Black Hills (NYSE:BKH) Raised to “Hold” at Wall Street Zen

Black Hills (NYSE:BKH) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Black Hills in a report on Monday, December 29th. Scotiabank raised Black Hills from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $66.00 to $81.00 in a research note on Friday, November 7th. Finally, BMO Capital Markets boosted their price target on Black Hills from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.33.

Black Hills Trading Down 1.1%

Shares of BKH stock opened at $73.48 on Friday. Black Hills has a 1-year low of $54.92 and a 1-year high of $75.87. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.90 and a beta of 0.75. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.35 and a quick ratio of 1.11. The stock has a 50 day simple moving average of $72.50 and a 200-day simple moving average of $67.61.

Black Hills (NYSE:BKH) last released its quarterly earnings results on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Black Hills had a net margin of 12.62% and a return on equity of 7.95%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts expect that Black Hills will post 4.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Black Hills

A number of institutional investors have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. purchased a new stake in Black Hills in the second quarter valued at approximately $31,000. Smartleaf Asset Management LLC increased its stake in Black Hills by 132.3% during the third quarter. Smartleaf Asset Management LLC now owns 576 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 328 shares during the period. Blue Trust Inc. lifted its position in shares of Black Hills by 37.8% during the third quarter. Blue Trust Inc. now owns 641 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 176 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Black Hills during the third quarter worth about $45,000. Finally, Clearstead Advisors LLC boosted its stake in shares of Black Hills by 884.8% in the third quarter. Clearstead Advisors LLC now owns 778 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 699 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

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.