NTV Asset Management LLC Purchases 8,000 Shares of Black Hills Corporation $BKH

NTV Asset Management LLC purchased a new position in shares of Black Hills Corporation (NYSE:BKH) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 8,000 shares of the utilities provider’s stock, valued at approximately $561,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Black Hills during the 2nd quarter valued at about $928,675,000. Engineers Gate Manager LP lifted its holdings in shares of Black Hills by 35.7% in the 2nd quarter. Engineers Gate Manager LP now owns 1,442,064 shares of the utilities provider’s stock valued at $107,290,000 after buying an additional 379,211 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Black Hills by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,141,272 shares of the utilities provider’s stock worth $79,215,000 after buying an additional 18,109 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Black Hills by 109.2% in the first quarter. Bank of America Corp DE now owns 899,963 shares of the utilities provider’s stock worth $62,466,000 after buying an additional 469,733 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Black Hills in the second quarter worth about $56,841,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on BKH shares. Wall Street Zen raised Black Hills from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Bank of America lifted their price target on Black Hills from $87.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, September 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Black Hills in a report on Thursday. Jefferies Financial Group initiated coverage on Black Hills in a research report on Wednesday, October 14th. They issued a “buy” rating and a $87.00 price objective on the stock. Finally, BMO Capital Markets upped their price objective on Black Hills from $83.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to MarketBeat.com, Black Hills currently has a consensus rating of “Buy” and a consensus target price of $83.25.

Black Hills Stock Up 0.3%

BKH stock opened at $79.64 on Monday. Black Hills Corporation has a one year low of $62.26 and a one year high of $79.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.41 and a current ratio of 0.52. The firm’s fifty day moving average is $73.19 and its 200 day moving average is $73.56. The firm has a market cap of $6.07 billion, a PE ratio of 20.11, a P/E/G ratio of 3.15 and a beta of 0.68.

Black Hills (NYSE:BKH) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The business had revenue of $452.80 million during the quarter, compared to the consensus estimate of $490.89 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts forecast that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.7030 dividend. This represents a $2.81 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, August 17th. Black Hills’s payout ratio is currently 70.96%.

About Black Hills

Black Hills Corporation (NYSE:BKH) is an energy company headquartered in Rapid City, South Dakota. Through its Black Hills Energy businesses, the company provides regulated electric and natural gas utility services to residential, commercial and industrial customers.

Black Hills operates electric utilities and natural gas distribution systems across parts of Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its activities include generating and purchasing electricity, transmitting and distributing power, distributing natural gas, and developing and maintaining the infrastructure needed to serve its utility customers.

The company traces its history to the Black Hills region and has expanded through the development and acquisition of utility operations in the central and western United States.