Black Hills Corporation $BKH Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its stake in shares of Black Hills Corporation (NYSE:BKH) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 145,561 shares of the utilities provider’s stock after selling 6,469 shares during the period. Leeward Investments LLC MA’s holdings in Black Hills were worth $8,166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of BKH. IMA Advisory Services Inc. acquired a new position in shares of Black Hills during the 1st quarter worth about $30,000. Clearstead Trust LLC acquired a new position in shares of Black Hills during the 1st quarter worth about $30,000. GAMMA Investing LLC grew its stake in Black Hills by 59.2% during the 1st quarter. GAMMA Investing LLC now owns 605 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 225 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Black Hills during the 2nd quarter valued at about $43,000. Finally, Hilltop National Bank purchased a new stake in Black Hills during the 2nd quarter valued at about $50,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on BKH shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Black Hills in a research note on Friday. Bank of America raised shares of Black Hills from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $57.00 to $64.00 in a research note on Wednesday, August 20th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $66.00.

Black Hills Stock Performance

NYSE:BKH opened at $66.17 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.49 and a current ratio of 0.64. The stock has a market capitalization of $4.82 billion, a P/E ratio of 16.67, a PEG ratio of 3.06 and a beta of 0.73. The company has a 50 day moving average price of $60.60 and a 200 day moving average price of $59.11. Black Hills Corporation has a fifty-two week low of $54.92 and a fifty-two week high of $66.26.

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

About Black Hills

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.