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

Black Hills (NYSE:BKH) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.250-4.450 for the period, compared to the consensus estimate of 4.330. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

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

Black Hills Price Performance

Shares of Black Hills stock traded down $0.69 on Wednesday, reaching $71.55. The stock had a trading volume of 774,963 shares, compared to its average volume of 968,945. Black Hills has a 1 year low of $58.06 and a 1 year high of $78.69. The company has a market cap of $5.45 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71. 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 business’s 50 day moving average is $73.38 and its two-hundred day moving average is $73.12.

Black Hills (NYSE:BKH) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Black Hills had a net margin of 12.61% and a return on equity of 7.77%. Black Hills’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts anticipate that Black Hills will post 4.34 EPS for the current year.

Black Hills Dividend Announcement

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

Insider Activity at Black Hills

In other news, Director Robert P. Otto sold 4,109 shares of the business’s stock in a transaction on 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 transaction, the director directly owned 10,886 shares in the company, valued at $807,958.92. The trade was a 27.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is owned by company insiders.

Hedge Funds Weigh In On Black Hills

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Advisory Services Inc. raised its holdings in shares of Black Hills by 1.6% in the 4th quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider’s stock valued at $638,000 after acquiring an additional 145 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Black Hills during the fourth quarter worth about $605,000. Lighthouse Investment Partners LLC bought a new position in shares of Black Hills in the third quarter worth approximately $591,000. Arkadios Wealth Advisors increased its position in shares of Black Hills by 2.4% in the fourth quarter. Arkadios Wealth Advisors now owns 7,407 shares of the utilities provider’s stock worth $514,000 after purchasing an additional 172 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in Black Hills by 2.5% in the second quarter. Osaic Holdings Inc. now owns 9,068 shares of the utilities provider’s stock valued at $509,000 after purchasing an additional 222 shares in the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

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.