Black Hills Corp seeks $50.6 million in new revenue from SD rate review
Black Hills Corp. has applied to the South Dakota Public Utilities Commission for a $50.6 million annual revenue increase to cover infrastructure investments and operational costs for its electric utility services. This request follows approximately $523 million in investments since 2014, aimed at strengthening the electric grid and reducing wildfire risks for its 75,000 South Dakota customers. The company expects interim rates to begin 180 days after filing, with final rates determined in Q1 2027, marking its first base rate increase for South Dakota electric customers in over a decade if approved.
Black Hills Corp. Requests Rate Review in South Dakota
Black Hills Corp. has filed a rate review application with the South Dakota Public Utilities Commission, seeking $50.6 million in new annual revenue. This request aims to recover approximately $523 million in critical infrastructure investments made since 2014 and address increased operational costs for delivering reliable electric service to 75,000 customers. The company expects interim rates to be effective in 180 days, with final rates by the first quarter of 2027.
Ontario Teachers Pension Plan Board Reduces Stock Holdings in Black Hills Corporation $BKH
The Ontario Teachers Pension Plan Board has decreased its stake in Black Hills Corporation ($BKH) by 23.9%, selling 22,512 shares and now holding 71,611 shares valued at approximately $4.41 million. This reduction comes as Black Hills recently increased its quarterly dividend to $0.703 and reported better-than-expected earnings of $1.41 EPS, surpassing analyst estimates. Institutional investors collectively own a significant 86.71% of the company, and analysts maintain a "Moderate Buy" consensus rating with an average price target of $76.33.
Should Black Hills’ 2025 Earnings Growth and Higher Sales Require Action From Black Hills (BKH) Investors?
Black Hills Corporation (BKH) reported 2025 results showing sales of US$2.31 billion and net income of US$291.6 million, with diluted EPS of US$3.98, indicating consistent year-on-year earnings expansion. The company's investment narrative centers on regulated utility operations, capital projects like the Ready Wyoming transmission expansion, and the associated risks and opportunities for regulatory recovery. Fair value estimates for BKH vary widely among analysts, reflecting different expectations for future capital recovery.
A Look Into Black Hills Inc's Price Over Earnings
This article analyzes Black Hills Inc.'s (NYSE: BKH) stock performance and its Price-to-Earnings (P/E) ratio in comparison to its industry peers. Despite a slight decrease in the current session, the stock has shown significant gains over the past month and year. The analysis suggests that Black Hills has a lower P/E ratio than the Multi-Utilities industry average, which could indicate undervaluation, but also cautions that the P/E ratio should be considered alongside other financial metrics and industry trends for informed investment decisions.
Black Hills Corporation $BKH Shares Sold by Bessemer Group Inc.
Bessemer Group Inc. significantly reduced its stake in Black Hills Corporation (NYSE:BKH) by 99.8% in Q3, selling 232,450 shares and retaining only 498 shares. Despite this, Black Hills reported strong Q3 earnings, beating expectations with $1.41 EPS, raised its quarterly dividend to $0.703, and received a consensus analyst target of $76.33. The company also provided a positive FY2026 EPS guidance of $4.25–$4.45.
Black Hills Corporation (NYSE:BKH) Announces Dividend Increase - $0.70 Per Share
Black Hills Corporation (NYSE:BKH) announced a quarterly dividend increase to $0.703 per share, marking a 4.0% rise and extending its streak of annual dividend increases to 55 consecutive years. The dividend, payable on March 1st to shareholders of record by February 17th, represents an annualized yield of 3.8% and is supported by a sustainable payout ratio of 65.2% and expected future earnings. The company recently beat Q4 earnings estimates, and analysts generally hold a "Moderate Buy" rating with an average target price of $76.33.
Black Hills (NYSE:BKH) Downgraded by Wall Street Zen to "Sell"
Wall Street Zen downgraded Black Hills (NYSE: BKH) to a "sell," despite several other firms maintaining positive outlooks and a MarketBeat consensus of "Moderate Buy" with an average target of $76.33. The utility provider, trading around $74 with a $5.59 billion market cap, recently surpassed quarterly EPS estimates and provided positive FY2026 guidance. Institutional investors hold a significant stake in the company.
