Thrivent Financial for Lutherans Has $6.99 Million Stock Position in Black Hills Corporation $BKH

Thrivent Financial for Lutherans cut its holdings in shares of Black Hills Corporation (NYSE:BKH) by 18.2% in the third quarter, Holdings Channel reports. The institutional investor owned 113,497 shares of the utilities provider’s stock after selling 25,195 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Black Hills were worth $6,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Spire Wealth Management increased its position in Black Hills by 4,115.4% during the second quarter. Spire Wealth Management now owns 548 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 535 shares during the period. TD Waterhouse Canada Inc. bought a new stake in Black Hills in the 2nd quarter valued at $31,000. Blue Trust Inc. grew its position in Black Hills by 37.8% in the 3rd quarter. Blue Trust Inc. now owns 641 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 176 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Black Hills during the second quarter valued at about $43,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Black Hills by 44.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock valued at $58,000 after buying an additional 317 shares during the last quarter. 86.71% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Kimberly F. Nooney sold 14,500 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $70.70, for a total transaction of $1,025,150.00. Following the completion of the sale, the chief financial officer owned 34,621 shares in the company, valued at $2,447,704.70. This trade represents a 29.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.63% of the stock is owned by company insiders.

Black Hills Trading Up 0.9%

BKH stock opened at $74.43 on Friday. Black Hills Corporation has a 1-year low of $54.92 and a 1-year high of $75.49. The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. The business’s 50 day moving average is $71.27 and its 200-day moving average is $65.39. The firm has a market cap of $5.42 billion, a P/E ratio of 18.70, a P/E/G ratio of 3.24 and a beta of 0.75.

Black Hills (NYSE:BKH) last announced its quarterly earnings results on Wednesday, February 4th. The utilities provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. Black Hills had a return on equity of 7.99% and a net margin of 12.62%.The business had revenue of $635.50 million for the quarter, compared to analyst estimates of $809.88 million. During the same quarter in the previous year, the firm earned $1.37 EPS. Black Hills’s quarterly revenue was up 6.4% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts anticipate that Black Hills Corporation will post 4.12 earnings per share for the current fiscal year.

Black Hills Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Tuesday, February 17th will be issued a $0.703 dividend. This represents a $2.81 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Black Hills’s previous quarterly dividend of $0.68. Black Hills’s payout ratio is currently 70.60%.

Wall Street Analysts Forecast Growth

BKH has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Black Hills in a research report on Monday, December 29th. BMO Capital Markets lifted their price objective on Black Hills from $70.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Finally, Scotiabank upgraded Black Hills from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $66.00 to $81.00 in a research note on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $75.67.

Black Hills Company Profile

Black Hills Corporation is a diversified energy company based in Rapid City, South Dakota, that provides electricity and natural gas distribution services to residential, commercial and industrial customers. Through its regulated utility subsidiaries—Black Hills Power, Cheyenne Light & Power, and Black Hills Energy—the company delivers reliable energy across Colorado, Kansas, Montana, Nebraska, South Dakota and Wyoming.

In addition to its distribution operations, Black Hills owns and operates a generation portfolio that includes natural gas–fired plants, coal-fired units, hydroelectric facilities and wind projects.