NYSE:BKHBlack Hills Stock Price, Forecast & News

$60.97

+0.38 (+0.63 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$60.36

Now: $60.97▼

$61.35

50-Day Range

$55.91

MA: $61.34▼

$67.69

52-Week Range

$48.07

Now: $60.97▼

$87.12

Volume264,900 shs

Average Volume428,895 shs

Market Capitalization$3.83 billion

P/E Ratio19.86

Dividend Yield3.51%

Beta0.33

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through Electric Utilities, Gas Utilities, Power Generation, and Mining segments. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 212,000 electric customers in Colorado, Montana, South Dakota, and Wyoming, as well as provides electrical system construction services to large industrial customers. This segment owns 939 megawatts of generation capacity and 8,858 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,054,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. It also provides appliance repair services to residential customers through company technicians and third-party service providers; and constructs and maintains gas infrastructure facilities for gas transportation customers. This segment owns and operates approximately 4,700 miles of intrastate gas transmission pipelines; 41,158 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 Power Generation segment produces electric power through wind, natural gas, and coal generating plants; and sells the electric capacity and energy primarily to utilities under long-term contracts. The Mining segment produces coal at its coal mine located near Gillette, Wyoming; and sells the coal to electric generation facilities. Black Hills Corporation was founded in 1941 and is headquartered in Rapid City, South Dakota.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Black Hills has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $72.86, Black Hills has a potential upside of 19.5% from its current price of $60.97.
Amount of Analyst Coverage
Black Hills has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
Black Hills has received 352 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Black Hills has received 389 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Black Hills has received 52.50% “underperform” votes from our community.

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.

5.0 Dividend Strength

Dividend Leadership
Black Hills is a leading dividend payer. It pays a dividend yield of 3.51%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Black Hills has been increasing its dividend for 50 years.
Dividend Coverage
The dividend payout ratio of Black Hills is 60.62 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Black Hills will have a dividend payout ratio of 56.32 % next year. This indicates that Black Hills will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Black Hills insiders have sold 118.31% more of their company's stock than they have bought. Specifically, they have bought $347,894.00 in company stock and sold $759,500.00 in company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Black Hills is held by insiders.
Percentage Held by Institutions
85.78% of the stock of Black Hills is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Black Hills are expected to grow by 7.65% in the coming year, from $3.53 to $3.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Black Hills is 19.86, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Black Hills is 19.86, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 29.39.
Price to Earnings Growth Ratio
Black Hills has a PEG Ratio of 2.92. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Black Hills has a P/B Ratio of 1.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.61 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electric services

Sub-IndustryMulti-Utilities

SectorUtilities

Current SymbolNYSE:BKH

Previous Symbol

CUSIP09211310

CIK1130464

Webwww.blackhillscorp.com

Phone605-721-1700

Debt

Debt-to-Equity Ratio1.20

Current Ratio0.68

Quick Ratio0.55

Price-To-Earnings

Trailing P/E Ratio19.86

Forward P/E Ratio17.27

P/E Growth2.92

Sales & Book Value

Annual Sales$1.73 billion

Price / Sales2.21

Cash Flow$7.06 per share

Price / Cash Flow8.63

Book Value$40.10 per share

Price / Book1.52

Profitability

EPS (Most Recent Fiscal Year)$3.53

Net Income$199.31 million

Net Margins11.27%

Return on Equity8.41%

Return on Assets2.83%

Miscellaneous

Employees2,944

Outstanding Shares62,750,000

Market Cap$3.83 billion

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

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Black Hills (NYSE:BKH) Frequently Asked Questions

How has Black Hills' stock been impacted by COVID-19 (Coronavirus)?

Black Hills' stock was trading at $70.28 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BKH shares have decreased by 13.2% and is now trading at $60.97. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Black Hills?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Black Hills in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Black Hills.

When is Black Hills' next earnings date?

Black Hills is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Black Hills.

How were Black Hills' earnings last quarter?

