BKH
BLACK HILLS CORP /SD/
$73.50
+2.40%
$5.6B
No data for this timeframe.
Vol
Market Cap$5.6B
Cap SizeMid Cap
Analyst ConsensusStrong Buy (78%)
Inst. Holders50 funds
Inst. Value$3.8B
Inst. Activity19 buys / 7 sells
Insider Activity0B / 1S
Insider Net $-$305.0K
SEC Reports3
Press Releases2
Recent Activity
Jun 12, 2026
other
Black Hills Corp. Requests Rate Review in Colorado
<p>RAPID CITY, S.D., June 12, 2026 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announc
May 27, 2026
Insider
Otto Robert P sold 4,109 shares
Director @ $74.22 ($305.0K)
May 19, 2026
SEC
Black Hills Corporation filed a prospectus supplement for an at-the-market equity offering of up to $183.4 million of co
424B5 — Impact 5/10
May 19, 2026
SEC
Black Hills Corporation filed a universal shelf registration statement (S-3ASR) to register an indeterminate amount of s
S-3ASR — Impact 5/10
May 6, 2026
SEC
Black Hills Corp. reported Q1 2026 GAAP EPS of $1.73, missing consensus of $1.84 by 6%, and revenue of $780.7M, missing
8-K — Impact 7/10
May 1, 2026
Insider
Beard Robert F. was granted 1,921 shares
Director
May 1, 2026
Insider
Granger Barry M was granted 1,921 shares
Director
Inst.
ADAGE CAPITAL PARTNERS GP, — ADD
2,069,827 shares ($143.7M)
Price Targets
$83.40
+13.5% upside
Buy
Current $73.50
Low $78.00
Median $86.00
High $87.00
5 analysts
$78.00
$87.00
Analyst Ratings
3Strong Buy
4Buy
2Hold
0Sell
0Strong Sell
Recent Analyst Actions
| Date | Firm | Action | Rating |
|---|---|---|---|
| Jun 11, 2026 | B of A Securities | UPGRADE | Neutral → Buy |
| Apr 15, 2026 | BMO Capital | MAINTAIN | Outperform → Outperform |
| Apr 9, 2026 | B of A Securities | MAINTAIN | Neutral → Neutral |
| Apr 1, 2026 | Ladenburg Thalmann | INITIATE | Buy |
| Feb 9, 2026 | BMO Capital | MAINTAIN | Outperform → Outperform |
Earnings Estimates
| Period | EPS Est. | Range | Growth | # |
|---|---|---|---|---|
| Current Q | $0.41 ▼ -20.0% | $0.39 — $0.44 | 9% YoY | 3 |
| Next Q | $0.69 ▲ +3.5% | $0.43 — $0.95 | 53% YoY | 2 |
| Current FY | $4.34 | $4.31 — $4.35 | 6% YoY | 5 |
| Next FY | $4.61 | $4.56 — $4.69 | 6% YoY | 5 |
Latest Reports
BEARISH
424B5
5/10
Black Hills Corporation filed a prospectus supplement for an at-the-market equity offering of up to $183.4 million of co
May 19, 2026
MIXED
S-3ASR
5/10
Black Hills Corporation filed a universal shelf registration statement (S-3ASR) to register an indeterminate amount of s
May 19, 2026
NEUTRAL
Press
3/10
Black Hills Corporation declared a quarterly dividend of $0.68 per share, a 5.4% increase over the prior quarter, markin
Apr 28, 2026
Top Institutional Holders
| Fund | Value | Move |
|---|---|---|
| BlackRock, Inc. | $841.9M | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $349.8M | — |
| STATE STREET CORP | $251.3M | — |
| VANGUARD CAPITAL MANAGEMENT LLC | $233.9M | — |
| NOMURA ASSET MANAGEMENT INTERNATIONAL | $186.0M | — |
Recent Insider Trades
| Date | Insider | Type | Value |
|---|---|---|---|
| May 27, 2026 | Otto Robert | SELL | $305.0K |
| May 1, 2026 | Beard Robert | A | $0.00 |
| May 1, 2026 | Granger Barry | A | $0.00 |
| May 1, 2026 | Jensen Tony | A | $0.00 |
| May 1, 2026 | Otto Robert | A | $0.00 |
50 institutional holders with $3.8B total value (55,081,262 shares) as of 2026-Q1. Top holders: BlackRock,, VANGUARD, STATE. Net buying activity: 19 institutions added/increased vs 7 reduced.
