TICKERNERD
Menu
BKHUtilities · Utilities - Regulated Gas

BKH Stock Forecast: Black Hills Corp. Price Predictions for 2026-2027

Last close, 9 Sept 2026
$73
−1.85% on the day

The 5 Wall Street analysts covering Black Hills Corp. hold a median 12-month price target of $86 — +18.1% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 46 of 100 as at 8 Sept 2026 — in the lower half.

Market cap
$5.6B
Ticker Nerd rank
46 / 100
Median analyst target
$86
Analysts covering
5
Revenue$452.8M+3.1% y/y
Operating income$97.0M
Net income$40.4M
Free cash flow−$23.0M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+0.6%
1M
−1.5%
YTD
+7.9%
1Y
+29.0%
From 52W high
−3.4%
From 52W low
+29.6%
$56
$75
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

BKH stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Black Hills Corp. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 8 Sept 2026
46 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Momentum
92
Revisions
70
Value
64
Quality
52
Volatility
40
Accruals
39
Growth
37
Issuance
24
Size
22

Momentum (92): The shares have been drifting up relative to others.

Issuance (24): The company has been issuing shares or taking on financing, diluting existing holders.

Size (22): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

BKH stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on BKH, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$50$60$70$80$90Oct 25Jan 26Apr 26Jul 26BKHHigh $87Median $86Low $80

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says5 analysts
5 Buy0 Hold0 Sell
Low $80Median $86High $87

The green dot is the last close — the median target sits +18.1% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
22 July 2026BMO CapitalMaintainsOutperform$86 → $85
10 July 2026B of A SecuritiesMaintainsBuy—
10 July 2026B of A SecuritiesMaintainsBuy$78 → $87
11 June 2026B of A SecuritiesUpgradeBuy—
15 Apr 2026BMO CapitalMaintainsOutperform—
9 Apr 2026B of A SecuritiesMaintainsNeutral—
1 Apr 2026Ladenburg ThalmannInitiatesBuy—
9 Feb 2026BMO CapitalMaintainsOutperform—
27 Jan 2026BMO CapitalMaintainsOutperform—
7 Nov 2025ScotiabankUpgradeSector Outperform—
20 Aug 2025B of A SecuritiesUpgradeNeutral—
1 Aug 2025B of A SecuritiesMaintainsSell—
13 May 2025BMO CapitalInitiatesOutperform—
7 Feb 2025ScotiabankMaintainsSector Perform—
12 Dec 2024ScotiabankMaintainsSector Perform—
20 Aug 2024ScotiabankMaintainsSector Perform—
2 Aug 2024Wells FargoMaintainsEqual-Weight—
4 June 2024MizuhoMaintainsNeutral—
10 May 2024Wells FargoMaintainsEqual-Weight—
22 Apr 2024ScotiabankMaintainsSector Perform—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. BKH appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

BKH vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 9 Sept 2026, Black Hills Corp. returned +29.0% against +18.5% for the S&P 500, dividends included.

BKH vs S&P 500, last 12 monthsTotal return, rebased to 100
100110120130140Oct 25Jan 26Apr 26Jul 26BKHS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

BKH analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
Analysts raising
0
Analysts cutting
2
Fundamentals

Black Hills Corp. (BKH) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
18.8×

Cheaper than 40% of US stocks

Price / sales
2.5×

Cheaper than 47% of US stocks

Price / book
1.4×

Cheaper than 58% of US stocks

EV / EBITDA
12.0×

Cheaper than 32% of US stocks

Growth & margins
Revenue growth (YoY)
3.1%

Higher than 34% of US stocks

Earnings growth (YoY)
38.9%

Higher than 71% of US stocks

Gross margin
41.7%

Higher than 52% of US stocks

Operating margin
21.4%

Higher than 81% of US stocks

Net margin
13.0%

Higher than 75% of US stocks

Returns & dividend
Return on equity
8.0%

Higher than 59% of US stocks

Return on assets
3.2%

Higher than 66% of US stocks

Dividend yield
3.8%

Higher than 74% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Black Hills Corp. (BKH) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Black Hills Corp. has a market value of $5.6B and an enterprise value of $10.1B.

