Black Hills Corporation $BKH Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in Black Hills Corporation (NYSE:BKH) by 1.6% in the first quarter, Holdings Channel reports. The institutional investor owned 1,141,272 shares of the utilities provider’s stock after acquiring an additional 18,109 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Black Hills were worth $79,215,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BKH. Advisory Services Network LLC bought a new position in Black Hills during the 3rd quarter valued at $45,000. First Horizon Corp increased its position in shares of 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 purchasing an additional 509 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Black Hills by 47.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 850 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 274 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Black Hills by 44.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 317 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of Black Hills by 110.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,093 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 573 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

Black Hills Stock Performance

Shares of NYSE BKH opened at $72.14 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’s 50-day moving average price is $73.56 and its two-hundred day moving average price is $73.11. Black Hills Corporation has a 52-week low of $56.31 and a 52-week high of $78.69. The stock has a market capitalization of $5.49 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.89 and a beta of 0.71.

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

Black Hills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a $0.703 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.81 annualized dividend and a yield of 3.9%. Black Hills’s dividend payout ratio (DPR) is currently 73.18%.

Wall Street Analyst Weigh In

A number of research firms recently commented on BKH. Oppenheimer set a $78.00 price target on Black Hills in a research note on Thursday, June 11th. Wall Street Zen cut Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Bank of America increased their target price on Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, July 10th. BMO Capital Markets decreased their target price on Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $81.67.

Insider Transactions at Black Hills

In other news, Director Robert P. Otto sold 4,109 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total transaction of $304,969.98. Following the completion of the transaction, the director owned 10,886 shares of the company’s stock, valued at approximately $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.

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.