Black Hills (BKH) Stock Price, News & Analysis

Company Overview

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,116,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; owns and operates 4,663 miles of intrastate gas transmission pipelines; 42,514 miles of gas distribution mains and service lines; seven natural gas storage sites; and approximately 50,000 horsepower of compression and 516 miles of gathering lines. It also constructs and maintains customer owned 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, the company produces electric power through wind, natural gas, and coal-fired generating plants; and coal at its coal mine located near Gillette, Wyoming. Black Hills Corporation was incorporated in 1941 and is headquartered in Rapid City, South Dakota.

Key Stats

• Today's Range: $63.65 to $64.76
• 50-Day Range: $57.60 to $64.31
• 52-Week Range: $49.33 to $64.76
• Volume: 513,103 shs
• Average Volume: 474,332 shs
• Market Capitalization: $4.60 billion
• P/E Ratio: 17.29
• Dividend Yield: 4.04%
• Price Target: $60.25
• Consensus Rating: Hold

Black Hills Stock Analysis - MarketRank™

Black Hills scored higher than 73% of companies evaluated by MarketBeat, and ranked 52nd out of 92 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Black Hills has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Black Hills has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.63%

Earnings Growth

Earnings for Black Hills are expected to grow by 5.63% in the coming year, from $3.91 to $4.13 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Black Hills is 17.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.87.

Price to Earnings Ratio vs. Sector

The P/E ratio of Black Hills is 17.29, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 99.96.

Price to Earnings Growth Ratio

Black Hills has a PEG Ratio of 4.53. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Black Hills has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.48% 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 5.9.

Change versus previous month

Short interest in Black Hills has recently increased by 12.16%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Black Hills is a leading dividend payer. It pays a dividend yield of 4.15%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Black Hills has been increasing its dividend for 54 years.

Dividend Coverage

The dividend payout ratio of Black Hills is 69.89%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Black Hills will have a dividend payout ratio of 62.95% next year. This indicates that Black Hills will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.8 / 5
• Environmental Score: -6.48

Percentage of Shares Shorted

3.48% 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 5.9.

Change versus previous month

Short interest in Black Hills has recently increased by 12.16%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.86

News Sentiment

Black Hills has a news sentiment score of 0.86. 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 is a higher news sentiment than the 0.72 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Black Hills this week, compared to 6 articles on an average week.

Search Interest

8 people have searched for BKH on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Black Hills to their MarketBeat watchlist in the last 30 days. This is a decrease of -89% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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

86.71% of the stock of Black Hills is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BKH Stock Analysis - Frequently Asked Questions

How have BKH shares performed this year?

Black Hills' stock was trading at $53.95 at the beginning of 2024. Since then, BKH stock has increased by 19.2% and is now trading at $64.31.
View the best growth stocks for 2024 here.

How were Black Hills' earnings last quarter?

Black Hills Co. (NYSE:BKH) posted its quarterly earnings results on Wednesday, July, 31st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. Black Hills's revenue was down 2.1% compared to the same quarter last year.

Who are Black Hills' major shareholders?

Top institutional investors of Black Hills include State Street Corp (5.05%), Geode Capital Management LLC (2.32%), Zimmer Partners LP (2.20%) and Charles Schwab Investment Management Inc. (1.70%). Insiders that own company stock include Richard Kinzley and Rebecca B Roberts.
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.

What other stocks do shareholders of Black Hills own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Black Hills investors own include Chevron (CVX), AbbVie (ABBV), Altria Group (MO), Verizon Communications (VZ), Exxon Mobil (XOM), Walmart (WMT) and Johnson & Johnson (JNJ).

Company Calendar

• Last Earnings: 7/31/2024
• Ex-Dividend for 9/1 Dividend: 8/19/2024
• Dividend Payable: 9/01/2024
• Ex-Dividend for 12/1 Dividend: 11/18/2024
• Today: 11/22/2024
• Dividend Payable: 12/01/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/05/2025

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: 2,874
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $60.25
• High Stock Price Target: $64.00
• Low Stock Price Target: $57.00
• Potential Upside/Downside: -6.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.72
• Trailing P/E Ratio: 17.29
• Forward P/E Ratio: 16.45
• P/E Growth: 4.53
• Net Income: $262.20 million
• Net Margins: 12.00%
• Pretax Margin: 14.09%
• Return on Equity: 7.43%
• Return on Assets: 2.60%

Debt

• Debt-to-Equity Ratio: 1.20
• Current Ratio: 1.12
• Quick Ratio: 0.83

Sales & Book Value

• Annual Sales: $2.33 billion
• Price / Sales: 1.97
• Cash Flow: $7.98 per share
• Price / Cash Flow: 8.06
• Book Value: $49.35 per share
• Price / Book: 1.30

Miscellaneous

• Outstanding Shares: 71,570,000
• Free Float: 71,136,000
• Market Cap: $4.60 billion
• Optionable: Optionable
• Beta: 0.69