Black Hills Corporation (NYSE:BKH) Pays A US$0.703 Dividend In Just Four Days
Black Hills Corporation (NYSE:BKH) is set to trade ex-dividend in four days, with an upcoming dividend of US$0.703 per share, contributing to a 3.9% trailing yield. While the company's earnings per share have remained flat over the past five years, its dividend has increased by an average of 5.7% annually over the last decade. Investors should note that Black Hills paid a dividend despite negative free cash flow last year and that its earnings have remained flat, though its payout ratio is within acceptable limits.
Is It Worth Considering Black Hills Corporation (NYSE:BKH) For Its Upcoming Dividend?
Black Hills Corporation (NYSE:BKH) is set to trade ex-dividend in four days, with shareholders needing to be on record by February 17th to receive the US$0.703 per share dividend. The company boasts a 3.9% trailing yield but has flat earnings per share over the past five years and paid a dividend despite negative free cash flow. While its dividend growth over 10 years is 5.7% annually, the sustainability of future dividends is questionable given its earnings and cash flow challenges.
ProShare Advisors LLC Acquires 71,963 Shares of Black Hills Corporation $BKH
ProShare Advisors LLC has increased its stake in Black Hills Corporation (NYSE:BKH) by 10.8%, purchasing an additional 71,963 shares to bring its total holdings to 736,014 shares, valued at roughly $45.33 million. This increase makes ProShare Advisors LLC an owner of approximately 1.01% of the utility provider. Black Hills recently reported strong financial results, beating Q1 EPS estimates and raising its quarterly dividend, leading to several analyst upgrades and a consensus "Moderate Buy" rating.
Black Hills stock price target raised to $84 from $82 at BMO Capital By Investing.com
BMO Capital has increased its price target for Black Hills Corp (NYSE:BKH) to $84 from $82, maintaining an Outperform rating. This adjustment follows Black Hills' fiscal year earnings report, which met guidance, and the company's extended long-term EPS growth target of 4-6% through 2030, driven by optimism regarding microgrid fees and potential data center earnings. Despite the positive outlook from BMO, recent fourth-quarter 2025 earnings for Black Hills missed analyst expectations for both EPS and revenue.
Black Hills stock price target raised to $84 from $82 at BMO Capital
BMO Capital has increased its price target for Black Hills Corp (NYSE:BKH) to $84 from $82, maintaining an Outperform rating. This adjustment follows a Q4 2025 earnings report where EPS of $1.41 missed expectations, and revenue also fell short, but the company's 2026 guidance indicates an expected 6% growth over 2025 results. The firm cited increased optimism regarding Black Hills' microgrid management fees and data center earnings potential as reasons for the raised target.
Black Hills (NYSE:BKH) Has Announced That It Will Be Increasing Its Dividend To $0.703
Black Hills Corporation (NYSE:BKH) has announced an increase in its dividend to $0.703, resulting in a 3.9% dividend yield. While the company's earnings cover the dividend, a lack of free cash flow raises concerns about sustainability. The dividend has a solid track record of growth, but flat earnings per share over the past five years could limit future dividend growth potential.
Earnings Report: Black Hills Corporation Missed Revenue Estimates By 7.0%
Black Hills Corporation (NYSE:BKH) missed analyst revenue estimates by 7.0% and EPS by 3.1% in its latest annual report, with revenues of US$2.3 billion and EPS of US$3.98. Despite this miss, analysts have maintained their forecasts for 2026, predicting revenues of US$2.56 billion and EPS of US$4.36, indicating no significant change in future expectations. The company is still expected to grow faster than the wider industry, and the consensus price target remains steady at US$80.50.
Earnings Report: Black Hills Corporation Missed Revenue Estimates By 7.0%
Black Hills Corporation (NYSE:BKH) reported its annual results, missing analyst expectations with revenue falling short by 7.0% and EPS by 3.1%. Despite the miss, analysts have not significantly changed their 2026 forecasts, projecting an 11% revenue increase to US$2.56 billion and a 13% EPS growth to US$4.36. The consensus price target remains at US$80.50, indicating that the latest results did not fundamentally alter expectations for the company's future performance.