Top Institutional Holders — 2026-Q1
| # | Fund | Shares | Value | % of Tracked | Last Move |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 12,129,658 | $841.9M | 22.0% | — |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 5,039,870 | $349.8M | 9.1% | — |
| 3 | STATE STREET CORP | 3,620,556 | $251.3M | 6.6% | — |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 3,369,588 | $233.9M | 6.1% | — |
| 5 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 2,679,192 | $186.0M | 4.9% | — |
| 6 | Capital Research Global Investors | 2,275,922 | $158.0M | 4.1% | ADD +38.7% |
| 7 | TWO SIGMA INVESTMENTS, LP | 2,216,003 | $153.8M | 4.0% | DOUBLED +123.9% |
| 8 | ADAGE CAPITAL PARTNERS GP, L.L.C. | 2,069,827 | $143.7M | 3.8% | ADD +30.0% |
| 9 | Point72 Asset Management, L.P. | 1,943,215 | $134.9M | 3.5% | DOUBLED +12698.4% |
| 10 | GOLDMAN SACHS GROUP INC | 1,584,525 | $110.0M | 2.9% | — |
| 11 | FRANKLIN RESOURCES INC | 1,576,371 | $109.4M | 2.9% | ADD +89.3% |
| 12 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1,216,351 | $84.4M | 2.2% | — |
| 13 | DIMENSIONAL FUND ADVISORS LP | 1,141,272 | $79.2M | 2.1% | — |
| 14 | Invesco Ltd. | 1,060,663 | $73.6M | 1.9% | ADD +74.0% |
| 15 | Nuveen, LLC | 973,246 | $67.6M | 1.8% | — |
| 16 | CITADEL ADVISORS LLC | 903,014 | $62.7M | 1.6% | — |
| 17 | BANK OF AMERICA CORP /DE/ | 899,963 | $62.5M | 1.6% | DOUBLED +109.2% |
| 18 | MORGAN STANLEY | 820,845 | $57.0M | 1.5% | ADD +44.8% |
| 19 | FULLER & THALER ASSET MANAGEMENT, INC. | 768,692 | $53.4M | 1.4% | TRIM -39.6% |
| 20 | FIRST TRUST ADVISORS LP | 705,051 | $48.9M | 1.3% | — |
Recent Position Changes
| Fund | Action | Prev Shares | Curr Shares | Change % | Value | Quarter |
|---|---|---|---|---|---|---|
| ADAGE CAPITAL PARTNERS GP, L.L.C. | ADD | 1,592,000 | 2,069,827 | +30.0% | $143.7M | 2026-Q1 |
| FRANKLIN RESOURCES INC | ADD | 832,727 | 1,576,371 | +89.3% | $109.4M | 2026-Q1 |
| Invesco Ltd. | ADD | 609,706 | 1,060,663 | +74.0% | $73.6M | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ | DOUBLED | 430,230 | 899,963 | +109.2% | $62.5M | 2026-Q1 |
| MORGAN STANLEY | ADD | 566,831 | 820,845 | +44.8% | $57.0M | 2026-Q1 |
| Pictet Asset Management Holding SA | DOUBLED | 11,020 | 593,543 | +5286.1% | $41.2M | 2026-Q1 |
| Freestone Grove Partners LP | ADD | 266,005 | 392,821 | +47.7% | $27.3M | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. | ADD | 159,341 | 281,439 | +76.6% | $19.5M | 2026-Q1 |
| VOYA INVESTMENT MANAGEMENT LLC | TRIM | 255,898 | 130,024 | -49.2% | $9.0M | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | DOUBLED | 32,591 | 114,185 | +250.4% | $7.9M | 2026-Q1 |
| Verition Fund Management LLC | TRIM | 251,435 | 99,259 | -60.5% | $6.9M | 2026-Q1 |
| Hudson Bay Capital Management LP | ADD | 40,638 | 73,901 | +81.9% | $5.1M | 2026-Q1 |
| MACKENZIE FINANCIAL CORP | ADD | 51,256 | 65,145 | +27.1% | $4.5M | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS | DOUBLED | 13,760 | 47,998 | +248.8% | $3.3M | 2026-Q1 |
