Western Wealth Management LLC Purchases New Holdings in Black Hills Corporation $BKH

Western Wealth Management LLC acquired a new position in shares of Black Hills Corporation (NYSE:BKH) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 11,967 shares of the utilities provider’s stock, valued at approximately $890,000.

Several other hedge funds have also recently modified their holdings of BKH. Capital Research Global Investors raised its holdings in Black Hills by 38.7% during the fourth quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider’s stock worth $157,995,000 after purchasing an additional 634,800 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Black Hills by 6,416.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 155,752 shares of the utilities provider’s stock valued at $10,812,000 after purchasing an additional 153,362 shares in the last quarter. Horizon Investments LLC increased its position in Black Hills by 74.3% during the 4th quarter. Horizon Investments LLC now owns 34,523 shares of the utilities provider’s stock worth $2,397,000 after purchasing an additional 14,716 shares during the period. UBS Group AG increased its position in Black Hills by 86.5% during the 4th quarter. UBS Group AG now owns 572,227 shares of the utilities provider’s stock worth $39,724,000 after purchasing an additional 265,464 shares during the period. Finally, BW Gestao de Investimentos Ltda. purchased a new position in shares of Black Hills during the 4th quarter worth approximately $5,985,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Black Hills Price Performance

Black Hills stock opened at $73.11 on Wednesday. Black Hills Corporation has a 1 year low of $58.06 and a 1 year high of $78.69. The firm has a 50 day moving average price of $73.66 and a 200 day moving average price of $73.14. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.85 and a beta of 0.71. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.41 and a current ratio of 0.52.

Black Hills (NYSE:BKH) last posted its quarterly earnings results 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. The company had revenue of $452.80 million for the quarter, compared to the consensus estimate of $490.89 million. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. Black Hills’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts predict that Black Hills Corporation will post 4.34 earnings per share for the current year.

Black Hills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.703 per share. The ex-dividend date is Monday, August 17th. This represents a $2.81 annualized dividend and a yield of 3.8%. Black Hills’s dividend payout ratio is currently 70.96%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BKH. Bank of America lifted their price target on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. BMO Capital Markets lowered their price target on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Oppenheimer set a $78.00 price objective on shares of Black Hills in a research note on Thursday, June 11th. Finally, Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Black Hills has a consensus rating of “Buy” and a consensus price target of $81.67.

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.