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Black Hills Corporation(BKH)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for BKH
09/15/2026: BKH (1-star) is a SELL. SELL for 2 days. Simulated Profits (-5.95%). Updated daily EoD!
Black Hills Corporation is a US-listed regulated electric and natural gas utility serving customers across the Central and Western United States. The company is known for its stable, infrastructure-driven business model, which has historically supported consistent dividend growth for income-oriented investors. Its primary investment story centers on capital-intensive modernization of its grid and a strategic transition toward renewable energy sources. However, the company faces risks from regulatory scrutiny, interest rate volatility, and the execution of large-scale infrastructure projects. Investors should monitor the outcomes of future rate cases and the company's ability to balance capital investments with maintaining its dividend policy.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | Utility stocks typically offer lower growth rates compared to tech or industrial sectors. |
| Momentum investor | Weak fit | Utility stocks generally exhibit low beta and stable, slow-moving price patterns. |
| Value investor | Mixed fit | The valuation depends on regulatory environments and interest rate impacts on utility cost of capital. |
| Dividend investor | Strong fit | The company has a consistent track record of dividend payments and increases. |
| Low-risk investor | Strong fit | Regulated utilities are typically characterized by lower volatility and stable cash flows. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Low | As a regulated utility, the stock price generally exhibits lower sensitivity to market swings. |
| Valuation risk | Medium | Utility valuations are sensitive to interest rate changes that affect discount rates and financing costs. |
| Competition risk (Regulatory) | Medium | Returns are capped by public utility commissions, limiting upside but providing stability. |
| Business quality | Strong | The company provides essential services with predictable long-term demand. |
| Dividend income | Strong | Dividends are a core component of the total return proposition for shareholders. |
| Execution risk | Medium | Successful capital deployment for infrastructure depends on regulatory and operational proficiency. |
Price Behavior
Steady Uptrend
The stock demonstrates consistent and steady upward price momentum.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit -18.51% | Avg. Invested days 44 | Today’s Advisory SELL |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/15/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.38B USD | Price to earnings Ratio 17.79 | 1Y Target Price 84.6 |
Price to earnings Ratio 17.79 | 1Y Target Price 84.6 | ||
Volume (30-day avg) 814.3K shares | Beta 0.69 | 52 Weeks Range 55.92 - 77.21 | Updated Date 09/14/2026 |
52 Weeks Range 55.92 - 77.21 | Updated Date 09/14/2026 | ||
Dividends yield (FY) 3.87% | Basic EPS (TTM) 3.97 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Electric Utilities | Generation, transmission, and distribution of electricity. | Steady income derived from essential power services. |
| Gas Utilities | Distribution and delivery of natural gas. | Stable revenue tied to heating demand. |
| Power Generation | Wholesale non-regulated energy sales. | Supplemental income from power plant operations. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 17.79 | Forward PE 15.2 | Enterprise Value 9.86B | Price to Sales(TTM) 2.34 |
Enterprise Value 9.86B | Price to Sales(TTM) 2.34 | ||
Enterprise Value to Revenue 4.29 | Enterprise Value to EBITDA 11.49 | Shares Outstanding 76.25M | Shares Floating 75.88M |
Shares Outstanding 76.25M | Shares Floating 75.88M | ||
Percent Insiders 0.48 | Percent Institutions 104.37 |
Upturn AI Summary
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.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Black Hills Corporation
Exchange NYSE | Headquarters 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 2795 | Website https://ir.blackhillscorp.com |
Full time employees 2795 | Website https://ir.blackhillscorp.com | ||
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 in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; ownership and operation of 4,581 miles of intrastate gas transmission pipelines; 44,840 miles of gas distribution mains and service lines; seven natural gas storage sites; and approximately 50,000 horsepower of compression and 494 miles of gathering lines. The company also provides non-regulated services to its retail customers, including Service Guard Comfort Plan, which provides home appliance repair services through on-going monthly service agreements to residential utility customers; Tech Services, which include construction and maintenance of customer-owned gas infrastructure facilities, as well as electrical system construction services; and HomeServe, which are additional home repair service plans for natural gas residential customers. In addition, the company produces electric power through wind, natural gas, and coal-fired generating plants, as well as 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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