| FIFTH THIRD BANCORP | DOUBLED | 762 | 32,284 | +4136.7% | $2.2M | 2026-Q1 |
| HSBC HOLDINGS PLC | DOUBLED | 7,268 | 31,687 | +336.0% | $2.2M | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. | DOUBLED | 7,636 | 16,881 | +121.1% | $1.2M | 2026-Q1 |
| Atria Investments, Inc | ADD | 8,770 | 16,384 | +86.8% | $1.1M | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT | DOUBLED | 19 | 14,559 | +76526.3% | $1.0M | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC | TRIM | 23,277 | 13,222 | -43.2% | $917.7K | 2026-Q1 |
| Horizon Investments, LLC | TRIM | 34,523 | 11,355 | -67.1% | $788.2K | 2026-Q1 |
| Brevan Howard Capital Management LP | TRIM | 15,509 | 8,760 | -43.5% | $608.0K | 2026-Q1 |
| FEDERATED HERMES, INC. | NEAR_EXIT | 74,333 | 7,736 | -89.6% | $537.0K | 2026-Q1 |
| Swiss Life Asset Management Ltd | ADD | 6,059 | 7,595 | +25.4% | $527.2K | 2026-Q1 |
| Rockefeller Capital Management L.P. | ADD | 3,089 | 5,338 | +72.8% | $370.5K | 2026-Q1 |
15 unique insiders with 29 transactions. Net insider value: -$305.0K ($0.00 bought, $305.0K sold).
Insider Transactions
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| May 27, 2026 | Otto Robert P | Director | SELL | 4,109 | $74.22 | $305.0K |
| May 1, 2026 | Beard Robert F. | Director | AWARD | 1,921 | — | — |
| May 1, 2026 | Granger Barry M | Director | AWARD | 1,921 | — | — |
| May 1, 2026 | Jensen Tony A | Director | AWARD | 1,921 | — | — |
| May 1, 2026 | Otto Robert P | Director | AWARD | 1,921 | — | — |
| May 1, 2026 | Taylor Teresa | Director | AWARD | 1,921 | — | — |
| May 1, 2026 | Waleski Anne G | Director | AWARD | 1,921 | — | — |
| May 1, 2026 | McAllister Kathleen S | Director | AWARD | 1,921 | — | — |
| May 1, 2026 | MILLS STEVEN RICHARD | Director | AWARD | 1,921 | — | — |
| May 1, 2026 | Prochazka Scott M | Director | AWARD | 1,921 | — | — |
| Feb 12, 2026 | Jones Marne M | SVP - Utilities | AWARD | 835 | $73.21 | $61.1K |
| Feb 12, 2026 | Jones Marne M | SVP - Utilities | TAX W/H | 334.337 | $73.21 | $24.5K |
| Feb 12, 2026 | Evans Linden R | President and CEO | TAX W/H | 3,555.666 | $73.21 | $260.3K |
| Feb 12, 2026 | Nooney Kimberly F | SVP & CFO | AWARD | 2,006 | $73.21 | $146.9K |
| Feb 12, 2026 | Nooney Kimberly F | SVP & CFO | TAX W/H | 805.815 | $73.21 | $59.0K |
| Feb 12, 2026 | Evans Linden R | President and CEO | AWARD | 9,036 | $73.21 | $661.5K |
| Feb 9, 2026 | Jones Marne M | SVP - Utilities | TAX W/H | 104.368 | $71.48 | $7.5K |
| Feb 9, 2026 | Nooney Kimberly F | SVP & CFO | TAX W/H | 250.246 | $71.48 | $17.9K |
| Feb 9, 2026 | Evans Linden R | President and CEO | TAX W/H | 1,077.801 | $71.48 | $77.0K |
| Feb 7, 2026 | Jones Marne M | SVP - Utilities | TAX W/H | 1,417.774 | $72.30 | $102.5K |
| Feb 7, 2026 | Wiltse Sarah | SVP and CHRO | TAX W/H | 201.027 | $72.30 | $14.5K |
| Feb 7, 2026 | Nooney Kimberly F | SVP & CFO | TAX W/H | 1,805.117 | $72.30 | $130.5K |
| Feb 7, 2026 | Evans Linden R | President and CEO | TAX W/H | 1,624.735 | $72.30 | $117.5K |
