Should I buy or sell Black Hills stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Black Hills in the last year. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" BKH shares. View BKH analyst ratings or view top-rated stocks .

What is Black Hills' stock price target for 2024?

5 analysts have issued twelve-month price targets for Black Hills' shares. Their BKH share price targets range from $49.00 to $62.00. On average, they anticipate the company's share price to reach $55.80 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price. View analysts price targets for BKH or view top-rated stocks among Wall Street analysts .

How have BKH shares performed in 2024?

Black Hills' stock was trading at $53.95 at the start of the year. Since then, BKH shares have decreased by 4.3% and is now trading at $51.62. View the best growth stocks for 2024 here .

When is Black Hills' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our BKH earnings forecast .

How were Black Hills' earnings last quarter?

Black Hills Co. (NYSE:BKH) issued its quarterly earnings results on Thursday, February, 8th. The utilities provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.11. The utilities provider had revenue of $591.70 million for the quarter, compared to the consensus estimate of $863.67 million. Black Hills had a net margin of 11.25% and a trailing twelve-month return on equity of 8.15%. During the same period last year, the company posted $1.11 EPS.

How often does Black Hills pay dividends? What is the dividend yield for Black Hills?

Black Hills announced a quarterly dividend on Friday, January 26th. Stockholders of record on Friday, February 16th will be given a dividend of $0.65 per share on Friday, March 1st. This represents a $2.60 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend is Thursday, February 15th. This is an increase from the stock's previous quarterly dividend of $0.63. Read our dividend analysis for BKH .

Is Black Hills a good dividend stock?

Black Hills (NYSE:BKH) pays an annual dividend of $2.50 per share and currently has a dividend yield of 4.84%. BKH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 63.78%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for BKH .

What ETFs hold Black Hills' stock?

ETFs with the largest weight of Black Hills (NYSE:BKH) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN) , ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) , Nuveen Small Cap Select ETF (NSCS) , KraneShares Value Line Dynamic Dividend Equity Index ETF (KVLE) , Trajan Wealth Income Opportunities ETF (TWIO) , Invesco High Yield Equity Dividend Achievers ETF (PEY) , Vanguard Russell 2000 Value ETF (VTWV) and Vanguard Utilities ETF (VPU) .

What guidance has Black Hills issued on next quarter's earnings?

Black Hills issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided EPS guidance of 3.800-4.000 for the period, compared to the consensus earnings per share estimate of 3.870. The company issued revenue guidance of -.

What is Linn Evans' approval rating as Black Hills' CEO?

9 employees have rated Black Hills Chief Executive Officer Linn Evans on Glassdoor.com . Linn Evans has an approval rating of 85% among the company's employees.

What other stocks do shareholders of Black Hills own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Black Hills investors own include Verizon Communications (VZ) , AT&T (T) , Johnson & Johnson (JNJ) , Exxon Mobil (XOM) , Altria Group (MO) , United Technologies (UTX) , Enterprise Products Partners (EPD) , Coca-Cola (KO) , Procter & Gamble (PG) and Bank of Hawaii (BOH) .

Who are Black Hills' major shareholders?

Black Hills' stock is owned by a variety of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (1.33%), Dimensional Fund Advisors LP (1.28%), Charles Schwab Investment Management Inc. (1.15%), Franklin Resources Inc. (0.61%), California Public Employees Retirement System (0.50%) and Assenagon Asset Management S.A. (0.38%). Insiders that own company stock include Rebecca B Roberts , Richard Kinzley , Stuart A Wevik and Stuart A Wevik . View institutional ownership trends .

How do I buy shares of Black Hills?

Shares of BKH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:BKH

Black Hills (BKH) Stock Price, News & Analysis

$51.62

+0.37 (+0.72%)

(As of 02/9/2024 08:56 PM ET)

Compare

Today's Range: $50.92
▼
$51.80
50-Day Range: $49.65
▼
$56.04
52-Week Range: $46.43
▼
$66.85

Volume: 781,300 shs
Average Volume: 592,314 shs
Market Capitalization: $3.51 billion

P/E Ratio: 13.17
Dividend Yield: 4.84%
Price Target: $55.80

Get Black Hills alerts:

Black Hills MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.80 Rating Score
Upside/Downside: 8.1% Upside
$55.80 Price Target
Short Interest: Healthy
3.54% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -6.36
Upright™ Environmental Score
News Sentiment: 0.59
Based on 23 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.60 out of 5 stars

Utilities Sector

65th out of 89 stocks

Electric Services Industry

29th out of 41 stocks

0.9

Analyst's Opinion

Consensus Rating
Black Hills has received a consensus rating of Reduce. The company's average rating score is 1.80, and is based on no buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $55.80, Black Hills has a forecasted upside of 8.1% from its current price of $51.62.
Amount of Analyst Coverage
Black Hills has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.54% of the outstanding shares of Black Hills have been sold short.
Short Interest Ratio / Days to Cover
Black Hills has a short interest ratio ("days to cover") of 4.6.
Change versus previous month
Short interest in Black Hills has recently decreased by 3.60%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Leadership
Black Hills is a leading dividend payer. It pays a dividend yield of 4.84%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Black Hills has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Black Hills is 63.78%. This payout ratio is at a healthy, sustainable level, below 75%.

1.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Black Hills has received a -49.92% net impact score from Upright. The largest negative impact of Black Hills in category "GHG emissions" seems to be driven mostly by its "Retail for natural gas", "Electricity retailing", and "Natural gas distribution services" products. See details.
Environmental Sustainability
The Environmental Impact score for Black Hills is -6.36.

3.1

News and Social Media Coverage

News Sentiment
Black Hills has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Utilities companies.
News Coverage This Week
MarketBeat has tracked 23 news articles for Black Hills this week, compared to 3 articles on an average week.
Search Interest
33 people have searched for BKH on MarketBeat in the last 30 days. This is an increase of 94% compared to the previous 30 days.
MarketBeat Follows
9 people have added Black Hills to their MarketBeat watchlist in the last 30 days. This is an increase of 80% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Black Hills insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.61% of the stock of Black Hills is held by insiders.
Percentage Held by Institutions
86.64% of the stock of Black Hills is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Black Hills is 13.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of Black Hills is 13.17, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 81.12.
Price to Book Value per Share Ratio
Black Hills has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Black Hills Stock (NYSE:BKH)

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 220,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,482 megawatts of generation capacity and 9,024 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,107,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; owns and operates 4,713 miles of intrastate gas transmission pipelines; 42,222 miles of gas distribution mains and service lines; seven natural gas storage sites; and approximately 50,000 horsepower of compression and 515 miles of gathering lines. The company also constructs and maintains gas infrastructure facilities for gas transportation customers; and provides appliance repair services to residential utility customers, as well as electrical system construction services to large industrial customers. In addition, it produces electric power through wind, natural gas, and coal-fired generating plants; and coal at its coal mine located near Gillette, Wyoming. The company was incorporated in 1941 and is headquartered in Rapid City, South Dakota.

BKH Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BKH Stock News Headlines

February 12, 2024 | americanbankingnews.com

Royal Bank of Canada Cuts Black Hills (NYSE:BKH) Price Target to $57.00

February 10, 2024 | finance.yahoo.com

It Might Not Be A Great Idea To Buy Black Hills Corporation (NYSE:BKH) For Its Next Dividend

February 12, 2024 | The Freeport Society (Ad)

Biden Out, _______ In?

A new poll shows that two-thirds of Democrats want Biden to drop out of the 2024 race. The truth will shock you.

February 10, 2024 | americanbankingnews.com

Black Hills (NYSE:BKH) Given New $58.00 Price Target at Scotiabank

February 9, 2024 | markets.businessinsider.com

Analysts Offer Insights on Utilities Companies: Fluence Energy (FLNC) and Black Hills (BKH)

February 9, 2024 | finance.yahoo.com

Black Hills Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

February 9, 2024 | finance.yahoo.com

Black Hills Corporation (NYSE:BKH) Q4 2023 Earnings Call Transcript

February 9, 2024 | finance.yahoo.com

Q4 2023 Black Hills Corp Earnings Call

February 12, 2024 | The Freeport Society (Ad)

Biden Out, _______ In?

A new poll shows that two-thirds of Democrats want Biden to drop out of the 2024 race. The truth will shock you.

