Robert Otto Sells 4,109 Shares of Black Hills (NYSE:BKH) Stock

Black Hills Corporation (NYSE:BKH) Director Robert Otto sold 4,109 shares of Black Hills stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total value of $304,969.98. Following the transaction, the director directly owned 10,886 shares of the company’s stock, valued at $807,958.92. The trade was a 27.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Black Hills Stock Down 0.3%

BKH stock opened at $72.84 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $5.55 billion, a PE ratio of 18.97, a PEG ratio of 2.89 and a beta of 0.74. Black Hills Corporation has a twelve month low of $55.49 and a twelve month high of $78.69. The stock has a 50-day simple moving average of $73.04 and a two-hundred day simple moving average of $72.19.

Black Hills (NYSE:BKH) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). The company had revenue of $780.70 million for the quarter, compared to analysts’ expectations of $769.19 million. Black Hills had a net margin of 12.61% and a return on equity of 7.77%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.87 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts predict that Black Hills Corporation will post 4.34 EPS for the current fiscal year.

Black Hills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.703 per share. This represents a $2.81 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, May 15th. Black Hills’s payout ratio is presently 73.18%.

Analysts Set New Price Targets

A number of research analysts have weighed in on BKH shares. Bank of America lifted their target price on Black Hills from $72.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Wall Street Zen lowered Black Hills from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Siebert Williams Shank raised Black Hills from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $79.00 to $82.00 in a report on Thursday, March 12th. LADENBURG THALM/SH SH initiated coverage on Black Hills in a report on Wednesday, April 1st. They set a “buy” rating and a $77.00 price objective for the company. Finally, Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, May 21st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Black Hills has an average rating of “Moderate Buy” and a consensus target price of $81.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BKH. Smartleaf Asset Management LLC grew its holdings in shares of 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 purchasing an additional 328 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Black Hills during the third quarter worth about $45,000. Clearstead Advisors LLC grew its holdings in shares of Black Hills by 884.8% during the third quarter. Clearstead Advisors LLC now owns 778 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 699 shares in the last quarter. First Horizon Corp lifted its position in Black Hills by 192.8% in the 4th quarter. First Horizon Corp now owns 773 shares of the utilities provider’s stock worth $54,000 after buying an additional 509 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Black Hills by 44.0% in the 2nd 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. Hedge funds and other institutional investors own 86.71% of the company’s stock.

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.