FY2025 EPS Estimates for Black Hills Lowered by Scotiabank

Black Hills Co. (NYSE:BKH) – Scotiabank reduced their FY2025 earnings per share (EPS) estimates for Black Hills in a research note issued on Wednesday, March 19th. Scotiabank analyst A. Weisel now expects that the utilities provider will earn $4.12 per share for the year, down from their previous estimate 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

Shares of NYSE BKH opened at $59.15 on Friday. Black Hills has a 1 year low of $50.73 and a 1 year high of $65.59. The firm has a market cap of $4.26 billion, a P/E ratio of 15.09, a PEG ratio of 2.75 and a beta of 0.68. The stock has a fifty day moving average price of $59.48 and a two-hundred day moving average price of $60.09. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.77 and a current ratio of 0.97.

Black Hills (NYSE:BKH) last released its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.20 by $0.17. Black Hills had a net margin of 12.84% and a return on equity of 7.82%.

Black Hills Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, February 18th were issued a dividend of $0.676 per share. This is a positive change from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date was Tuesday, February 18th. Black Hills’s payout ratio is presently 68.88%.

Institutional Investors Weigh In On Black Hills

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its position in shares of Black Hills by 66.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 173 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of Black Hills by 5.9% in the fourth quarter. EP Wealth Advisors LLC now owns 3,528 shares of the utilities provider’s stock valued at $206,000 after purchasing an additional 197 shares in the last quarter. Barnett & Company Inc. lifted its holdings in shares of Black Hills by 2.7% in the fourth quarter. Barnett & Company Inc. now owns 7,500 shares of the utilities provider’s stock valued at $439,000 after purchasing an additional 200 shares in the last quarter. WBI Investments LLC boosted its position in shares of Black Hills by 2.5% in the fourth quarter. WBI Investments LLC now owns 8,344 shares of the utilities provider’s stock worth $488,000 after buying an additional 203 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Black Hills by 8.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,919 shares of the utilities provider’s stock valued at $171,000 after buying an additional 222 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

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.