February 7, 2024 | markets.businessinsider.com

Black Hills Corp Q4 Profit Advances, Beats estimates

February 7, 2024 | finance.yahoo.com

Black Hills Corp. Reports 2023 Fourth-Quarter and Full-Year Results and Initiates 2024 Earnings Guidance

February 7, 2024 | finance.yahoo.com

Black Hills Corp (BKH) Surpasses Earnings Guidance for 2023, Sets Positive Outlook for 2024

February 6, 2024 | msn.com

Black Hills Stock Show and Rodeo ends on a high note

February 3, 2024 | msn.com

Youth stock show competitions held in the Black Hills

February 3, 2024 | msn.com

Snowmobilers hope for snow soon to salvage the Black Hills season

February 3, 2024 | msn.com

Beyond boots and broncs: unveiling unique treasures at the Black Hills Stock Show and Rodeo

February 1, 2024 | msn.com

Black Hills Stock Show looks to see more involvement from youth

February 1, 2024 | finance.yahoo.com

Black Hills Energy Renewable Resources Completes Acquisition of Renewable Natural Gas Production Facility in Iowa

January 31, 2024 | finanznachrichten.de

LION ROCK RESOURCES INC

January 31, 2024 | seekingalpha.com

Black Hills Corporation: Dividend King, Decade High Yield Near 5%

January 30, 2024 | msn.com

FFA Day at the 2024 Black Hills Stock and Rodeo features future farmers in the rodeo zone

January 26, 2024 | finance.yahoo.com

Black Hills Corp. Announces Quarterly Dividend Increase

January 26, 2024 | fool.com

2 No-Brainer Utility Stocks to Buy With $1,000 Right Now

January 12, 2024 | fool.com

This Dividend King's Growth Plans Kick Into High Gear in 2024

January 10, 2024 | finance.yahoo.com

Black Hills Corp. Schedules 2023 Fourth Quarter and Full Year Earnings Release and Conference Call

December 19, 2023 | seekingalpha.com

Black Hills Corporation: Undervalued Share And Rising Dividend, But Slower Growth Ahead

December 9, 2023 | finance.yahoo.com

Does Black Hills Corporation (NYSE:BKH) Create Value For Shareholders?

See More Headlines

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Company Calendar

Ex-Dividend for 12/1 Dividend: 11/16/2023
Dividend Payable: 12/01/2023
Last Earnings: 2/08/2024
Today: 2/12/2024
Ex-Dividend for 3/1 Dividend: 2/15/2024
Dividend Payable: 3/01/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Utilities
Industry: Electric services
Sub-Industry: Multi-Utilities
Current Symbol: NYSE:BKH
CUSIP: 09211310
CIK: 1130464
Web: www.blackhillscorp.com
Phone: (605) 721-1700
Fax: 605-348-4748
Employees: 2,982
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $55.80
High Stock Price Target: $62.00
Low Stock Price Target: $49.00
Potential Upside/Downside: +8.1%
Consensus Rating: Reduce
Rating Score (0-4): 1.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.92
Trailing P/E Ratio: 13.17
Forward P/E Ratio: 13.24
P/E Growth: N/A
Net Income: $262.20 million
Net Margins: 11.25%
Pretax Margin: 12.94%
Return on Equity: 8.15%
Return on Assets: 2.73%

Debt

Debt-to-Equity Ratio: 1.17
Current Ratio: 0.77
Quick Ratio: 0.67

Sales & Book Value

Annual Sales: $2.33 billion
Price / Sales: 1.51
Cash Flow: $7.64 per share
Price / Cash Flow: 6.76
Book Value: $47.48 per share
Price / Book: 1.09

Miscellaneous

Outstanding Shares: 67,990,000
Free Float: 67,577,000
Market Cap: $3.51 billion
Optionable: Optionable
Beta: 0.65

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Key Executives

Mr. Linden R. Evans (Age 61)
President, CEO & Director
Comp: $2.09M
Mr. Erik D. Keller (Age 60)
Senior VP & Chief Information Officer
Comp: $587.11k
Mr. Brian G. Iverson (Age 61)
Senior VP, General Counsel & Chief Compliance Officer
Comp: $754.79k
Ms. Kimberly F. Nooney
Senior VP & CFO
Mr. Jerome E. Nichols
Director of Investor Relations
Ms. Todd Jacobs
Senior Vice President Growth and Strategy
Ms. Marne M. Jones (Age 51)
Senior Vice President of Utilities
Ms. Amy K. Koenig (Age 50)
VP of Governance, Corporate Secretary & Deputy General Counsel
Mr. Courtney Hebert
VP, Corporate Controller & Chief Risk Officer
Mr. Tom Stevens
VP & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BKH Stock Analysis - Frequently Asked Questions

