Black Hills Corp
About: Black Hills Corp is a U.S.-based energy company that operates through its Electric Utilities, Gas Utilities, Corporate and Other segments. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from electric utilities.
Employees: 2,874
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
40% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 40
23% more call options, than puts
Call options by funds: $2.9M | Put options by funds: $2.35M
17% more repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 124
13% more capital invested
Capital invested by funds: $3.24B [Q2] → $3.67B (+$424M) [Q3]
4% more funds holding
Funds holding: 372 [Q2] → 388 (+16) [Q3]
0.4% less ownership
Funds ownership: 86.8% [Q2] → 86.4% (-0.4%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$67
16%
upside
Avg. target
$67
16%
upside
High target
$67
16%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Scotiabank Andrew Weisel 46% 1-year accuracy 13 / 28 met price target | 16%upside $67 | Sector Perform Maintained | 12 Dec 2024 |
Financial journalist opinion
Based on 8 articles about BKH published over the past 30 days
Positive
The Motley Fool
1 day ago
The Best Dividend Paying Utility Stocks to Invest $2,000 in Right Now
Utilities are generally considered safe income investment vehicles. Back in the day, they used to be called widow-and-orphan stocks on Wall Street.
Positive
24/7 Wall Street
1 week ago
The Highest Yielding Dividend Kings Are the Perfect Gift Under the Tree This Year
Dividend stocks are a favorite among investors for good reason.
Positive
Seeking Alpha
1 week ago
Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends
"A Dividend King [is] a stock with 50 or more consecutive years of dividend increases." - suredividend.com. 53 Divided Kings, screened as of December 11, 2024, represented all eleven Morningstar Sectors. Broker-estimated top-ten net gains ranged from 14.79% to 25.23%, topped by SJW and SWK. By yield, MO topped all the Kings. Top-ten yields from ABBV, ADM, SWK, FRT, FTS, BKH, NWN, CDUAF, UVV, and MO averaged 4.67%.
Neutral
GlobeNewsWire
2 weeks ago
Black Hills Corp. Natural Gas Utility Receives Approval for New Rates in Iowa
RAPID CITY, S.D., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its Iowa natural gas utility, Black Hills/Iowa Gas Utility Company, LLC, doing business as Black Hills Energy, received approval from the Iowa Utilities Commission of a settlement agreement for new rates. The new rates are designed to recover approximately $100 million of pipeline system investments since the utility's last general rate filing in 2021.
Positive
The Motley Fool
2 weeks ago
3 Top Energy Stocks to Buy as 2024 Draws to a Close
Energy stocks are having a solid year. The average one in the S&P 500 was up 14% heading into the year's final month.
Positive
The Motley Fool
3 weeks ago
2 No-Brainer High-Yield Utility Investments to Buy Right Now
The utility sector rallied strongly in 2024, with the average utility stock yield falling from around 3.6% to the current rate of around 2.8%. While that's still better than the 1.2% you would collect from the S&P 500 index, you can do much better.
Neutral
The Motley Fool
3 weeks ago
Here Are My Top 2 High-Yield Energy Stocks to Buy Now
High-yield energy stocks can provide diversification to your portfolio. But if you pick the right high-yielders, they can also offer stability -- you just have to avoid the segments of the energy sector known for massive, commodity-driven price swings.
Positive
The Motley Fool
4 weeks ago
3 Dividend Stocks to Double Up on Right Now
Dividend stocks come in many different shapes and sizes, but one incarnation stands head and shoulders above them all: The Dividend King. Dividend Kings have increased their dividends annually for 50 consecutive years, or longer.
Neutral
Business Wire
1 month ago
Converium Capital Sends Letter to Medical Facilities' Board of Directors to Congratulate the Company on its Recent Sale of Black Hills Surgical Hospital
MONTREAL--(BUSINESS WIRE)--Converium Capital Inc. (“Converium”), one of the largest shareholders of Medical Facilities Corporation (TSE: DR) (“Medical Facilities” or the “Company”), today announced it sent the below letter to the Medical Facilities Board of Directors (the “Board”) to congratulate the Company on its recent sale of Black Hills Surgical Hospital. *** November 20, 2024 Board of Directors Medical Facilities Corporation 4576 Yonge Street, Suite 701 Toronto, ON M2N 6N4 Dear Members of.
Positive
Seeking Alpha
1 month ago
Black Hills Is Still A Buyable Dividend King Now
Black Hills Corporation has hiked its dividends paid to shareholders for 54 years straight. The electric and gas utility continues to expect 4% to 6% annual diluted EPS growth over the long run. Black Hills' interest coverage and debt-to-capital ratios point to a financially healthy business.
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