Black Hills (NYSE:BKH) Updates FY 2026 Earnings Guidance

Black Hills (NYSE:BKH) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.250-4.450 for the period, compared to the consensus earnings per share estimate of 4.340. The company issued revenue guidance of -.

Black Hills Stock Performance

BKH traded down $0.03 on Friday, reaching $75.19. 18,280 shares of the stock were exchanged, compared to its average volume of 990,537. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.35 and a quick ratio of 1.11. The company’s 50-day moving average price is $72.64 and its 200 day moving average price is $71.26. The firm has a market capitalization of $5.72 billion, a PE ratio of 19.66, a PEG ratio of 2.95 and a beta of 0.74. Black Hills has a fifty-two week low of $55.49 and a fifty-two week high of $78.69.

Black Hills (NYSE:BKH) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). Black Hills had a net margin of 12.61% and a return on equity of 7.88%. The firm had revenue of $780.70 million during the quarter, compared to analyst estimates of $769.19 million. During the same period in the prior year, the company posted $1.87 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts forecast that Black Hills will post 4.31 EPS for the current fiscal year.

Black Hills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $0.703 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.81 dividend on an annualized basis and a yield of 3.7%. Black Hills’s dividend payout ratio (DPR) is currently 70.60%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Black Hills in a research note on Friday, March 27th. Siebert Williams Shank raised shares of Black Hills from a “hold” rating to a “buy” rating and raised their target price for the stock from $79.00 to $82.00 in a report on Thursday, March 12th. LADENBURG THALM/SH SH assumed coverage on shares of Black Hills in a research report on Wednesday, April 1st. They set a “buy” rating and a $77.00 target price for the company. BMO Capital Markets upped their price target on shares of Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen downgraded Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Black Hills currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.40.

Hedge Funds Weigh In On Black Hills

Several large investors have recently made changes to their positions in BKH. Meeder Advisory Services Inc. grew its position in Black Hills by 1.6% during the fourth quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider’s stock valued at $638,000 after buying an additional 145 shares during the period. Van ECK Associates Corp raised its position in shares of Black Hills by 0.6% in the third quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock worth $1,614,000 after acquiring an additional 154 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Black Hills by 2.4% during the 4th quarter. Arkadios Wealth Advisors now owns 7,407 shares of the utilities provider’s stock worth $514,000 after acquiring an additional 172 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Black Hills by 2.5% during the 2nd quarter. Osaic Holdings Inc. now owns 9,068 shares of the utilities provider’s stock worth $509,000 after acquiring an additional 222 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its position in shares of Black Hills by 3.5% during the 2nd quarter. EP Wealth Advisors LLC now owns 7,300 shares of the utilities provider’s stock valued at $410,000 after acquiring an additional 250 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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.