Black Hills (NYSE:BKH) Cut to “Hold” at Freedom Broker

Black Hills (NYSE:BKH) was downgraded by investment analysts at Freedom Broker from a “buy” rating to a “hold” rating in a research note issued on Thursday, Benzinga reports. They presently have a $78.00 price target on the utilities provider’s stock. Freedom Broker‘s price target suggests a potential downside of 7.98% from the stock’s current price.

A number of other research firms have also recently commented on BKH. BMO Capital Markets increased their target price on shares of Black Hills from $83.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, October 8th. Bank of America raised their target price on shares of Black Hills from $87.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, September 21st. Wall Street Zen raised shares of Black Hills from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Jefferies Financial Group started coverage on Black Hills in a research report on Wednesday, October 14th. They set a “buy” rating and a $87.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Black Hills in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $83.25.

Black Hills Stock Performance

BKH stock opened at $84.77 on Thursday. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 3.34 and a beta of 0.64. The firm has a 50-day simple moving average of $74.86 and a two-hundred day simple moving average of $73.56. Black Hills has a one year low of $64.74 and a one year high of $86.54. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.41 and a current ratio of 0.52.

Black Hills (NYSE:BKH) last released its quarterly earnings results on Wednesday, November 4th. The utilities provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.10. Black Hills had a net margin of 13.49% and a return on equity of 8.19%. The business had revenue of $466.10 million for the quarter, compared to analysts’ expectations of $483.04 million. During the same period last year, the business earned $0.45 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. On average, equities analysts forecast that Black Hills will post 4.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Clearstead Trust LLC purchased a new position in shares of Black Hills in the second quarter worth about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Black Hills in the second quarter valued at approximately $34,000. GK Wealth Management LLC purchased a new stake in Black Hills in the third quarter valued at approximately $44,000. Pathway Financial Advisers LLC purchased a new stake in Black Hills in the third quarter valued at approximately $45,000. Finally, Global Retirement Partners LLC acquired a new position in Black Hills in the 2nd quarter worth approximately $56,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Black Hills

Here are the key news stories impacting Black Hills this week:

• Positive Sentiment: Black Hills reported third-quarter diluted EPS of $0.57, topping the $0.47 analyst consensus and rising from $0.45 a year earlier. Revenue increased 8.3% year over year to $466.1 million. Black Hills Corp. Reports 2026 Third-Quarter Results and Reaffirms 2026 Earnings Guidance
• Positive Sentiment: The company reaffirmed its 2026 adjusted earnings guidance. The earnings call coverage characterized the outlook as resilient and highlighted growth opportunities, helping support the investment case. Black Hills Earnings Call Signals Growth, Resilience and Opportunity
• Negative Sentiment: Quarterly revenue of $466.1 million missed analysts’ $483.04 million estimate, a potential offset to the EPS beat and year-over-year growth. Black Hills quarterly earnings results

Black Hills Company Profile

Black Hills Corporation (NYSE:BKH) is an energy company headquartered in Rapid City, South Dakota. Through its Black Hills Energy businesses, the company provides regulated electric and natural gas utility services to residential, commercial and industrial customers.

Black Hills operates electric utilities and natural gas distribution systems across parts of Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its activities include generating and purchasing electricity, transmitting and distributing power, distributing natural gas, and developing and maintaining the infrastructure needed to serve its utility customers.

The company traces its history to the Black Hills region and has expanded through the development and acquisition of utility operations in the central and western United States.