Black Hills (NYSE:BKH) Research Coverage Started at Freedom Broker

Posted by Francis Steltz on Oct 3rd, 2026

Freedom Broker assumed coverage on shares of Black Hills (NYSE:BKH – Free Report) in a research note published on Wednesday,Benzinga reports. The brokerage issued a hold rating and a $69.00 price target on the utilities provider’s stock.

BKH has been the subject of a number of other research reports. Oppenheimer set a $78.00 target price on shares of Black Hills in a research note on Thursday, June 11th. BMO Capital Markets cut their price target 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. Wall Street Zen upgraded Black Hills from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Finally, Bank of America boosted their price objective on Black Hills from $87.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, September 21st. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Black Hills currently has an average rating of “Moderate Buy” and a consensus price target of $81.29.

Read Our Latest Analysis on BKH

Black Hills Stock Performance

NYSE:BKH opened at $71.06 on Wednesday. The company has a market capitalization of $5.42 billion, a PE ratio of 17.94, a P/E/G ratio of 2.77 and a beta of 0.68. The company has a 50 day simple moving average of $72.25 and a two-hundred day simple moving average of $72.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.41 and a current ratio of 0.52. Black Hills has a fifty-two week low of $59.77 and a fifty-two week high of $78.69.

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

Black Hills Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BKH. Public Employees Retirement System of Ohio increased its holdings in shares of Black Hills by 4.3% during the first quarter. Public Employees Retirement System of Ohio now owns 3,342 shares of the utilities provider’s stock valued at $232,000 after acquiring an additional 137 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Black Hills by 17.5% during the second quarter. GAMMA Investing LLC now owns 1,134 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 169 shares during the period. Capital Financial Group Inc. Co. ADV lifted its holdings in shares of Black Hills by 0.8% in the 1st 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 in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Black Hills by 4.4% in the 4th quarter. Corient Private Wealth LLC now owns 4,804 shares of the utilities provider’s stock worth $334,000 after purchasing an additional 204 shares in the last quarter. Finally, Baird Financial Group Inc. grew its position in Black Hills by 4.2% in the 2nd quarter. Baird Financial Group Inc. now owns 5,979 shares of the utilities provider’s stock valued at $445,000 after purchasing an additional 241 shares during the period. 86.71% of the stock is owned by institutional investors.

Black Hills Company Profile

(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.