Hunter Perkins Capital Management LLC Sells 12,030 Shares of Black Hills Corporation $BKH

Hunter Perkins Capital Management LLC reduced its position in shares of Black Hills Corporation (NYSE:BKH) by 7.9% in the 4th quarter, HoldingsChannel reports. The firm owned 140,509 shares of the utilities provider’s stock after selling 12,030 shares during the period. Black Hills comprises approximately 2.3% of Hunter Perkins Capital Management LLC’s holdings, making the stock its 9th largest position. Hunter Perkins Capital Management LLC’s holdings in Black Hills were worth $9,754,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in Black Hills by 132.3% in 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. raised its stake in shares of Black Hills by 37.8% during 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. Advisory Services Network LLC acquired a new stake in shares of Black Hills in the 3rd quarter valued at approximately $45,000. Clearstead Advisors LLC lifted its holdings in shares of 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 buying an additional 699 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake 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 valued at $58,000 after buying an additional 317 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Black Hills Price Performance

Shares of NYSE:BKH opened at $68.64 on Friday. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.35 and a quick ratio of 1.11. The business’s 50 day simple moving average is $72.35 and its 200-day simple moving average is $68.66. Black Hills Corporation has a 12 month low of $54.92 and a 12 month high of $75.87.

Black Hills (NYSE:BKH) last released its quarterly earnings data on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Black Hills had a return on equity of 7.91% and a net margin of 12.62%.The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts forecast that Black Hills Corporation will post 4.12 earnings per share for the current fiscal year.

Black Hills Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Tuesday, February 17th were given a $0.703 dividend. This is an increase from Black Hills’s previous quarterly dividend of $0.68. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Tuesday, February 17th. Black Hills’s dividend payout ratio (DPR) is 70.60%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BKH. BMO Capital Markets upped their price objective on Black Hills from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Siebert Williams Shank upgraded shares of Black Hills from a “hold” rating to a “buy” rating and boosted their target price for the stock from $79.00 to $82.00 in a research report on Thursday, March 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Black Hills in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.75.

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.