Should I buy or sell Black Hills stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Black Hills in the last year. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" BKH shares.
View BKH analyst ratings or view top-rated stocks.
What is Black Hills' stock price target for 2024?: 5 analysts have issued twelve-month price targets for Black Hills' shares. Their BKH share price targets range from $49.00 to $62.00. On average, they anticipate the company's share price to reach $55.80 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for BKH or view top-rated stocks among Wall Street analysts.
How have BKH shares performed in 2024?: Black Hills' stock was trading at $53.95 at the start of the year. Since then, BKH shares have decreased by 4.3% and is now trading at $51.62.
View the best growth stocks for 2024 here.
When is Black Hills' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our BKH earnings forecast.
How were Black Hills' earnings last quarter?: Black Hills Co. (NYSE:BKH) issued its quarterly earnings results on Thursday, February, 8th. The utilities provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.11. The utilities provider had revenue of $591.70 million for the quarter, compared to the consensus estimate of $863.67 million. Black Hills had a net margin of 11.25% and a trailing twelve-month return on equity of 8.15%. During the same period last year, the company posted $1.11 EPS.
How often does Black Hills pay dividends? What is the dividend yield for Black Hills?: Black Hills announced a quarterly dividend on Friday, January 26th. Stockholders of record on Friday, February 16th will be given a dividend of $0.65 per share on Friday, March 1st. This represents a $2.60 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend is Thursday, February 15th. This is an increase from the stock's previous quarterly dividend of $0.63.
Read our dividend analysis for BKH.
Is Black Hills a good dividend stock?: Black Hills (NYSE:BKH) pays an annual dividend of $2.50 per share and currently has a dividend yield of 4.84%. BKH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 63.78%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for BKH.

What ETFs hold Black Hills' stock?: ETFs with the largest weight of Black Hills (NYSE:BKH) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Nuveen Small Cap Select ETF (NSCS), KraneShares Value Line Dynamic Dividend Equity Index ETF (KVLE), Trajan Wealth Income Opportunities ETF (TWIO), Invesco High Yield Equity Dividend Achievers ETF (PEY), Vanguard Russell 2000 Value ETF (VTWV) and Vanguard Utilities ETF (VPU).
What guidance has Black Hills issued on next quarter's earnings?: Black Hills issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided EPS guidance of 3.800-4.000 for the period, compared to the consensus earnings per share estimate of 3.870. The company issued revenue guidance of -.
What is Linn Evans' approval rating as Black Hills' CEO?: 9 employees have rated Black Hills Chief Executive Officer Linn Evans on Glassdoor.com. Linn Evans has an approval rating of 85% among the company's employees.
What other stocks do shareholders of Black Hills own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Black Hills investors own include Verizon Communications (VZ), AT&T (T), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Altria Group (MO), United Technologies (UTX), Enterprise Products Partners (EPD), Coca-Cola (KO), Procter & Gamble (PG) and Bank of Hawaii (BOH).
Who are Black Hills' major shareholders?: Black Hills' stock is owned by a variety of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (1.33%), Dimensional Fund Advisors LP (1.28%), Charles Schwab Investment Management Inc. (1.15%), Franklin Resources Inc. (0.61%), California Public Employees Retirement System (0.50%) and Assenagon Asset Management S.A. (0.38%). Insiders that own company stock include Rebecca B Roberts, Richard Kinzley, Stuart A Wevik and Stuart A Wevik.
View institutional ownership trends.
How do I buy shares of Black Hills?: Shares of BKH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BKH) was last updated on 2/12/2024 by MarketBeat.com Staff

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Black Hills (BKH) Stock Price, News & Analysis

Black Hills MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Black Hills Stock (NYSE:BKH)

BKH Stock Price History

BKH Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

BKH Stock Analysis - Frequently Asked Questions

Overall MarketRank^™