Sei Investments Co. boosted its holdings in Black Hills Corporation (NYSE:BKH – Free Report) by 17.9% in the first quarter, Holdings Channel reports. The institutional investor owned 105,346 shares of the utilities provider’s stock after buying an additional 15,985 shares during the period. Sei Investments Co.’s holdings in Black Hills were worth $7,312,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in BKH. Meeder Advisory Services Inc. grew its holdings in Black Hills by 1.6% during the 4th quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider’s stock worth $638,000 after acquiring an additional 145 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Black Hills by 0.6% during the third quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock valued at $1,614,000 after acquiring an additional 154 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Black Hills by 11.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,516 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 156 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of Black Hills by 4.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 3,827 shares of the utilities provider’s stock worth $266,000 after purchasing an additional 168 shares during the period. Finally, Capital Financial Group Inc. Co. ADV lifted its holdings in shares of Black Hills by 0.8% during the first quarter. Capital Financial Group Inc. Co. ADV now owns 22,121 shares of the utilities provider’s stock worth $1,535,000 after purchasing an additional 171 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, Director Robert P. Otto sold 4,109 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total transaction of $304,969.98. Following the transaction, the director owned 10,886 shares of the company’s stock, valued at $807,958.92. This represents a 27.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is owned by company insiders.
Black Hills Stock Performance
Black Hills (NYSE:BKH – Get Free Report) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.09). The company had revenue of $780.70 million for the quarter, compared to the consensus estimate of $769.19 million. Black Hills had a return on equity of 7.77% and a net margin of 12.61%.The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts anticipate that Black Hills Corporation will post 4.34 EPS for the current year.
Black Hills Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.703 per share. The ex-dividend date is Monday, August 17th. This represents a $2.81 annualized dividend and a dividend yield of 4.0%. Black Hills’s dividend payout ratio is currently 73.18%.
Analyst Ratings Changes
BKH has been the subject of a number of recent research reports. Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Bank of America lifted their target price on Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, July 10th. BMO Capital Markets reduced their price target on Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Oppenheimer set a $78.00 price target on Black Hills in a research note on Thursday, June 11th. Finally, Wall Street Zen downgraded Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $81.67.
Read Our Latest Stock Analysis on BKH
Black Hills Profile
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.
Featured Articles
- Five stocks we like better than Black Hills
- 3 Fixed-Income ETFs Show Why Yield Is Only Part of the Income Story
- AbbVie Quietly Solved Its Biggest Problem—Now What?
- Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade
- Strategy’s Structural Strength: Hidden in a $8 Billion Illusion
Want to see what other hedge funds are holding BKH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Black Hills Corporation (NYSE:BKH – Free Report).
Receive News & Ratings for Black Hills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Hills and related companies with MarketBeat.com's FREE daily email newsletter.
