BK
BKH
BLACK HILLS CORP /SD/
$73.84
+0.75%
$5.6B
No data for this timeframe.
Vol
Market Cap$5.6B
Cap SizeMid Cap
Analyst ConsensusStrong Buy (78%)
Inst. Holders7 funds
Inst. Value$866.5M
Inst. Activity2 buys / 2 sells
SEC Reports3
Press Releases2
Recent Activity
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 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
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. sold 1,921 shares
Director @ $0.00 ($0.00)
May 1, 2026
Insider
Granger Barry M sold 1,921 shares
Director @ $0.00 ($0.00)
May 1, 2026
Insider
Jensen Tony A sold 1,921 shares
Director @ $0.00 ($0.00)
Inst.
TWO SIGMA INVESTMENTS, LP — DOUBLED
1,176,944 shares ($81.7M)
Price Targets
$83.00
+12.4% upside
Buy
Current $73.84
Low $76.00
Median $86.00
High $87.00
5 analysts
$76.00
$87.00
Analyst Ratings
3Strong Buy
4Buy
2Hold
0Sell
0Strong Sell
Recent Analyst Actions
| Date | Firm | Action | Rating |
|---|---|---|---|
| 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 |
Earnings Estimates
| Period | EPS Est. | Range | Growth | # |
|---|---|---|---|---|
| Current Q | $0.57 ▲ +11.8% | $0.39 — $0.75 | 50% YoY | 2 |
| Next Q | $0.69 ▲ +3.5% | $0.43 — $0.95 | 53% YoY | 2 |
| Current FY | $4.34 ▼ -0.5% | $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 |
|---|---|---|
| VANGUARD GROUP INC | $623.0M | — |
| CHARLES SCHWAB INVESTMENT MANAGEMENT | $82.7M | NEW |
| TWO SIGMA INVESTMENTS, LP | $81.7M | DOUBLED |
| MORGAN STANLEY | $39.3M | — |
| BANK OF AMERICA CORP | $29.9M | — |
Recent Insider Trades
| Date | Insider | Type | Value |
|---|---|---|---|
| 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 |
| May 1, 2026 | Taylor Teresa | A | $0.00 |
7 institutional holders with $866.5M total value (12,482,364 shares) as of 2025-Q4. Top holders: VANGUARD, CHARLES, TWO.
Top Institutional Holders — 2025-Q4
| # | Fund | Shares | Value | % of Tracked | Last Move |
|---|---|---|---|---|---|
| 1 | VANGUARD GROUP INC | 8,974,122 | $623.0M | 71.9% | — |
| 2 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1,191,648 | $82.7M | 9.5% | NEW |
| 3 | TWO SIGMA INVESTMENTS, LP | 1,176,944 | $81.7M | 9.4% | DOUBLED +123.9% |
| 4 | MORGAN STANLEY | 566,831 | $39.3M | 4.5% | — |
| 5 | BANK OF AMERICA CORP /DE/ | 430,230 | $29.9M | 3.4% | — |
| 6 | WELLS FARGO & COMPANY/MN | 119,845 | $8.3M | 1.0% | ADD +27.5% |
| 7 | FMR LLC | 22,744 | $1.6M | 0.2% | NEAR_EXIT -84.7% |
Recent Position Changes
| Fund | Action | Prev Shares | Curr Shares | Change % | Value | Quarter |
|---|---|---|---|---|---|---|
| TWO SIGMA INVESTMENTS, LP | DOUBLED | 525,653 | 1,176,944 | +123.9% | $81.7M | 2025-Q4 |
| WELLS FARGO & COMPANY/MN | ADD | 94,026 | 119,845 | +27.5% | $8.3M | 2025-Q4 |
| FMR LLC | NEAR_EXIT | 148,327 | 22,744 | -84.7% | $1.6M | 2025-Q4 |
| RENAISSANCE TECHNOLOGIES LLC | EXIT | 232,500 | 0 | -100.0% | $0.00 | 2025-Q4 |
| TWO SIGMA INVESTMENTS, LP | DOUBLED | 163,902 | 525,653 | +220.7% | $32.4M | 2025-Q3 |
| RENAISSANCE TECHNOLOGIES LLC | ADD | 172,100 | 232,500 | +35.1% | $14.3M | 2025-Q3 |
| UBS Group AG | TRIM | 408,628 | 270,303 | -33.9% | $15.2M | 2025-Q2 |
| RENAISSANCE TECHNOLOGIES LLC | DOUBLED | 58,800 | 172,100 | +192.7% | $9.7M | 2025-Q2 |
| FMR LLC | DOUBLED | 25,212 | 147,574 | +485.3% | $8.3M | 2025-Q2 |
| WELLS FARGO & COMPANY/MN | ADD | 52,548 | 86,770 | +65.1% | $4.9M | 2025-Q2 |
| UBS Group AG | ADD | 312,098 | 408,628 | +30.9% | $24.8M | 2025-Q1 |
| TWO SIGMA INVESTMENTS, LP | DOUBLED | 21,889 | 151,551 | +592.4% | $9.2M | 2025-Q1 |
| CITADEL ADVISORS LLC | ADD | 43,090 | 78,922 | +83.2% | $4.8M | 2025-Q1 |
| RENAISSANCE TECHNOLOGIES LLC | NEW | — | 58,800 | — | $3.6M | 2025-Q1 |
| FMR LLC | TRIM | 38,645 | 25,212 | -34.8% | $1.5M | 2025-Q1 |
| UBS Group AG | ADD | 161,548 | 312,098 | +93.2% | $18.3M | 2024-Q4 |
| CITADEL ADVISORS LLC | TRIM | 63,620 | 43,090 | -32.3% | $2.5M | 2024-Q4 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | NEW | — | 1,186,284 | — | $72.5M | 2024-Q3 |
15 unique insiders with 0 transactions. Net insider value: $0.00 ($0.00 bought, $0.00 sold).