Black Hills Corp (NYSE:BKH) released its quarterly earnings data on Monday, May, 4th. The utilities provider reported $1.59 EPS for the quarter, missing the consensus estimate of $1.62 by $0.03. The utilities provider earned $537.10 million during the quarter, compared to the consensus estimate of $633.11 million. Black Hills had a net margin of 11.27% and a return on equity of 8.41%. During the same quarter in the prior year, the firm earned $1.73 earnings per share. View Black Hills' earnings history.

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

Black Hills announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.535 per share on Monday, June 1st. This represents a $2.14 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Friday, May 15th. View Black Hills' dividend history.

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

Black Hills issued an update on its FY20 earnings guidance on Monday, May, 4th. The company provided EPS guidance of $3.45-3.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.62.

What price target have analysts set for BKH?

8 Wall Street analysts have issued 12-month price objectives for Black Hills' stock. Their forecasts range from $66.00 to $88.00. On average, they anticipate Black Hills' stock price to reach $72.86 in the next year. This suggests a possible upside of 19.5% from the stock's current price. View analysts' price targets for Black Hills.

Has Black Hills been receiving favorable news coverage?

Headlines about BKH stock have been trending extremely negative recently, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Black Hills earned a daily sentiment score of -4.0 on InfoTrie's scale. They also gave news headlines about the utilities provider a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the stock's share price in the near term. View the latest news aboutBlack Hills.

Who are some of Black Hills' key competitors?

Some companies that are related to Black Hills include Dominion Energy (D), Sempra Energy (SRE), WEC Energy Group (WEC), Public Service Enterprise Group (PEG), Consolidated Edison (ED), DTE Energy (DTE), Ameren (AEE), CMS Energy (CMS), Alliant Energy (LNT), CenterPoint Energy (CNP), NiSource (NI), PG&E (PCG), Mdu Resources Group (MDU), NorthWestern (NWE) and Avista (AVA). View all competitors.

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), Bank of Hawaii (BOH), InterDigital Wireless (IDCC), Exxon Mobil (XOM), United Technologies (UTX), Duke Energy (DUK), Altria Group (MO), AT&T (T), Chevron (CVX) and Enterprise Products Partners (EPD).

Who are Black Hills' key executives?

Black Hills' management team includes the following people:

Mr. David R. Emery, Exec. Chairman (Age 56)
Mr. Linden R. Evans, Pres, CEO & Director (Age 56)
Mr. Richard W. Kinzley, Sr. VP & CFO (Age 53)
Mr. Scott A. Buchholz, Sr. VP & Chief Information Officer (Age 57)
Mr. Brian G. Iverson, Sr. VP, Chief Compliance Officer, Gen. Counsel & Corp. Sec. (Age 56)

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 investors include BlackRock Inc. (13.35%), State Street Corp (7.80%), Wellington Management Group LLP (4.56%), Alliancebernstein L.P. (2.28%), Franklin Resources Inc. (1.84%) and Janus Henderson Group PLC (1.70%). Company insiders that own Black Hills stock include Brian Iverson, David R Emery, Richard Kinzley, Shonn D Stahlecker and Tony A Jensen. View institutional ownership trends for Black Hills.

Which major investors are selling Black Hills stock?

BKH stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, BlackRock Inc., Invesco Ltd., UBS Group AG, Morgan Stanley, Morgan Stanley, State Street Corp, and AQR Capital Management LLC. Company insiders that have sold Black Hills company stock in the last year include Brian Iverson, David R Emery, Richard Kinzley, and Shonn D Stahlecker. View insider buying and selling activity for Black Hills.

Which major investors are buying Black Hills stock?

BKH stock was bought by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Pictet Asset Management Ltd., Alliancebernstein L.P., Victory Capital Management Inc., Victory Capital Management Inc., Strs Ohio, Lord Abbett & CO. LLC, and OLD Republic International Corp. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Black Hills' stock price today?

One share of BKH stock can currently be purchased for approximately $60.97.

How big of a company is Black Hills?

Black Hills has a market capitalization of $3.83 billion and generates $1.73 billion in revenue each year. The utilities provider earns $199.31 million in net income (profit) each year or $3.53 on an earnings per share basis. Black Hills employs 2,944 workers across the globe.

What is Black Hills' official website?

The official website for Black Hills is www.blackhillscorp.com.

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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff