Black Hills (NYSE:BKH) Issues Earnings Results

Black Hills (NYSE:BKH) announced its quarterly earnings data on Wednesday. The utilities provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.17, Zacks reports. Black Hills had a return on equity of 7.43% and a net margin of 12.00%. Black Hills updated its FY 2025 guidance to 4.000-4.200 EPS.

Black Hills Stock Performance

BKH traded down $0.11 on Friday, reaching $59.79. 66,494 shares of the stock were exchanged, compared to its average volume of 467,200. The firm has a market capitalization of $4.28 billion, a PE ratio of 16.01, a PEG ratio of 4.21 and a beta of 0.73. Black Hills has a fifty-two week low of $49.50 and a fifty-two week high of $65.59. The company’s 50-day moving average price is $59.12 and its 200 day moving average price is $59.65. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.12 and a quick ratio of 0.83.

Black Hills Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, February 18th will be issued a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a yield of 4.52%. This is an increase from Black Hills’s previous quarterly dividend of $0.65. The ex-dividend date is Tuesday, February 18th. Black Hills’s dividend payout ratio is presently 69.89%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank boosted their target price on Black Hills from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $61.25.

About Black Hills

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.