Black Hills Corporation (NYSE:BKH) Stock Has Average Price Target of $83.33 According to Brokerages

Black Hills Corporation (NYSE:BKH) has earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $81.29.

A number of equities research analysts have issued reports on BKH shares. Bank of America upped their target price on Black Hills from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. BMO Capital Markets reduced their price objective on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen raised shares of Black Hills from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Oppenheimer set a $78.00 target price on shares of Black Hills in a research note on Thursday, June 11th. Finally, Freedom Broker initiated coverage on shares of Black Hills in a research note on Wednesday. They issued a “hold” rating and a $69.00 target price on the stock.

Hedge Funds Weigh In On Black Hills

A number of institutional investors have recently made changes to their positions in the business. Clearstead Trust LLC bought a new stake in Black Hills during the 2nd quarter valued at approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Black Hills in the 2nd quarter worth approximately $34,000. Global Retirement Partners LLC bought a new position in Black Hills in the 2nd quarter worth approximately $56,000. Meeder Asset Management Inc. acquired a new position in shares of Black Hills during the first quarter worth approximately $67,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Black Hills in the second quarter worth $74,000. 86.71% of the stock is currently owned by institutional investors.

Black Hills Price Performance

NYSE BKH opened at $71.06 on Monday. Black Hills has a fifty-two week low of $59.77 and a fifty-two week high of $78.69. The stock’s 50-day moving average is $72.25 and its two-hundred day moving average is $72.86. The firm has a market cap of $5.42 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 2.77 and a beta of 0.68. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.52 and a quick ratio of 0.41.

Black Hills (NYSE:BKH) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.13. Black Hills had a return on equity of 7.98% and a net margin of 13.01%.The company 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 company posted $0.38 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts anticipate that Black Hills will post 4.34 earnings per share for the current fiscal year.

Black Hills Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a dividend of $0.7030 per share. This represents a $2.81 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, August 17th. Black Hills’s dividend payout ratio is 70.96%.

Black Hills Company Profile

Black Hills Corporation (NYSE:BKH) is a regulated utility holding company headquartered in Rapid City, South Dakota. Through its operating subsidiaries, the company provides electric and natural gas utility services to residential, commercial, industrial and other customers.

Black Hills owns and operates electric generation, transmission and distribution facilities, as well as natural gas distribution, storage and transportation infrastructure. Its electric utilities serve customers in Colorado, Montana, South Dakota and Wyoming, while its natural gas utilities operate in Arkansas, Colorado, Iowa, Kansas, Nebraska and Wyoming.

The company traces its history to the development of utility services in the Black Hills region and was incorporated as Black Hills Corporation in 1941.