Black Hills Weighs Merger And Data Center Growth Against Valuation Signals
Black Hills Corporation is exploring a potential merger with NorthWestern Energy and significantly expanding its data center pipeline to over 3 gigawatts, attracting major tech firms like Meta and Microsoft. These strategic moves could alter its capital allocation and customer base, with investors closely watching regulatory approvals and long-term contracts. The stock is currently trading near its estimated fair value, with analysts seeing a modest upside.
Thrivent Financial for Lutherans Has $6.99 Million Holdings in Black Hills Corporation $BKH
Thrivent Financial for Lutherans has reduced its stake in Black Hills Corporation by 18.2%, now holding 113,497 shares valued at approximately $6.99 million. This comes as Black Hills reports strong financial results, including an EPS beat and an increased quarterly dividend, leading to analysts raising price targets and a "Moderate Buy" consensus rating. Additionally, Black Hills' CFO, Kimberly F. Nooney, sold a significant portion of her shares, though company insiders still retain a 0.63% ownership.
Black Hills (BKH) Reports Strong Q4 Revenue Growth
Black Hills Corp. (BKH) announced robust Q4 revenue growth, reaching $635.5 million, and highlighted successful execution of the Ready Wyoming electric transmission expansion. The company is also planning a merger with NorthWestern Energy to enhance its energy offerings. Despite strong operational performance and strategic initiatives, investors are advised to consider valuation concerns and financial warning signs, including an Altman Z-Score in the distress zone and recent insider selling, alongside the company's growth prospects.
Black Hills Corporation (BKH): A bull case theory
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Black Hills Corporation (BKH): A Bull Case Theory
This article summarizes a bullish thesis on Black Hills Corporation (BKH), highlighting its resilience as a U.S.-based utility serving 1.35 million customers across eight states. The company boasts 55 consecutive years of dividend increases, a 3.71% dividend yield, and significant investments in infrastructure and clean energy, including a $4.7 billion plan through 2029. These factors, alongside steady financial performance and growth initiatives, position BKH as a compelling utility investment.
Black Hills (NYSE:BKH) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Black Hills (NYSE:BKH) reported Q4 earnings per share of $1.41, missing analyst estimates by $0.04. Despite the miss, the company increased its quarterly dividend to $0.703, resulting in an annualized dividend of $2.81 and a 3.8% yield. Shares dipped slightly by 0.4% to $73.75, while analysts maintain a "Moderate Buy" rating with an average price target of $75.67.
Analysts Conflicted on These Utilities Names: Origin Energy Limited (OtherOGFGF) and Black Hills (BKH)
Analysts are divided on two utilities companies, Origin Energy Limited (OGFGF) and Black Hills (BKH). Citi analyst Tom Wallington maintained a Buy rating on Origin Energy with a A$13.00 price target, while Bank of America Securities' Ross Fowler issued a Hold rating on Black Hills with a $72.00 price target. The consensus for Origin Energy is a Hold with a 19.2% upside, and for Black Hills, it's a Moderate Buy with a $77.33 average price target.
AlphaQuest LLC Makes New Investment in Black Hills Corporation $BKH
AlphaQuest LLC recently acquired a new stake of 21,978 shares in Black Hills Corporation (NYSE:BKH), valued at approximately $1.35 million. Analysts have shown increased positivity towards BKH, with BMO Capital Markets and Scotiabank upgrading the stock to "Outperform" and "Sector Outperform," respectively, resulting in a "Moderate Buy" consensus. Despite a recent stock sale by CFO Kimberly Nooney, Black Hills increased its quarterly dividend to $0.703, offering a 3.9% yield.
Halper Sadeh LLC Investigates Merger Violations
Halper Sadeh LLC is investigating potential merger violations concerning Black Hills Corp. (BKH) and NorthWestern Energy Group, where Black Hills shareholders will own 56% of the combined entity. The firm aims to protect shareholder rights by seeking increased compensation, additional disclosures, and other relief measures. NorthWestern Energy Group shareholders are expected to receive 0.98 shares of Black Hills for each share they own, resulting in about 44% ownership in the combined company.
