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BKH Stock Forecast 2025-2026
$69.72
Current Price
$5.08B
Market Cap
Buy 2
Hold 2
Sell 0
Wall St Analyst Ratings
Distance to BKH Price Targets
+16.2%
To High Target of $81.00
+6.9%
To Median Target of $74.50
-8.2%
To Low Target of $64.00
BKH Price Momentum
+9.9%
1 Week Change
+14.2%
1 Month Change
+14.7%
1 Year Change
+19.1%
Year-to-Date Change
-1.0%
From 52W High of $70.45
+26.9%
From 52W Low of $54.92
📊 TOP ANALYST CALLS
Did BKH Make This Month's Elite Buy List?
We don't follow just any analyst — only the top 3% with a proven track record make our cut. See if Black Hills is one of their latest high-conviction picks.
Latest BKH Stock Price Targets & Analyst Predictions
Based on our analysis of 11 Wall Street analysts, BKH has a neutral consensus with a median price target of $74.50 (ranging from $64.00 to $81.00). The overall analyst rating is Strong Buy (8.0/10). Currently trading at $69.72, the median forecast implies a 6.9% upside. This outlook is supported by 2 Buy, 2 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Andrew Weisel at Scotiabank, projecting a 16.2% upside. Conversely, the most conservative target is provided by Julien Dumoulin-Smith at B of A Securities, suggesting a 8.2% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
BKH Analyst Ratings
2
Buy
2
Hold
0
Sell
BKH Price Target Range
Low
$64.00
Average
$74.50
High
$81.00
Current: $69.72
Latest BKH Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for BKH.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Nov 7, 2025 | Scotiabank | Andrew Weisel | Sector Outperform | Upgrade | $81.00 |
| Aug 20, 2025 | B of A Securities | Julien Dumoulin-Smith | Neutral | Upgrade | $64.00 |
| Aug 1, 2025 | B of A Securities | Sell | Maintains | $N/A | |
| May 13, 2025 | BMO Capital | Edward DeArias | Outperform | Initiates | $68.00 |
| Feb 7, 2025 | Scotiabank | Andrew Weisel | Sector Perform | Maintains | $66.00 |
| Dec 12, 2024 | Scotiabank | Andrew Weisel | Sector Perform | Maintains | $67.00 |
| Aug 20, 2024 | Scotiabank | Andrew Weisel | Sector Perform | Maintains | $63.00 |
| Aug 2, 2024 | Wells Fargo | Sarah Akers | Equal-Weight | Maintains | $64.00 |
| Jun 4, 2024 | Mizuho | Anthony Crowdell | Neutral | Maintains | $57.00 |
| May 10, 2024 | Wells Fargo | Sarah Akers | Equal-Weight | Maintains | $61.00 |
| Apr 22, 2024 | Scotiabank | Andrew Weisel | Sector Perform | Maintains | $54.00 |
| Feb 9, 2024 | RBC Capital | Shelby Tucker | Sector Perform | Maintains | $57.00 |
| Feb 9, 2024 | Scotiabank | Andrew Weisel | Sector Perform | Maintains | $58.00 |
| Nov 21, 2023 | Mizuho | Anthony Crowdell | Neutral | Upgrade | $53.00 |
| Nov 20, 2023 | B of A Securities | Julien Dumoulin-Smith | Underperform | Maintains | $49.00 |
| Sep 22, 2023 | Mizuho | Anthony Crowdell | Underperform | Maintains | $53.00 |
| Sep 6, 2023 | RBC Capital | Shelby Tucker | Sector Perform | Maintains | $61.00 |
| Aug 4, 2023 | Wells Fargo | Equal-Weight | Maintains | $N/A | |
| Jul 21, 2023 | Mizuho | Underperform | Maintains | $N/A | |
| Feb 10, 2023 | RBC Capital | Shelby Tucker | Sector Perform | Downgrade | $68.00 |
Black Hills Corporation (BKH) Competitors
The following stocks are similar to Black Hills based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Black Hills Corporation (BKH) Financial Data
Black Hills Corporation has a market capitalization of $5.08B with a P/E ratio of 17.6x. The company generates $2.27B in trailing twelve-month revenue with a 12.5% profit margin.
Revenue growth is +7.1% quarter-over-quarter, while maintaining an operating margin of +18.3% and return on equity of +7.6%.
Valuation Metrics
Market Cap
$5.08B
Enterprise Value
$9.53B
P/E Ratio
17.6x
PEG Ratio
1.2x
Price/Sales
2.2x
Growth & Margins
Revenue Growth (YoY)
+7.1%
Gross Margin
+38.1%
Operating Margin
+18.3%
Net Margin
+12.5%
EPS Growth
+2.0%
Financial Health
Cash/Price Ratio
+0.2%
Current Ratio
0.6x
Debt/Equity
117.7x
ROE
+7.6%
ROA
+2.7%
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Black Hills Corporation (BKH) Business Model
About Black Hills Corporation
What They Do
Provides utility services in energy distribution.
