Clear Creek Financial Management LLC Boosts Stock Holdings in Black Hills Corporation $BKH

Clear Creek Financial Management LLC boosted its position in shares of Black Hills Corporation (NYSE:BKH) by 27.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,049 shares of the utilities provider’s stock after buying an additional 1,319 shares during the period. Clear Creek Financial Management LLC’s holdings in Black Hills were worth $339,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Black Hills by 1.9% during the 1st quarter. Principal Financial Group Inc. now owns 215,402 shares of the utilities provider’s stock worth $13,064,000 after buying an additional 4,077 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Black Hills by 15.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,918 shares of the utilities provider’s stock worth $480,000 after purchasing an additional 1,087 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Black Hills by 215.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,647 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 1,125 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Black Hills by 59.2% during the 1st quarter. GAMMA Investing LLC now owns 605 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 225 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Black Hills during the 1st quarter worth approximately $808,000. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Black Hills Trading Down 1.1%

BKH opened at $60.39 on Friday. Black Hills Corporation has a one year low of $54.92 and a one year high of $65.59. The stock has a market capitalization of $4.40 billion, a PE ratio of 15.21, a P/E/G ratio of 2.80 and a beta of 0.73. The business’s 50 day moving average price is $60.00 and its 200 day moving average price is $58.80. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.49 and a current ratio of 0.64.

Black Hills (NYSE:BKH) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. Black Hills had a return on equity of 7.81% and a net margin of 12.68%.The firm had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $412.69 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Black Hills has set its FY 2025 guidance at 4.000-4.200 EPS. As a group, equities research analysts expect that Black Hills Corporation will post 4.12 EPS for the current year.

Black Hills Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a dividend of $0.676 per share. This represents a $2.70 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, August 18th. Black Hills’s dividend payout ratio is 68.01%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BKH shares. Weiss Ratings restated a “hold (c)” rating on shares of Black Hills in a report on Wednesday. Bank of America upgraded Black Hills from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $57.00 to $64.00 in a report on Wednesday, August 20th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $66.00.

Black Hills Company Profile

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.