Scotiabank Analysts Cut Earnings Estimates for Black Hills

Black Hills Co. (NYSE:BKH) – Research analysts at Scotiabank cut their FY2025 earnings estimates for Black Hills in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst A. Weisel now anticipates 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 (NYSE:BKH) last announced its quarterly 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 Trading Down 0.5 %

Shares of NYSE:BKH opened at $60.34 on Friday. Black Hills has a twelve month low of $50.73 and a twelve month high of $65.59. The company has a current ratio of 0.97, a quick ratio of 0.77 and a debt-to-equity ratio of 1.19. The firm has a market cap of $4.35 billion, a P/E ratio of 15.39, a P/E/G ratio of 2.75 and a beta of 0.68. The company has a 50 day moving average of $59.41 and a 200-day moving average of $60.09.

Black Hills Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Tuesday, February 18th were given a dividend of $0.676 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 annualized dividend and a dividend yield of 4.48%. Black Hills’s dividend payout ratio (DPR) is 68.88%.

Institutional Trading of Black Hills

Institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in Black Hills by 66.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 173 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Black Hills by 182.8% in the 4th quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 298 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Black Hills by 181.5% in the 4th quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 305 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Black Hills by 373.2% during the fourth 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. boosted its holdings in Black Hills by 83.3% during the fourth quarter. UMB Bank n.a. now owns 625 shares of the utilities provider’s stock worth $37,000 after buying an additional 284 shares in the last quarter. Institutional investors and hedge funds 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.