Edgestream Partners L.P. Has $5.66 Million Position in Black Hills Corporation $BKH

Edgestream Partners L.P. raised its stake in shares of Black Hills Corporation (NYSE:BKH) by 491.6% in the first quarter, Holdings Channel reports. The fund owned 81,492 shares of the utilities provider’s stock after acquiring an additional 67,717 shares during the period. Edgestream Partners L.P.’s holdings in Black Hills were worth $5,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Black Hills in the 3rd quarter worth about $45,000. First Horizon Corp increased its position in shares of Black Hills by 192.8% during the 4th quarter. First Horizon Corp now owns 773 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 509 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Black Hills by 47.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 850 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 274 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Black Hills during the 1st quarter valued at about $67,000. Finally, Geneos Wealth Management Inc. boosted its position in Black Hills by 44.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock valued at $58,000 after buying an additional 317 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

BKH has been the topic of several research analyst reports. BMO Capital Markets decreased their price objective on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Oppenheimer set a $78.00 target price on shares of Black Hills in a research note on Thursday, June 11th. Wall Street Zen downgraded Black Hills from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Bank of America boosted their price objective on Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $81.67.

Black Hills Stock Down 1.1%

Shares of NYSE BKH opened at $72.14 on Friday. Black Hills Corporation has a 1 year low of $56.31 and a 1 year high of $78.69. The firm’s 50-day moving average is $73.56 and its 200-day moving average is $73.11. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $5.49 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 2.89 and a beta of 0.71.

Black Hills (NYSE:BKH) last posted its quarterly earnings results 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 return on equity of 7.77% and a net margin of 12.61%.The business had revenue of $780.70 million for the quarter, compared to the consensus estimate of $769.19 million. During the same period last year, the firm earned $1.87 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts expect that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

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 given a dividend of $0.703 per share. The ex-dividend date is Monday, August 17th. This represents a $2.81 annualized dividend and a dividend yield of 3.9%. Black Hills’s payout ratio is presently 73.18%.

Insider Buying and Selling at Black Hills

In other news, Director Robert P. Otto sold 4,109 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total value of $304,969.98. Following the transaction, the director owned 10,886 shares of the company’s stock, valued at $807,958.92. This represents a 27.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Black Hills Company 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.