Business Model
The company operates as a diversified energy provider, generating revenue through the delivery of natural gas and electricity to residential, commercial, and industrial customers. It manages electric utilities that generate and transmit power as well as natural gas utilities that ensure secure gas delivery. Its subsidiaries further enhance its revenue streams through electric power generation and natural gas transmission.
Additional Information
Headquartered in Rapid City, South Dakota, the company emphasizes safety, operational excellence, and innovation, contributing to local and regional economic growth while committing to sustainable practices and reducing environmental impact.
Company Information
Sector
Utilities
Industry
Utilities - Regulated Gas
Employees
2,841
CEO
Mr. Linden R. Evans J.D.
Country
United States
IPO Year
1984
Website
www.blackhillscorp.comBlack Hills Corporation (BKH) Latest News & Analysis
Latest News
Quick Summary
Black Hills Corporation (BKH) will hold its Q3 2025 earnings call on November 6, 2025, at 11:00 AM EST, featuring key executives including the CEO and CFO.
Why It Matters
The Q3 2025 earnings call for Black Hills Corporation will provide insights into financial performance, future guidance, and operational strategies, influencing investor sentiment and stock valuation.
Source: Seeking Alpha
Market Sentiment:
Neutral
Black Hills Corp. Reports 2025 Third-Quarter Results and Reaffirms 2025 Adjusted Earnings Guidance
4 days ago
Quick Summary
Black Hills Corp. (NYSE: BKH) reported Q3 2025 financial results, including net income and earnings per share, comparing them to Q3 2024 figures. Details on specific metrics were not provided.
Why It Matters
Black Hills Corp's Q3 financial results impact stock performance and investor confidence, signaling growth or decline in profitability compared to the previous year.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Best Dividend Kings: October 2025
11 days ago
Quick Summary
In 2025, Dividend Kings lag SPY by 13.10% YTD, though 12 Kings outperform the index. MGE Energy joins the group, raising the dividend growth rate to 5.61%. SCL is the worst performer.
Why It Matters
Dividend Kings' underperformance relative to SPY signals potential volatility in high-yield stocks. However, strong performers and rising dividends indicate resilience and income opportunities for investors.
Source: Seeking Alpha
Market Sentiment:
Neutral
Black Hills Corp. Announces Quarterly Dividend
11 days ago
Quick Summary
The third-quarter 2025 earnings call and webcast will take place on Thursday, November 6.
Why It Matters
The upcoming earnings call on November 6 will provide key insights into the company's financial performance, influencing investor sentiment and stock price movements.
Source: GlobeNewsWire
Market Sentiment:
Neutral
A High-Yielding Trio To Scoop Up Now
17 days ago
Quick Summary
Enterprise Products Partners, Black Hills Corporation, and Realty Income offer high yields (4.4%-7.2%) and trade at 17%-23% discounts to fair value. EPD is positioned for growth in global energy demand; BKH benefits from utility diversification.
Why It Matters
High yields and discounted valuations signal potential upside for these companies. EPD's position in energy and BKH's utility growth prospects may attract income-focused investors seeking value.
Source: Seeking Alpha
Market Sentiment:
Positive
Quick Summary
As of Oct. 23, 2025, two stocks in the utilities sector are raising concerns for momentum-focused investors.
Why It Matters
Warnings about momentum in utility stocks suggest potential volatility, indicating a shift that may affect returns and risk assessments for investors focused on momentum strategies.
Source: Benzinga
Market Sentiment:
Negative
Frequently Asked Questions About BKH Stock
What is Black Hills Corporation's (BKH) stock forecast for 2026?
Based on our analysis of 11 Wall Street analysts, Black Hills Corporation (BKH) has a median price target of $74.50. The highest price target is $81.00 and the lowest is $64.00.
Is BKH stock a good investment in 2026?
According to current analyst ratings, BKH has 2 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $69.72. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for BKH stock?
Wall Street analysts predict BKH stock could reach $74.50 in the next 12 months. This represents a 6.9% increase from the current price of $69.72. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Black Hills Corporation's business model?
The company operates as a diversified energy provider, generating revenue through the delivery of natural gas and electricity to residential, commercial, and industrial customers. It manages electric utilities that generate and transmit power as well as natural gas utilities that ensure secure gas delivery. Its subsidiaries further enhance its revenue streams through electric power generation and natural gas transmission.
What is the highest forecasted price for BKH Black Hills Corporation?
The highest price target for BKH is $81.00 from Andrew Weisel at Scotiabank, which represents a 16.2% increase from the current price of $69.72.
What is the lowest forecasted price for BKH Black Hills Corporation?
The lowest price target for BKH is $64.00 from Julien Dumoulin-Smith at B of A Securities, which represents a -8.2% decrease from the current price of $69.72.
What is the overall BKH consensus from analysts for Black Hills Corporation?
The overall analyst consensus for BKH is neutral. Out of 11 Wall Street analysts, 2 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $74.50.
How accurate are BKH stock price projections?
Stock price projections, including those for Black Hills Corporation, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: November 9, 2025 10:14 AM UTC