Scotiabank Has Negative View of Black Hills FY2025 Earnings

Black Hills Co. (NYSE:BKH) – Investment analysts at Scotiabank reduced their FY2025 earnings estimates for shares of Black Hills in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst A. Weisel now expects that the utilities provider will post earnings of $4.12 per share for the year, down from their prior 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 Price Performance

Shares of BKH opened at $59.15 on Friday. Black Hills has a fifty-two week low of $50.73 and a fifty-two week high of $65.59. The firm’s 50 day moving average price is $59.48 and its 200 day moving average price is $60.09. The company 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 company has a quick ratio of 0.77, a current ratio of 0.97 and a debt-to-equity ratio of 1.19.

Black Hills (NYSE:BKH) last announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping 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%.

Institutional Investors Weigh In On Black Hills

Several large investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its holdings in Black Hills by 66.8% during the 4th 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 holdings in Black Hills by 182.8% during the 4th quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 298 shares in the last quarter. Versant Capital Management Inc grew its holdings in Black Hills by 181.5% during the 4th quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 305 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Black Hills by 373.2% during the 4th quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 418 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Black Hills by 83.3% during the 4th quarter. UMB Bank n.a. now owns 625 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 284 shares in the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

Black Hills Increases Dividend

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

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.