Ontario Teachers Pension Plan Board Reduces Stock Holdings in Black Hills Corporation $BKH

Ontario Teachers Pension Plan Board reduced its holdings in shares of Black Hills Corporation (NYSE:BKH) by 23.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,611 shares of the utilities provider’s stock after selling 22,512 shares during the period. Ontario Teachers Pension Plan Board owned approximately 0.10% of Black Hills worth $4,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in BKH. Spire Wealth Management increased its holdings in shares of Black Hills by 4,115.4% during the second quarter. Spire Wealth Management now owns 548 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 535 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Black Hills during the 2nd quarter worth approximately $31,000. Smartleaf Asset Management LLC increased its stake in Black Hills by 132.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 576 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 328 shares in the last quarter. Blue Trust Inc. increased its stake in Black Hills by 37.8% during the 3rd quarter. Blue Trust Inc. now owns 641 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 176 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Black Hills by 44.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock worth $58,000 after buying an additional 317 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Black Hills Stock Down 0.6%

Shares of BKH opened at $73.15 on Thursday. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 2.87 and a beta of 0.75. Black Hills Corporation has a 52 week low of $54.92 and a 52 week high of $75.87. The stock’s 50-day moving average price is $71.59 and its 200-day moving average price is $66.45. The company has a quick ratio of 1.11, a current ratio of 1.35 and a debt-to-equity ratio of 1.23.

Black Hills (NYSE:BKH) last issued its quarterly earnings data on Wednesday, February 4th. The utilities provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Black Hills had a net margin of 12.62% and a return on equity of 7.95%. During the same quarter in the previous year, the business posted $1.37 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts predict that Black Hills Corporation will post 4.12 EPS for the current year.

Black Hills Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Tuesday, February 17th will be paid a $0.703 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.81 annualized dividend and a dividend yield of 3.8%. This is a boost from Black Hills’s previous quarterly dividend of $0.68. Black Hills’s dividend payout ratio (DPR) is presently 70.60%.

Analyst Upgrades and Downgrades

BKH has been the topic of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Black Hills in a research report on Monday, December 29th. Scotiabank upgraded Black Hills from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $66.00 to $81.00 in a research note on Friday, November 7th. BMO Capital Markets upped their target price on Black Hills from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Finally, Wall Street Zen downgraded shares of Black Hills from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Black Hills presently has a consensus rating of “Moderate Buy” and an average price target of $76.33.

About Black Hills

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.