Entropy Technologies LP Boosts Position in Black Hills Corporation $BKH

Entropy Technologies LP lifted its stake in shares of Black Hills Corporation (NYSE:BKH) by 318.0% during the 4th quarter, Holdings Channel reports. The fund owned 36,160 shares of the utilities provider’s stock after buying an additional 27,510 shares during the quarter. Entropy Technologies LP’s holdings in Black Hills were worth $2,510,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. FORA Capital LLC purchased a new position in shares of Black Hills during the 4th quarter worth $136,000. Marshall Wace LLP raised its holdings in shares of Black Hills by 175.5% during the 4th quarter. Marshall Wace LLP now owns 91,853 shares of the utilities provider’s stock worth $6,376,000 after acquiring an additional 58,508 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Black Hills by 5.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 43,904 shares of the utilities provider’s stock worth $3,048,000 after acquiring an additional 2,106 shares during the period. Inspire Advisors LLC purchased a new position in shares of Black Hills during the 4th quarter worth $595,000. Finally, Stifel Financial Corp raised its holdings in shares of Black Hills by 7.2% during the 4th quarter. Stifel Financial Corp now owns 115,609 shares of the utilities provider’s stock worth $8,026,000 after acquiring an additional 7,802 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Oppenheimer set a $78.00 price target on Black Hills in a report on Thursday. BMO Capital Markets lifted their price target on Black Hills from $84.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Bank of America upgraded Black Hills from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $76.00 to $78.00 in a report on Thursday. LADENBURG THALM/SH SH assumed coverage on Black Hills in a report on Wednesday, April 1st. They set a “buy” rating and a $77.00 price target on the stock. Finally, Siebert Williams Shank upgraded Black Hills from a “hold” rating to a “buy” rating and lifted their price target for the stock from $79.00 to $82.00 in a report on Thursday, March 12th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $81.17.

Black Hills Stock Down 0.2%

Shares of NYSE:BKH opened at $73.36 on Monday. The business has a 50-day moving average price of $73.56 and a 200 day moving average price of $72.27. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 2.91 and a beta of 0.72. Black Hills Corporation has a 12-month low of $55.49 and a 12-month high of $78.69.

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

Black Hills Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a dividend of $0.703 per share. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, May 15th. Black Hills’s dividend payout ratio (DPR) is presently 73.18%.

Insider Activity

In related news, Director Robert P. Otto sold 4,109 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total transaction of $304,969.98. Following the completion of the sale, the director directly owned 10,886 shares of the company’s stock, valued at approximately $807,958.92. This trade represents a 27.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.56% 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.