11,764 Shares in Black Hills Corporation $BKH Purchased by Western Wealth Management LLC

Western Wealth Management LLC acquired a new position in shares of Black Hills Corporation (NYSE:BKH) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 11,764 shares of the utilities provider’s stock, valued at approximately $817,000.

A number of other hedge funds also recently bought and sold shares of BKH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Black Hills by 7.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider’s stock worth $2,596,000 after buying an additional 2,906 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Black Hills by 83.2% during the first quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider’s stock valued at $203,000 after acquiring an additional 1,519 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Black Hills by 37.8% in the 1st quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock valued at $184,000 after acquiring an additional 834 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Black Hills in the 1st quarter valued at approximately $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Black Hills by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,673 shares of the utilities provider’s stock valued at $8,168,000 after acquiring an additional 7,332 shares in the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BKH shares. Oppenheimer set a $78.00 price objective on shares of Black Hills in a research report on Thursday, June 11th. Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. 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 upped their target price on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, BMO Capital Markets reduced their price target on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Black Hills currently has an average rating of “Buy” and a consensus price target of $81.67.

Insider Buying and Selling

In other news, Director Robert P. Otto sold 4,109 shares of the 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 transaction, the director owned 10,886 shares in the company, valued at $807,958.92. This represents a 27.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Black Hills Stock Performance

Shares of BKH stock opened at $71.06 on Monday. Black Hills Corporation has a fifty-two week low of $56.31 and a fifty-two week high of $78.69. The stock’s 50-day moving average is $73.49 and its two-hundred day moving average is $73.11. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.53. The firm has a market cap of $5.41 billion, a P/E ratio of 18.50, a PEG ratio of 2.82 and a beta of 0.71.

Black Hills (NYSE:BKH) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.09). The firm had revenue of $780.70 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts predict that Black Hills Corporation will post 4.34 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.703 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.81 dividend on an annualized basis and a yield of 4.0%. Black Hills’s payout ratio is 73.18%.

Black Hills 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.