating Reiterated by Royal Bank of Canada
www.americanbankingnews.com - April 12 at 1:15 PM |
| Black Hills (BKH) Price Target Increased to $53.00 by Analysts at JPMorgan Chase
www.americanbankingnews.com - April 10 at 11:29 AM |
 | This Morning's Research Reports on Electric Utilities Stocks -- Atlantic Power, Black Hills, Centrais Eletricas Brasileiras, and NextEra Energy
www.bizjournals.com - April 10 at 8:04 AM |
| Black Hills Corp. Schedules 2018 First Quarter Earnings Release and Conference Call
finance.yahoo.com - April 6 at 5:57 PM |
| Black Hills (BKH) Earns Underperform Rating from Analysts at Bank of America
www.americanbankingnews.com - April 5 at 8:30 PM |
| Black Hills Co. (BKH) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - April 1 at 9:36 AM |
| Credit Suisse Group Downgrades Black Hills (BKH) to Neutral
www.americanbankingnews.com - March 30 at 12:12 PM |
| Williams Capital Upgrades Black Hills (BKH) to Buy
www.americanbankingnews.com - March 29 at 3:01 PM |
| Black Hills (BKH) Lifted to "Hold" at Zacks Investment Research
www.americanbankingnews.com - March 27 at 6:48 PM |
| Black Hills (BKH) Rating Lowered to Neutral at JPMorgan Chase & Co.
www.americanbankingnews.com - March 25 at 7:44 AM |
| Brookfield Infrastructure Partners (BIP) versus Black Hills (BKH) Head to Head Survey
www.americanbankingnews.com - March 22 at 1:22 AM |
| BLACK HILLS CORP. SENDS LETTER RESPONDING TO SAN ISABEL ELECTRIC ASSOCIATION AND SOUTHEAST COLORADO POWER ASSOCIATION
finance.yahoo.com - March 14 at 5:57 PM |
| Black Hills Corp (BKH) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - March 7 at 2:02 PM |
 | This Morning's Research Reports on Electric Utilities Stocks -- Atlantic Power, Black Hills, Calpine, and Centrais Eletricas Brasileiras
www.prnewswire.com - March 7 at 8:06 AM |
| Black Hills Corp (BKH) Shares Sold by Rhumbline Advisers
www.americanbankingnews.com - March 6 at 9:48 AM |
| Kennedy Capital Management Inc. Raises Position in Black Hills Corp (BKH)
www.americanbankingnews.com - March 2 at 5:27 PM |
| Black Hills Corp (BKH) Stake Lifted by BlackRock Inc.
www.americanbankingnews.com - March 2 at 4:54 AM |
| Sei Investments Co. Acquires 27,028 Shares of Black Hills Corp (BKH)
www.americanbankingnews.com - February 28 at 5:22 PM |
| Black Hills Corp (BKH) Stake Raised by Swiss National Bank
www.americanbankingnews.com - February 28 at 5:08 PM |
| Financial Counselors Inc. Reduces Stake in Black Hills Corp (BKH)
www.americanbankingnews.com - February 27 at 7:30 AM |
| OppenheimerFunds Inc. Has $81.78 Million Stake in Black Hills Corp (BKH)
www.americanbankingnews.com - February 25 at 1:20 PM |
| First Trust Advisors LP Purchases 89,193 Shares of Black Hills Corp (BKH)
www.americanbankingnews.com - February 24 at 5:42 AM |
| Black Hills Corporation (BKH) Ex-Dividend Date Scheduled for February
www.nasdaq.com - February 13 at 3:31 PM |
| Black Hills Corp (BKH) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - February 10 at 9:44 AM |
| $1.53 EPS Expected for Black Hills Corp (BKH) This Quarter
www.americanbankingnews.com - February 7 at 1:24 PM |
| Analysts Anticipate Black Hills Corp (BKH) to Announce $1.53 EPS
www.americanbankingnews.com - February 7 at 1:24 PM |
| Black Hills Corp (BKH) to Issue Quarterly Dividend of $0.48
www.americanbankingnews.com - February 5 at 6:00 PM |
| Black Hills (BKH) Announces Quarterly Earnings Results
www.americanbankingnews.com - February 3 at 1:02 PM |
Black Hills (NYSE:BKH) SEC Filings
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Black Hills (NYSE:BKH) Income Statement, Balance Sheet and Cash Flow Statement
Black Hills (NYSE BKH) Stock Chart for Saturday, May, 26, 2018
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