Should Black Hills’ Dividend Hike and Ready Wyoming Expansion Shape BKH’s Long-Term Capital Allocation Story?
Black Hills Corporation recently increased its quarterly dividend and completed its Ready Wyoming electric transmission expansion. This article examines how these developments fit into BKH's investment narrative, emphasizing its focus on regulated utilities, capital projects, and shareholder returns. It also highlights differing fair value estimates among investors and recommends further research into the company's financial health, regulatory risks, and balance sheet pressures.
Black Hills' (NYSE:BKH) Upcoming Dividend Will Be Larger Than Last Year's
Black Hills Corporation (NYSE:BKH) has announced a larger dividend payment of $0.703, resulting in a 3.9% dividend yield. While the company has a solid track record of increasing dividends over the past decade, concerns are raised regarding its negative free cash flows, which could challenge the sustainability and growth of future dividend payments despite strong EPS forecasts. Investors are advised to consider other factors beyond dividend history, as future dividend growth may be constrained without a significant increase in earnings.
Y Intercept Hong Kong Ltd Sells 56,802 Shares of Black Hills Corporation $BKH
Y Intercept Hong Kong Ltd has reduced its stake in Black Hills Corporation (NYSE:BKH) by 55.7% in the third quarter, selling 56,802 shares and retaining 45,172 worth approximately $2.78 million. Despite this insider selling, analysts maintain a "Moderate Buy" consensus with an average target price of $75.67, driven by recent upgrades from Scotiabank and BMO. Black Hills also increased its quarterly dividend to $0.703, offering an annualized yield of 3.8% and a payout ratio of about 71%.
Universal Beteiligungs und Servicegesellschaft mbH Has $4.53 Million Stock Holdings in Black Hills Corporation $BKH
Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Black Hills Corporation by 29.1% in the third quarter, holding 73,524 shares valued at $4.53 million. This comes as analysts have raised price targets and ratings for Black Hills, and the company recently increased its quarterly dividend to $0.703, offering a 3.8% yield. Institutional investors and hedge funds own 86.71% of Black Hills stock.
Black Hills (BKH) Valuation Updated as BofA Revises Models
BofA recently increased its price target for Black Hills Corporation (NYSE: BKH) to $72 from $70, maintaining a Neutral rating, reflecting a valuation roll-forward to 2028 EPS and revised peer P/E multiples. This update follows Black Hills' completion of its $350 million Ready Wyoming electric transmission expansion project in December 2025, which aims to enhance system reliability and support economic activity. The project's costs are expected to be recovered through a Wyoming Transmission Rider and base rates.
Black Hills (BKH) Valuation Updated as BofA Revises Models
BofA recently updated its valuation models for Black Hills Corporation (NYSE: BKH), raising its price target to $72 from $70 while maintaining a Neutral rating. This adjustment reflects a forward-looking valuation to 2028 EPS and revised peer P/E multiples. The company also recently completed its $350 million Ready Wyoming electric transmission expansion, a project designed to enhance reliability, support cost stability for customers, and open access to regional power markets.
Black Hills Corp. raises quarterly dividend by 4% to $0.703 per share
Black Hills Corp. (NYSE:BKH) has raised its quarterly dividend by 4% to $0.703 per share, marking its 56th consecutive year of increasing dividends. The company, which serves 1.35 million natural gas and electric utility customers across eight states, highlighted its long history of uninterrupted dividend payments dating back 84 years. This dividend increase reflects confidence in the company's long-term strategy and growth, following recent positive developments like strong Q3 2025 EPS and the completion of a major electric transmission project.
Black Hills Corp. raises quarterly dividend by 4% to $0.703 per share
Black Hills Corp. announced a 4% increase in its quarterly dividend to $0.703 per share, marking its 56th consecutive year of dividend increases. The utility company maintains an 84-year uninterrupted dividend payment history. This decision reflects confidence in its long-term strategy, growth, and team execution, following recent positive developments like strong Q3 2025 earnings and the completion of the Ready Wyoming project.
