US Bancorp DE Boosts Stock Holdings in Black Hills Corporation $BKH

US Bancorp DE raised its position in shares of Black Hills Corporation (NYSE:BKH) by 164.0% during the 3rd quarter, Holdings Channel reports. The firm owned 30,526 shares of the utilities provider’s stock after buying an additional 18,965 shares during the quarter. US Bancorp DE’s holdings in Black Hills were worth $1,880,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Spire Wealth Management raised its position in shares of Black Hills by 4,115.4% during the 2nd quarter. Spire Wealth Management now owns 548 shares of the utilities provider’s stock valued at $31,000 after buying an additional 535 shares during the period. TD Waterhouse Canada Inc. acquired a new position in Black Hills in the 2nd quarter valued at $31,000. Smartleaf Asset Management LLC grew its position in Black Hills by 132.3% during the third quarter. Smartleaf Asset Management LLC now owns 576 shares of the utilities provider’s stock worth $35,000 after buying an additional 328 shares during the period. Blue Trust Inc. boosted its position in shares of 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 buying an additional 176 shares in the last quarter. Finally, Clearstead Advisors LLC raised its stake in Black Hills by 884.8% in the 3rd quarter. Clearstead Advisors LLC now owns 778 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 699 shares during the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

Black Hills Stock Up 1.9%

Shares of BKH opened at $75.69 on Thursday. Black Hills Corporation has a 12 month low of $54.92 and a 12 month high of $75.87. The firm’s 50 day moving average is $72.32 and its 200-day moving average is $67.37. The company has a current ratio of 1.35, a quick ratio of 1.11 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $5.71 billion, a PE ratio of 19.02, a P/E/G ratio of 2.93 and a beta of 0.75.

Black Hills (NYSE:BKH) last posted 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 return on equity of 7.95% and a net margin of 12.62%.During the same period last year, the company earned $1.37 EPS. The business’s 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. Equities research analysts forecast 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 was paid on Sunday, March 1st. Shareholders of record on Tuesday, February 17th were paid a $0.703 dividend. This is a boost from Black Hills’s previous quarterly dividend of $0.68. This represents a $2.81 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, February 17th. Black Hills’s payout ratio is presently 70.60%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BKH. Scotiabank upgraded shares of Black Hills from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $66.00 to $81.00 in a report on Friday, November 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Black Hills in a report on Monday, December 29th. Wall Street Zen lowered shares of Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Finally, BMO Capital Markets raised their price target on Black Hills from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Black Hills currently has an average rating of “Moderate Buy” and a consensus price target of $76.33.

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.