Black Hills (NYSE:BKH) Rating Lowered to “Hold” at Freedom Broker

Posted by George Bondi on Nov 7th, 2026

Black Hills (NYSE:BKH – Get Free Report) was downgraded by stock analysts at Freedom Broker from a “buy” rating to a “hold” rating in a report released on Thursday, MarketBeat Ratings reports. They presently have a $78.00 target price on the utilities provider’s stock. Freedom Broker‘s target price would suggest a potential downside of 8.25% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. BMO Capital Markets boosted their target price on shares of Black Hills from $83.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Bank of America lifted their price objective on Black Hills from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, September 21st. Jefferies Financial Group began coverage on Black Hills in a research report on Wednesday, October 14th. They set a “buy” rating and a $87.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Black Hills in a research report on Thursday, October 22nd. Finally, Wall Street Zen raised Black Hills from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $85.00.

Read Our Latest Analysis on Black Hills

Black Hills Stock Performance

BKH traded up $0.39 during midday trading on Thursday, hitting $85.02. 1,454,149 shares of the company traded hands, compared to its average volume of 1,434,756. The company’s 50-day moving average is $75.09 and its 200 day moving average is $73.62. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $6.48 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 3.27 and a beta of 0.64. Black Hills has a 52 week low of $67.25 and a 52 week high of $86.54.

Black Hills (NYSE:BKH – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The utilities provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. The firm had revenue of $466.10 million during the quarter, compared to analyst estimates of $483.04 million. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. On average, research analysts expect that Black Hills will post 4.34 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BKH. BlackRock Inc. purchased a new stake in shares of Black Hills in the 2nd quarter worth $928,675,000. Corient Private Wealth LP bought a new stake in Black Hills during the second quarter valued at about $3,691,000. Bank of New York Mellon Corp purchased a new stake in Black Hills in the second quarter worth about $56,841,000. Pictet Asset Management Holding SA increased its position in Black Hills by 90.7% in the third quarter. Pictet Asset Management Holding SA now owns 1,593,242 shares of the utilities provider’s stock worth $111,654,000 after buying an additional 757,990 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in Black Hills in the second quarter worth about $42,613,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Trending Headlines about Black Hills

Here are the key news stories impacting Black Hills this week:

Positive Sentiment: Black Hills reported Q3 diluted EPS of $0.57, above the $0.47 analyst consensus, and revenue rose 8.3% year over year. The company also reaffirmed its 2026 adjusted earnings guidance, reducing uncertainty about its near-term outlook. Black Hills Q3 results and guidance
Neutral Sentiment: Revenue of $466.1 million came in below analysts’ $483.0 million estimate, tempering the earnings beat. Q3 earnings results
Negative Sentiment: Freedom Broker downgraded BKH from “buy” to “hold” and set a $78 price target, below the cited $85.02 share price. The downgrade could weigh on sentiment despite the quarterly EPS beat. Freedom Broker rating

Black Hills Company Profile

(Get Free Report)

Black Hills Corporation (NYSE:BKH) is an energy company headquartered in Rapid City, South Dakota. Through its Black Hills Energy businesses, the company provides regulated electric and natural gas utility services to residential, commercial and industrial customers.

Black Hills operates electric utilities and natural gas distribution systems across parts of Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its activities include generating and purchasing electricity, transmitting and distributing power, distributing natural gas, and developing and maintaining the infrastructure needed to serve its utility customers.

The company traces its history to the Black Hills region and has expanded through the development and acquisition of utility operations in the central and western United States.