Black Hills Corporation

Valuation Analysis

About the Company

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates through the Electric Utilities and Gas Utilities segments. The Electric Utilities segment engages in the generation, transmission, and distribution of electricity to electric utility customers in Colorado, Montana, South Dakota, and Wyoming; ownership and operation of 1,386 megawatts of generation capacity, and 9,478 miles of electric transmission and distribution lines; sale of excess power to other utilities and marketing companies; and ownership and operation of non-regulated power generation and mining assets. Its Gas Utilities segment is involved in the distribution of natural gas to approximately 1,138,000 natural gas utility customers

Black Hills Corporation Stock at a Glance

Black Hills Corporation (BKH) is currently trading at $73.50 with a market capitalization of $5.6B. The trailing P/E ratio stands at 19.14x, with a forward P/E of 15.94x. The 52-week range spans from $55.49 to $78.69; the current price is 6.6% below the yearly high. Year-over-year revenue growth stands at -3.0%. The net profit margin stands at 12.61%.

💰 Dividend

Black Hills Corporation pays an annual dividend of $2.81 per share, representing a yield of 3.82%. The payout ratio stands at 71.12%.

📊 Analyst Rating

5 analysts rate Black Hills Corporation (BKH) on consensus: Strong Buy. The average price target is $83.40, implying +13.47% from the current price. Analyst price targets range from $78.00 to $87.00.

Black Hills Corporation: The Investment Case in Detail

Black Hills Corporation (BKH) operates in the Utilities — specifically Utilities - Regulated Gas — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bear Case

Revenue is contracting at -3% year-over-year — until that trend reverses, valuation is exposed to further downgrades. Short interest sits at 14.71% of float — a meaningful contingent of professionals is positioned for the share to fall, which deserves attention even if their thesis may turn out to be wrong.

What to Watch Next

• The forward P/E of 15.94x is meaningfully below the trailing 19.14x — analysts expect earnings to step up; the next earnings release is the test.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price shows short-term weakness (below 50d MA) but is still in a longer-term uptrend (above 200d MA).

Risk Profile

The data points to relatively defensive market behavior, elevated short interest (14.71%), higher leverage relative to equity.

Trading Data

💵 Dividend Info

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