Key Points
- Black Hills director Robert Otto sold 4,109 shares on May 27 at an average price of $74.22, totaling about $304,970. After the sale, he still owned 10,886 shares, and the transaction reduced his position by 27.4%.
- The stock was down about 1.9% and recently traded near $73.11, within its 12-month range of $55.49 to $78.69. Black Hills has a market cap of about $5.57 billion and a dividend yield of 3.8%.
- Black Hills missed quarterly EPS estimates but beat revenue expectations in its latest earnings report, posting $1.79 EPS versus the $1.88 forecast on revenue of $780.7 million. Analysts currently have a consensus rating of “Moderate Buy” with an average price target of $81.40.
Black Hills Corporation (NYSE:BKH - Get Free Report) Director Robert Otto sold 4,109 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total transaction of $304,969.98. Following the completion of the sale, the director owned 10,886 shares of the company's stock, valued at approximately $807,958.92. The trade was a 27.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Black Hills Stock Down 1.9%
BKH stock opened at $73.11 on Friday. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 2.95 and a beta of 0.74. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. Black Hills Corporation has a 12 month low of $55.49 and a 12 month high of $78.69. The firm has a 50-day moving average of $73.01 and a two-hundred day moving average of $72.18.
Black Hills (NYSE:BKH - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.79 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.09). The business had revenue of $780.70 million during 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 revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.87 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts forecast that Black Hills Corporation will post 4.34 earnings per share for the current fiscal year.
Black Hills Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a dividend of $0.703 per share. The ex-dividend date is Friday, May 15th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.8%. Black Hills's dividend payout ratio (DPR) is currently 73.18%.
Institutional Trading of Black Hills
Several institutional investors have recently added to or reduced their stakes in the stock. Cozad Asset Management Inc. increased its holdings in Black Hills by 2.8% in the 1st quarter. Cozad Asset Management Inc. now owns 48,569 shares of the utilities provider's stock valued at $3,371,000 after purchasing an additional 1,344 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Black Hills in the 1st quarter valued at approximately $817,000. Bank of America Corp DE increased its holdings in Black Hills by 109.2% in the 1st quarter. Bank of America Corp DE now owns 899,963 shares of the utilities provider's stock valued at $62,466,000 after purchasing an additional 469,733 shares during the last quarter. Edgestream Partners L.P. increased its holdings in Black Hills by 491.6% in the 1st quarter. Edgestream Partners L.P. now owns 81,492 shares of the utilities provider's stock valued at $5,656,000 after purchasing an additional 67,717 shares during the last quarter. Finally, Bull Harbor Capital LLC acquired a new stake in Black Hills in the 1st quarter valued at approximately $243,000. Institutional investors and hedge funds own 86.71% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on BKH shares. BMO Capital Markets raised their price target on shares of Black Hills from $84.00 to $91.00 and gave the stock an "outperform" rating in a report on Wednesday, April 15th. Siebert Williams Shank upgraded shares of Black Hills from a "hold" rating to a "buy" rating and raised their price target for the stock from $79.00 to $82.00 in a report on Thursday, March 12th. Bank of America raised their price target on shares of Black Hills from $72.00 to $76.00 and gave the stock a "neutral" rating in a report on Thursday, April 9th. Wall Street Zen downgraded shares of Black Hills from a "hold" rating to a "sell" rating in a report on Saturday, April 11th. Finally, LADENBURG THALM/SH SH started coverage on shares of Black Hills in a report on Wednesday, April 1st. They set a "buy" rating and a $77.00 price target for the company. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $81.40.
Read Our Latest Stock Report on Black Hills
Black Hills Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