Black Hills stock price target raised to $72 from $70 at BofA Securities
BofA Securities has increased its price target for Black Hills Corp (NYSE:BKH) to $72.00 from $70.00, while maintaining a Neutral rating, citing improving strategic positioning from the pending merger with Northwestern Energy. This merger is expected to boost Black Hills' EPS CAGR to 5-7% from the previous 4-6%. The company has a strong dividend history, having raised it for 55 consecutive years, but its stock currently appears overvalued based on its PEG ratio.
Black Hills Corp. raises quarterly dividend by 4% to $0.703 per share
Black Hills Corp. has announced a 4% increase in its quarterly dividend to $0.703 per share, marking its 56th consecutive year of annual dividend increases. The utility company cited confidence in its long-term strategy and growth and boasts an uninterrupted dividend payment history of 84 years. This news follows recent reports of the company's strong Q3 2025 EPS, completion of the Ready Wyoming transmission project, and a raised price target from BofA Securities.
Black Hills raises quarterly dividend by 4% to $0.703/share
Black Hills Corporation (BKH) has announced a 4% increase in its quarterly dividend, raising it from $0.675 to $0.703 per share. This marks the 54th consecutive year of dividend increases for the company, demonstrating its commitment to returning value to shareholders. The new dividend is payable on March 1, 2024, to shareholders of record as of February 15, 2024.
Black Hills (BKH) Increases Quarterly Dividend
Black Hills Corporation (BKH) has announced an increase in its quarterly dividend to 70.3 cents per share, a 2.7-cent rise. The regulated utility company operates in the Midwest and mountain regions of the U.S. and has a market capitalization of $5.41 billion. While the company exhibits a solid profitability framework and healthy financial situation, investors should be aware of a mixed financial performance including a negative 3-year revenue growth rate, an Altman Z-Score in the distress zone, and recent insider selling activity.
Black Hills (BKH) Boosts Dividend by 4%
Black Hills Corporation (BKH) has declared a 4% increase in its quarterly dividend to $0.703 per share, raising its forward yield to 3.92%. The company is executing a $4.7 billion capital plan, prioritizing the expanding data center sector, and has reaffirmed its 2025 earnings per share growth target. While the company demonstrates stable profitability and a healthy Piotroski F-Score, its Altman Z-Score indicates potential financial distress, and insider selling activity suggests concerns about future performance.
Black Hills Corp. Announces Quarterly Dividend Increase to $0.703 per Share
Black Hills Corp. (NYSE: BKH) has announced a quarterly dividend increase to $0.703 per share, marking its 56th consecutive year of annual dividend increases and 84 years of continuous annual dividends. This rise, reflecting confidence in the company's long-term strategy, is payable on March 1, 2026, to shareholders of record by February 17, 2026. The company serves 1.35 million natural gas and electric utility customers across eight states.
Black Hills Corp. Announces Increase in Quarterly Dividend
Black Hills Corp. announced that its board of directors approved a quarterly dividend of $0.703 per share, an increase of $0.027 per share from the previous quarter. This marks the 56th consecutive year of annual dividend increases for the company and the 84th consecutive year of paying annual dividends. The dividend will be payable on March 1, 2026, to shareholders of record as of February 17, 2026.
Black Hills Corp. Announces Increase in Quarterly Dividend
Black Hills Corp. (NYSE: BKH) has announced an increase in its quarterly dividend to $0.703 per share, raising it by $0.027 from the previous quarter. This marks the 56th consecutive year of annual dividend increases for the company, establishing it as having the second-longest track record in the electric and natural gas utility industry. Shareholders of record by February 17, 2026, will receive the dividend payable on March 1, 2026.
Black Hills Corp. Announces Increase in Quarterly Dividend
Black Hills Corp. (NYSE: BKH) announced an increase in its quarterly dividend to $0.703 per share, marking its 56th consecutive year of annual dividend increases. This decision reflects the company's confidence in its long-term strategy and growth. The dividend is payable on March 1, 2026, to shareholders of record as of February 17, 2026.