| Feb 6, 2026 | Jones Marne M | SVP - Utilities | AWARD | 4,106 | — | — |
| Feb 6, 2026 | Redden Donald Lee JR | CITO | AWARD | 1,642 | — | — |
| Feb 6, 2026 | Nakata Darren T. | Chief Legal Officer | AWARD | 2,874 | — | — |
| Feb 6, 2026 | Wiltse Sarah | SVP and CHRO | AWARD | 2,327 | — | — |
| Feb 6, 2026 | Nooney Kimberly F | SVP & CFO | AWARD | 4,654 | — | — |
| Feb 6, 2026 | Evans Linden R | President and CEO | AWARD | 17,793 | — | — |
3 SEC filing reports analyzed. Sentiment: 0 bullish, 2 bearish, 1 mixed, 0 neutral. Avg impact: 5.7/10.
BEARISH
424B5
5/10
Black Hills Corporation filed a prospectus supplement for an at-the-market equity offering of up to
May 19, 2026
MIXED
S-3ASR
5/10
Black Hills Corporation filed a universal shelf registration statement (S-3ASR) to register an indet
May 19, 2026
BEARISH
8-K
7/10
Black Hills Corp. reported Q1 2026 GAAP EPS of $1.73, missing consensus of $1.84 by 6%, and revenue
May 6, 2026
Current analyst consensus: Buy (78% buy). Based on 9 analysts: 3 strong buy, 4 buy, 2 hold, 0 sell, 0 strong sell.
Analyst Price Targets
$83.40 mean target
+13.5% upside
Buy (1.20)
$78.00 Low
$87.00 High
| Metric | Value |
|---|---|
| Current Price | $73.50 |
| Target Low | $78.00 |
| Target Mean | $83.40 |
| Target Median | $86.00 |
| Target High | $87.00 |
| # Analysts | 5 |
| Recommendation | Buy (1.20) |
Earnings Estimates & Revisions
| Period | EPS Avg | EPS Low | EPS High | EPS Growth | 30d Rev. | Up/Down | Rev. Avg | Rev. Growth | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| Current Q 2026-06-30 |
$0.41 | $0.39 | $0.44 | 8.8% | -20.0% | 1↑ 0↓ | $0.5B | 26.9% | 3 |
| Next Q 2026-09-30 |
$0.69 | $0.43 | $0.95 | 53.3% | +3.5% | 0↑ 1↓ | $0.0B | — | 2 |
| Current FY 2026-12-31 |
$4.34 | $4.31 | $4.35 | 5.8% | — | 0↑ 2↓ | $2.5B | 10.2% | 5 |
| Next FY 2027-12-31 |
$4.61 | $4.56 | $4.69 | 6.3% | — | 0↑ 2↓ | $3.2B | 26.4% | 5 |
Current Quarter EPS Revision History
| Timepoint | EPS Estimate | Change |
|---|---|---|
| Current | $0.413 | |
| 7d ago | $0.517 | -0.103 |
| 30d ago | $0.517 | -0.103 |
| 60d ago | $0.510 | -0.097 |
| 90d ago | $0.510 | -0.097 |
3 analyst firms have rated this stock: 1 upgrades, 0 downgrades, 1 initiations.
Individual Analyst Actions
| Date | Analyst Firm | Action | Previous Rating | New Rating |
|---|---|---|---|---|
| Jun 11, 2026 | B of A Securities | UPGRADE | Neutral | Buy |
| Apr 15, 2026 | BMO Capital | MAINTAIN | Outperform | Outperform |
| Apr 9, 2026 | B of A Securities | MAINTAIN | Neutral | Neutral |
| Apr 1, 2026 | Ladenburg Thalmann | INITIATE | — | Buy |
| Feb 9, 2026 | BMO Capital | MAINTAIN | Outperform | Outperform |
| Jan 27, 2026 | BMO Capital | MAINTAIN | Outperform | Outperform |
Monthly Consensus History
| Period | Strong Buy | Buy | Hold | Sell | Strong Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Jun 1, 2026 | 3 | 4 | 2 | 0 | 0 | 78% | |
| May 1, 2026 | 3 | 4 | 2 | 0 | 0 | 78% | |
| Apr 1, 2026 | 2 | 4 | 2 | 0 | 0 | 75% | |
| Mar 1, 2026 | 1 | 4 | 3 | 0 | 0 | 63% | |
| Feb 1, 2026 | 2 | 4 | 2 | 0 | 0 | 75% | |
| Jan 1, 2026 | 2 | 4 | 2 | 0 | 0 | 75% |
Strong BuyBuyHoldSellStrong Sell
No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.
