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BKH 
Black Hills Corporation (BKH)
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Upturn Advisory Summary
11/28/2025: BKH (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $75
1 Year Target Price $75
| 1 | Strong Buy |
| 1 | Buy |
| 3 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -6.4% | Avg. Invested days 35 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/28/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.57B USD | Price to earnings Ratio 18.63 | 1Y Target Price 75 |
Price to earnings Ratio 18.63 | 1Y Target Price 75 | ||
Volume (30-day avg) 6 | Beta 0.75 | 52 Weeks Range 52.65 - 74.02 | Updated Date 11/29/2025 |
52 Weeks Range 52.65 - 74.02 | Updated Date 11/29/2025 | ||
Dividends yield (FY) 3.70% | Basic EPS (TTM) 3.96 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-11-05 | When After Market | Estimate 0.46 | Actual 0.45 |
Profitability
Profit Margin 12.53% | Operating Margin (TTM) 18.29% |
Management Effectiveness
Return on Assets (TTM) 3.28% | Return on Equity (TTM) 7.92% |
Valuation
Trailing PE 18.63 | Forward PE 16.84 | Enterprise Value 9926881448 | Price to Sales(TTM) 2.45 |
Enterprise Value 9926881448 | Price to Sales(TTM) 2.45 | ||
Enterprise Value to Revenue 4.37 | Enterprise Value to EBITDA 12.21 | Shares Outstanding 75473390 | Shares Floating 75102061 |
Shares Outstanding 75473390 | Shares Floating 75102061 | ||
Percent Insiders 0.49 | Percent Institutions 91.05 |
Upturn AI SWOT
Black Hills Corporation
Company Overview
History and Background
Black Hills Corporation was founded in 1941 in Deadwood, South Dakota. Initially focused on electricity generation, it has grown through acquisitions and expansions to become a diversified energy company.
Core Business Areas
- Electric Utilities: Generates and distributes electricity to approximately 543,000 customers in South Dakota, Wyoming, Colorado, and Montana.
- Gas Utilities: Distributes natural gas to approximately 333,000 customers in South Dakota, Nebraska, Wyoming, Colorado, and Iowa.
- Power Generation: Owns and operates power plants to supply electricity to its utility customers and for sale in the wholesale market.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other key executives. The organizational structure is hierarchical, with distinct divisions for electric utilities, gas utilities, and power generation.
Top Products and Market Share
Key Offerings
- Electricity Distribution: Distribution of electricity to residential, commercial, and industrial customers in the designated service territories. Market share varies by region; Black Hills Corp. is a major player in its service areas. Competitors include Xcel Energy and Northwestern Energy.
- Natural Gas Distribution: Distribution of natural gas to residential, commercial, and industrial customers. Again, market share depends on the region. Competitors include Atmos Energy and ONE Gas.
- Wholesale Power: Generation and sale of electricity in the wholesale market. Competitors include independent power producers (IPPs) and other utilities.
Market Dynamics
Industry Overview
The utility industry is characterized by high capital intensity, regulation, and stable demand. There is a growing emphasis on renewable energy and grid modernization.
Positioning
Black Hills Corporation is a regional utility company with a strong presence in the Western and Midwestern United States. Its competitive advantages include a diversified business mix and a strong operational track record.
Total Addressable Market (TAM)
The TAM for electricity and natural gas utilities in the US is estimated to be in the hundreds of billions of dollars annually. Black Hills Corporation has a small percentage of this TAM, focusing on specific regions.
Upturn SWOT Analysis
Strengths
- Diversified business mix (electric and gas)
- Strong operational track record
- Established presence in its service territories
- Regulated utility business provides stable cash flows
- Investments in renewable energy
Weaknesses
- Dependence on regulatory approvals
- Exposure to commodity price fluctuations
- Limited geographic diversification
- Capital intensive business
Opportunities
- Investments in renewable energy projects
- Expansion of service territories through acquisitions
- Grid modernization investments
- Increased demand for electricity and natural gas
Threats
- Changes in regulatory environment
- Increased competition from renewable energy providers
- Economic downturns impacting demand
- Fluctuations in commodity prices
Competitors and Market Share
Key Competitors
- Xcel Energy (XEL)
- Northwestern Energy (NWE)
- Atmos Energy (ATO)
- ONE Gas (OGS)
Competitive Landscape
Black Hills Corporation competes effectively with larger utility companies in its service territories, emphasizing reliability and customer service. Their competitive advantages include regional focus, community ties and strong regulatory relationships.
Major Acquisitions
SourceGas Holdings LLC
- Year: 2016
- Acquisition Price (USD millions): 1800
- Strategic Rationale: Expanded natural gas operations and customer base.
Growth Trajectory and Initiatives
Historical Growth: Black Hills Corporation has experienced steady growth through organic expansion and acquisitions.
Future Projections: Analysts expect continued growth, driven by investments in renewable energy and infrastructure upgrades.
Recent Initiatives: Recent initiatives include investments in renewable energy projects and grid modernization programs.
Summary
Black Hills Corporation is a financially stable regional utility with a diversified business mix. Its regulated utility operations provide stable cash flows, but it faces challenges related to regulatory approvals and commodity price volatility. Growth prospects are driven by investments in renewable energy and infrastructure upgrades. Black Hills Corporation needs to diversify to provide more shareholder value in the future.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Market research reports
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Market share estimates are approximate and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Black Hills Corporation
Exchange NYSE | Headquaters Rapid City, SD, United States | ||
IPO Launch date 1984-09-07 | President, CEO & Director Mr. Linden R. Evans J.D. | ||
Sector Utilities | Industry Utilities - Regulated Gas | Full time employees 2841 | Website https://www.blackhillscorp.com |
Full time employees 2841 | Website https://www.blackhillscorp.com | ||
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 225,000 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. The Gas Utilities segment distributes natural gas to approximately 1,128,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; owns and operates 4,648 miles of intrastate gas transmission pipelines; 44,524 miles of gas distribution mains and service lines; seven natural gas storage sites; and approximately 50,000 horsepower of compression and 516 miles of gathering lines. It also constructs and maintains customer owned gas infrastructure facilities for gas transportation customers; and provides appliance repair services to residential utility customers, as well as electrical system construction services to large industrial customers. In addition, the company produces electric power through wind, natural gas, and coal-fired generating plants; and coal at its coal mine located near Gillette, Wyoming. Black Hills Corporation was incorporated in 1941 and is headquartered in Rapid City, South Dakota.
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