Black Hills Corporation (NYSE:BKH) Stock Has Average Price Target of $83.33

Posted by George Bondi on Oct 1st, 2026

Shares of Black Hills Corporation (NYSE:BKH – Get Free Report) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $81.29.

BKH has been the topic of a number of analyst reports. Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Oppenheimer set a $78.00 target price on shares of Black Hills in a research note on Thursday, June 11th. Freedom Broker initiated coverage on shares of Black Hills in a report on Wednesday. They set a “hold” rating and a $69.00 price target on the stock. Bank of America upped their price target on shares of Black Hills from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. Finally, BMO Capital Markets reduced their price objective on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd.

Get Our Latest Analysis on BKH

Black Hills Trading Down 0.1%

Shares of BKH stock opened at $70.22 on Monday. Black Hills has a 1 year low of $59.33 and a 1 year high of $78.69. The firm has a fifty day moving average price of $72.43 and a 200-day moving average price of $72.88. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.52 and a quick ratio of 0.41. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 2.78 and a beta of 0.71.

Black Hills (NYSE:BKH – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.41 by $0.13. Black Hills had a return on equity of 7.98% and a net margin of 13.01%.The firm had revenue of $452.80 million during the quarter, compared to analyst estimates of $490.89 million. During the same period in the prior year, the business posted $0.38 EPS. Black Hills’s revenue was up 3.1% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts predict that Black Hills will post 4.34 earnings per share for the current year.

Black Hills Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.7030 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, August 17th. Black Hills’s dividend payout ratio is presently 70.96%.

Hedge Funds Weigh In On Black Hills

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Black Hills in the 2nd quarter worth approximately $928,675,000. Engineers Gate Manager LP lifted its holdings in shares of Black Hills by 17,790.3% in the fourth quarter. Engineers Gate Manager LP now owns 849,073 shares of the utilities provider’s stock worth $58,943,000 after buying an additional 844,327 shares in the last quarter. Corient Private Wealth LP purchased a new position in shares of Black Hills in the second quarter worth $3,691,000. Bank of New York Mellon Corp bought a new position in shares of Black Hills during the second quarter worth $56,841,000. Finally, Capital Research Global Investors boosted its position in shares of Black Hills by 38.7% during the fourth quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider’s stock worth $157,995,000 after acquiring an additional 634,800 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

About Black Hills

(Get Free Report)

Black Hills Corporation (NYSE:BKH) is a regulated utility holding company headquartered in Rapid City, South Dakota. Through its operating subsidiaries, the company provides electric and natural gas utility services to residential, commercial, industrial and other customers.

Black Hills owns and operates electric generation, transmission and distribution facilities, as well as natural gas distribution, storage and transportation infrastructure. Its electric utilities serve customers in Colorado, Montana, South Dakota and Wyoming, while its natural gas utilities operate in Arkansas, Colorado, Iowa, Kansas, Nebraska and Wyoming.

The company traces its history to the development of utility services in the Black Hills region and was incorporated as Black Hills Corporation in 1941.