Recent Reddit Threads
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⚡ 0.5
Jun 12, 2026
other
Black Hills Corp. Requests Rate Review in Colorado
<p>RAPID CITY, S.D., June 12, 2026 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its Colorado electric utility has filed a
Jun 10, 2026
other
Black Hills Corp. Provides an Update on 1.8-Gigawatt Project in Cheyenne
Continues to advance the project and is working directly with the hyperscaler customer <pre>Continues to advance the project and is working directly w
Jun 8, 2026
short_volume
Short Volume: BKH — 63.4% short (0.4M / 0.6M)
Short: 395,654 | Exempt: 31 | TRF Vol: 624,000 | Short Ratio: 63.4% | Off-exchange volume (dark pool + OTC)
May 15, 2026
short_volume
Short Volume: BKH — 65.8% short (0.4M / 0.6M)
Short: 397,095 | Exempt: 20 | TRF Vol: 603,677 | Short Ratio: 65.8% | Off-exchange volume (dark pool + OTC)
May 7, 2026
short_volume
Short Volume: BKH — 70.3% short (0.4M / 0.5M)
Short: 373,319 | Exempt: 5 | TRF Vol: 530,827 | Short Ratio: 70.3% | Off-exchange volume (dark pool + OTC)
May 6, 2026
earnings
Black Hills Corp. Reaffirms 2026 Earnings Guidance, Reports 2026 First-Quarter Results, and Provides Updates on Merger with NorthWestern Energy and Data Center Progress
<p>RAPID CITY, S.D., May 06, 2026 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced financial results for the first quarter ended Ma
May 6, 2026
earnings_calendar
BKH Q1 2026 Earnings After Market Close — 2026-05-06
May 6, 2026
short_volume
Short Volume: BKH — 56.3% short (0.3M / 0.5M)
Short: 291,379 | Exempt: 0 | TRF Vol: 517,355 | Short Ratio: 56.3% | Off-exchange volume (dark pool + OTC)
Apr 28, 2026
dividend
Black Hills Corp. Announces Quarterly Dividend
First-quarter 2026 earnings call and webcast are Thursday, May 7 <pre>First-quarter 2026 earnings call and webcast are Thursday, May 7</pre>
Apr 15, 2026
short_volume
Short Volume: BKH — 69.5% short (0.6M / 0.8M)
Short: 581,010 | Exempt: 764 | TRF Vol: 835,406 | Short Ratio: 69.5% | Off-exchange volume (dark pool + OTC)
Apr 14, 2026
short_volume
Short Volume: BKH — 68.0% short (0.8M / 1.2M)
Short: 783,817 | Exempt: 0 | TRF Vol: 1,152,383 | Short Ratio: 68.0% | Off-exchange volume (dark pool + OTC)
Apr 9, 2026
earnings
Black Hills Corp. Schedules 2026 First-Quarter Earnings Release and Conference Call
<p align="left">RAPID CITY, S.D., April 09, 2026 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) will announce its 2026 first-quarter earnings aft
Apr 7, 2026
short_volume
Short Volume: BKH — 56.0% short (0.5M / 0.8M)
Short: 470,835 | Exempt: 50 | TRF Vol: 840,353 | Short Ratio: 56.0% | Off-exchange volume (dark pool + OTC)
Apr 2, 2026
m_and_a
Black Hills Corp. and NorthWestern Energy Shareholders Approve Merger Proposals
<p>RAPID CITY, S.D. and BUTTE, Mont. and SIOUX FALLS, S.D., April 02, 2026 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) and NorthWestern Energy