Janus Henderson Group PLC Has $25.94 Million Stock Holdings in Black Hills Corporation $BKH

Janus Henderson Group PLC decreased its holdings in shares of Black Hills Corporation (NYSE:BKH) by 6.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 373,694 shares of the utilities provider’s stock after selling 24,726 shares during the period. Janus Henderson Group PLC’s holdings in Black Hills were worth $25,938,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of Black Hills in the 3rd quarter worth approximately $45,000. First Horizon Corp grew its position in Black Hills by 192.8% in the fourth quarter. First Horizon Corp now owns 773 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 509 shares during the period. Geneos Wealth Management Inc. grew 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 acquiring an additional 317 shares during the period. Smartleaf Asset Management LLC raised its stake in Black Hills by 47.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 850 shares of the utilities provider’s stock worth $59,000 after acquiring an additional 274 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Black Hills during the first quarter worth $67,000. 86.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total value of $304,969.98. Following the completion of the transaction, the director directly owned 10,886 shares of the company’s stock, valued at approximately $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.

Black Hills Price Performance

Black Hills stock opened at $71.34 on Tuesday. The business’s fifty day moving average is $73.43 and its two-hundred day moving average is $73.12. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.65. The firm has a market cap of $5.43 billion, a P/E ratio of 18.58, a P/E/G ratio of 2.82 and a beta of 0.71. Black Hills Corporation has a 52 week low of $57.89 and a 52 week high of $78.69.

Black Hills (NYSE:BKH) last announced its 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 net margin of 12.61% and a return on equity of 7.77%. The business had revenue of $780.70 million during the quarter, compared to analyst estimates of $769.19 million. During the same quarter last year, the business posted $1.87 earnings per share. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts forecast that Black Hills Corporation will post 4.34 earnings per share for the current fiscal year.

Black Hills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a $0.703 dividend. This represents a $2.81 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, August 17th. Black Hills’s dividend payout ratio (DPR) is presently 73.18%.

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.