Insider Transactions
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| May 1, 2026 | Beard Robert F. | Director | A | 1,921 | $0.00 | $0.00 |
| May 1, 2026 | Granger Barry M | Director | A | 1,921 | $0.00 | $0.00 |
| May 1, 2026 | Jensen Tony A | Director | A | 1,921 | $0.00 | $0.00 |
| May 1, 2026 | Otto Robert P | Director | A | 1,921 | $0.00 | $0.00 |
| May 1, 2026 | Taylor Teresa | Director | A | 1,921 | $0.00 | $0.00 |
| May 1, 2026 | Waleski Anne G | Director | A | 1,921 | $0.00 | $0.00 |
| May 1, 2026 | McAllister Kathleen S | Director | A | 1,921 | $0.00 | $0.00 |
| May 1, 2026 | MILLS STEVEN RICHARD | Director | A | 1,921 | $0.00 | $0.00 |
| May 1, 2026 | Prochazka Scott M | Director | A | 1,921 | $0.00 | $0.00 |
| Feb 12, 2026 | Jones Marne M | SVP - Utilities | A | 835 | $73.21 | $61.1K |
| Feb 12, 2026 | Jones Marne M | SVP - Utilities | F | 334.337 | $73.21 | $24.5K |
| Feb 12, 2026 | Evans Linden R | President and CEO | F | 3,555.666 | $73.21 | $260.3K |
| Feb 12, 2026 | Nooney Kimberly F | SVP & CFO | A | 2,006 | $73.21 | $146.9K |
| Feb 12, 2026 | Nooney Kimberly F | SVP & CFO | F | 805.815 | $73.21 | $59.0K |
| Feb 12, 2026 | Evans Linden R | President and CEO | A | 9,036 | $73.21 | $661.5K |
| Feb 9, 2026 | Jones Marne M | SVP - Utilities | F | 104.368 | $71.48 | $7.5K |
| Feb 9, 2026 | Nooney Kimberly F | SVP & CFO | F | 250.246 | $71.48 | $17.9K |
| Feb 9, 2026 | Evans Linden R | President and CEO | F | 1,077.801 | $71.48 | $77.0K |
| Feb 7, 2026 | Jones Marne M | SVP - Utilities | F | 1,417.774 | $72.30 | $102.5K |
| Feb 7, 2026 | Wiltse Sarah | SVP and CHRO | F | 201.027 | $72.30 | $14.5K |
| Feb 7, 2026 | Nooney Kimberly F | SVP & CFO | F | 1,805.117 | $72.30 | $130.5K |
| Feb 7, 2026 | Evans Linden R | President and CEO | F | 1,624.735 | $72.30 | $117.5K |
| Feb 6, 2026 | Jones Marne M | SVP - Utilities | A | 4,106 | $0.00 | $0.00 |
| Feb 6, 2026 | Redden Donald Lee JR | CITO | A | 1,642 | $0.00 | $0.00 |
| Feb 6, 2026 | Nakata Darren T. | Chief Legal Officer | A | 2,874 | $0.00 | $0.00 |
| Feb 6, 2026 | Wiltse Sarah | SVP and CHRO | A | 2,327 | $0.00 | $0.00 |
| Feb 6, 2026 | Nooney Kimberly F | SVP & CFO | A | 4,654 | $0.00 | $0.00 |
| Feb 6, 2026 | Evans Linden R | President and CEO | A | 17,793 | $0.00 | $0.00 |
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
$83.00 mean target
+12.4% upside
Buy (1.60)
$76.00 Low
$87.00 High
| Metric | Value |
|---|---|
| Current Price | $73.84 |
| Target Low | $76.00 |
| Target Mean | $83.00 |
| Target Median | $86.00 |
| Target High | $87.00 |
| # Analysts | 5 |
| Recommendation | Buy (1.60) |
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 |
$0.57 | $0.39 | $0.75 | 50.0% | +11.8% | 1↑ 0↓ | $0.0B | — | 2 |
| 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% | -0.5% | 0↑ 2↓ | $2.5B | 8.2% | 5 |
| Next FY 2027-12-31 |
$4.61 | $4.56 | $4.69 | 6.3% | -0.3% | 0↑ 2↓ | $3.2B | 28.8% | 5 |
Current Quarter EPS Revision History
| Timepoint | EPS Estimate | Change |
|---|---|---|
| Current | $0.570 | |
| 7d ago | $0.513 | +0.057 |
| 30d ago | $0.510 | +0.060 |
| 60d ago | $0.513 | +0.057 |
| 90d ago | $0.513 | +0.057 |
3 analyst firms have rated this stock: 0 upgrades, 0 downgrades, 1 initiations.
Individual Analyst Actions
| Date | Analyst Firm | Action | Previous Rating | New Rating |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| 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.
No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.
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