Black Hills Corporation $BKH is Engineers Gate Manager LP’s 2nd Largest Position

Engineers Gate Manager LP grew its position in shares of Black Hills Corporation (NYSE:BKH) by 35.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,442,064 shares of the utilities provider’s stock after acquiring an additional 379,211 shares during the period. Black Hills accounts for approximately 1.4% of Engineers Gate Manager LP’s investment portfolio, making the stock its 2nd biggest holding. Engineers Gate Manager LP’s holdings in Black Hills were worth $107,290,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Black Hills by 7.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider’s stock valued at $2,596,000 after acquiring an additional 2,906 shares in the last quarter. NewEdge Advisors LLC grew its position in Black Hills by 83.2% in the first quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider’s stock worth $203,000 after acquiring an additional 1,519 shares in the last quarter. Jones Financial Companies Lllp grew its position in Black Hills by 37.8% in the first quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock worth $184,000 after acquiring an additional 834 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Black Hills during the 1st quarter worth $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Black Hills by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,673 shares of the utilities provider’s stock worth $8,168,000 after purchasing an additional 7,332 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

Black Hills Stock Performance

NYSE:BKH opened at $74.18 on Wednesday. Black Hills Corporation has a 1 year low of $58.06 and a 1 year high of $78.69. The firm’s fifty day simple moving average is $73.49 and its 200 day simple moving average is $73.13. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $5.66 billion, a PE ratio of 18.73, a PEG ratio of 2.90 and a beta of 0.71.

Black Hills (NYSE:BKH) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. The company had revenue of $452.80 million during the quarter, compared to analysts’ expectations of $490.89 million. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts anticipate that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a dividend of $0.703 per share. The ex-dividend date was Monday, August 17th. This represents a $2.81 annualized dividend and a yield of 3.8%. Black Hills’s dividend payout ratio is presently 70.96%.

Analyst Upgrades and Downgrades

BKH has been the subject of several analyst reports. Wall Street Zen raised shares of Black Hills from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. BMO Capital Markets lowered 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 report on Wednesday, July 22nd. Bank of America raised their target price on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a report on Friday, July 10th. Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Finally, Oppenheimer set a $78.00 price objective on Black Hills in a report on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $81.67.

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.