Analysts Set Expectations for Black Hills FY2025 Earnings

Black Hills Co. (NYSE:BKH - Free Report) - Scotiabank lowered their FY2025 earnings per share (EPS) estimates for shares of Black Hills in a research note issued on Wednesday, March 19th. Scotiabank analyst A. Weisel now expects that the utilities provider will post earnings per share of $4.12 for the year, down from their previous forecast of $4.15. Scotiabank currently has a "Sector Perform" rating and a $66.00 target price on the stock. The consensus estimate for Black Hills' current full-year earnings is $4.12 per share. Scotiabank also issued estimates for Black Hills' FY2026 earnings at $4.34 EPS.

Black Hills Stock Performance

NYSE BKH traded down $0.54 on Friday, hitting $58.92. 564,467 shares of the stock were exchanged, compared to its average volume of 420,016. The company has a market capitalization of $4.25 billion, a PE ratio of 15.03, a P/E/G ratio of 2.75 and a beta of 0.68. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.97 and a quick ratio of 0.77. The business's fifty day moving average is $59.60 and its 200 day moving average is $60.09. Black Hills has a 52 week low of $50.73 and a 52 week high of $65.59.

Black Hills (NYSE:BKH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.17. Black Hills had a return on equity of 7.82% and a net margin of 12.84%.

Black Hills Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Tuesday, February 18th were issued a $0.676 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.59%. This is a boost from Black Hills's previous quarterly dividend of $0.65. The ex-dividend date was Tuesday, February 18th. Black Hills's dividend payout ratio is presently 68.88%.

Hedge Funds Weigh In On Black Hills

A number of hedge funds and other institutional investors have recently bought and sold shares of BKH. Smartleaf Asset Management LLC raised its stake in Black Hills by 66.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider's stock valued at $25,000 after buying an additional 173 shares during the period. Larson Financial Group LLC raised its stake in Black Hills by 182.8% in the 4th quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 298 shares during the period. Versant Capital Management Inc raised its stake in Black Hills by 181.5% in the 4th quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 305 shares during the period. Global Retirement Partners LLC lifted its holdings in Black Hills by 373.2% during the 4th quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 418 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Black Hills by 83.3% during the 4th quarter. UMB Bank n.a. now owns 625 shares of the utilities provider's stock worth $37,000 after buying an additional 284 shares during the last quarter. Institutional investors own 86.71% of the company's stock.

Black Hills Company Profile

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.