Scotiabank Has Negative View of Black Hills FY2025 Earnings

Black Hills Co. (NYSE:BKH) – Analysts at Scotiabank decreased their FY2025 earnings estimates for shares of Black Hills in a report 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 (NYSE:BKH) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (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 2.1 %

Shares of Black Hills stock opened at $59.15 on Friday. The company has a fifty day simple moving average of $59.48 and a 200-day simple moving average of $60.09. Black Hills has a 12-month low of $50.73 and a 12-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 stock has a market cap of $4.26 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 2.75 and a beta of 0.68.

Black Hills Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.70 dividend on an annualized basis and a yield of 4.57%. This is a boost from Black Hills’s previous quarterly dividend of $0.65. Black Hills’s dividend payout ratio is currently 68.88%.

Institutional Trading of Black Hills

A number of large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in Black Hills by 22.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,831 shares of the utilities provider’s stock worth $400,000 after purchasing an additional 1,262 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Black Hills during the 4th quarter worth $96,000. Sunbelt Securities Inc. boosted its stake in Black Hills by 179.4% during the 4th quarter. Sunbelt Securities Inc. now owns 1,696 shares of the utilities provider’s stock worth $99,000 after purchasing an additional 1,089 shares during the period. CSS LLC IL boosted its stake in Black Hills by 15.4% during the 4th quarter. CSS LLC IL now owns 10,808 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 1,439 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Black Hills by 2.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,341 shares of the utilities provider’s stock worth $7,452,000 after purchasing an additional 2,504 shares during the period. 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.