Black Hills stock price target raised to $72 from $70 at BofA Securities
BofA Securities has increased its price target for Black Hills Corp (NYSE:BKH) to $72 from $70, while maintaining a Neutral rating. This adjustment reflects an improved strategic outlook due to a pending merger between Northwestern Energy and Black Hills, which is expected to boost EPS CAGR. However, InvestingPro data suggests the stock is currently overvalued, despite a 55-year consecutive dividend raise and a 3.74% yield.
Black Hills (BKH) Merger Creates Uncertainty, Wells Fargo Issues Downgrade
Wells Fargo has downgraded NorthWestern Energy to Underweight, citing uncertainties surrounding its merger with Black Hills (BKH) and adjusting the price target to $53. Black Hills Corp, operating in regulated utilities, exhibits mixed financial performance with a distressed Altman Z-Score and declining margins, while its valuation metrics appear high. The merger adds significant uncertainty, and investors are advised to monitor developments closely given the potential downside risk.
A Look At Black Hills (BKH) Valuation After Completing The Ready Wyoming Transmission Project
Black Hills Corporation (BKH) has recently completed its $350 million Ready Wyoming electric transmission project, linking its South Dakota and Wyoming systems. Despite this and an upcoming earnings release, BKH's stock has seen a modest year-to-date gain, though its one-year return is stronger. The article assesses BKH's valuation, suggesting it is currently undervalued by about 7.6% with a fair value of $76.50, driven by expected earnings growth from large capital investments, though a tight P/E ratio suggests a fine margin for error.
Eagle Global Advisors LLC Takes $1.15 Million Position in Black Hills Corporation $BKH
Eagle Global Advisors LLC has acquired a new position of 18,740 shares, valued at approximately $1.15 million, in Black Hills Corporation (NYSE:BKH) during the third quarter. This new stake contributes to the 86.71% institutional ownership of Black Hills. The company's shares opened at $72.07 with a market cap of $5.25 billion, and it announced a quarterly dividend of $0.676 per share.
36,400 Shares in Black Hills Corporation $BKH Bought by Polaris Capital Management LLC
Polaris Capital Management LLC has acquired a new stake of 36,400 shares in Black Hills Corporation (NYSE:BKH), valued at approximately $2.24 million, indicating significant institutional interest in the utility provider. This comes as CFO Kimberly F. Nooney recently sold 14,500 shares, reducing her holdings, while the company reported a Q3 EPS of $0.45 and a 7.1% year-over-year revenue increase. Black Hills also maintains a quarterly dividend of $0.676 and received an upgrade from Scotiabank to "sector outperform."
Meeder Asset Management Inc. Purchases 20,765 Shares of Black Hills Corporation $BKH
Meeder Asset Management Inc. increased its stake in Black Hills Corporation by 33.9%, acquiring an additional 20,765 shares to total 81,954 shares valued at approximately $5.05 million. This comes as analyst sentiment for Black Hills has improved, with Scotiabank upgrading the stock to "sector outperform" and raising its price target to $81. The company recently paid a quarterly dividend of $0.676 and currently trades with a PE ratio of 17.86 and a market cap of about $5.15 billion.
Black Hills Energy completes 260-mile Ready Wyoming electric transmission expansion project
Black Hills Energy has completed its 260-mile, $350 million Ready Wyoming electric transmission project, making it fully operational. This initiative aims to provide safe, reliable, and cost-effective energy to customers by establishing an independent transmission system and expanding access to power markets and renewable resources. The project, which began in 2023 and concluded in late 2025, also generated significant economic benefits for Wyoming including job creation and tax revenue.
Black Hills Corp. Completes Ready Wyoming 260-mile Electric Transmission Expansion Project
Black Hills Corp. announced the completion of its 260-mile, $350 million Ready Wyoming electric transmission expansion project, which was energized in December 2025. This project interconnects the company's electric systems in South Dakota and Wyoming, aiming to provide long-term cost stability for customers, enhance system resiliency, and support economic growth. Approximately $300 million of the investment will be recovered through the Wyoming Transmission Rider.