  • Revenue in the twelve months to 30 June 2026: $2.3B. The latest quarter grew 3.1% year on year.

  • Net income over the same four quarters: $308.1M, a 13.4% net margin.

  • Diluted earnings per share, trailing twelve months: $3.96.

  • Free cash flow in the twelve months to 30 June 2026: −$305.2M.

  • Black Hills Corp. spent $206.9M on dividends in the twelve months to 30 June 2026.

  • Shares outstanding: 76.3M.

  • Trailing P/E: 18.8×; forward P/E: 16.2× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 3.79%, paying out 69% of earnings.

  • Black Hills Corp. employs 2,795 people — $823K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 10 Sept 2026

Data provided by Twelve Data

Peers

BKH vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelUtilities - Regulated Gas
CompanyMarket capTKN rank
BKHBlack Hills Corp.$5.6B
46
NJRNew Jersey Resources Corp.$5.4B
68
OGSONE Gas, Inc.$5.1B
50
SWXSouthwest Gas Holdings, Inc.$6.4B
60
BIPCBrookfield Infrastructure Corp.$5.0B
46
SRSpire Inc.$4.9B
30
MDUMDU Resources Group, Inc.$4.1B
24

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Black Hills Corp. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest BKH news & analysis

Black Hills: A 439 MW Utility With A Three GW Data Center Pipeline

Seeking Alpha · 1 Sept 2026positive

Black Hills Corporation holds a Buy rating, supported by a 600 MW data center load from Microsoft and Meta already included in its financial plan. The company expects this initial tranche to drive over 10% of consolidated EPS growth from 2028 with minimal capital outlay, while a further 2.5+ GW prospective pipeline remains outside current earnings estimates.

Why it matters — A BKH watcher would care because the confirmed data center demand is positioned as a notable growth driver in the financial plan, while the larger prospective pipeline represents additional future optionality.

I'd Rather Bet on AI's Electric Bill Than Its Chips. Here's Why.

The Motley Fool · 29 Aug 2026positive

The article argues that while Nvidia is currently seen as the AI chip leader, many companies are competing in that space. It suggests that regardless of which chips win, electricity will be needed to power whatever AI chips are used in this technological revolution.

Why it matters — A Black Hills Corp. watcher would care because the piece highlights growing electricity demand from AI, which is relevant to the utility's power-generation business.

Best Dividend Kings: August 2026

Seeking Alpha · 24 Aug 2026positive

Seeking Alpha reports that Dividend Kings are outperforming the S&P 500 year-to-date, posting a 14.98% total return versus SPY's 12.89%. Thirty Dividend Kings are beating SPY, while 25 appear both potentially undervalued and offer at least 10% annualized return potential, with dividend growth accelerating to an average 4.12%.

Why it matters — As a Dividend King, Black Hills Corp. is part of the group highlighted as outperforming the broader market and showing accelerating dividend growth.

Black Hills Q2 Earnings Call Highlights

MarketBeat · 8 Aug 2026positive

Black Hills Corp. said it remains on track to meet its 2026 earnings guidance, with second-quarter results supported by new rates and rider recovery, large-load demand growth, and ongoing capital investments.

Why it matters — The reaffirmed 2026 earnings guidance signals continued progress on the company's financial targets for BKH watchers.

Black Hills Corporation (BKH) Q2 2026 Earnings Call Transcript

Seeking Alpha · 7 Aug 2026neutral

Black Hills Corporation (BKH) held its Q2 2026 earnings call, and Seeking Alpha published a transcript of the event. The item indicates the company's quarterly earnings discussion took place.

Why it matters — The earnings call transcript offers BKH watchers a record of management's discussion of the company's second-quarter 2026 results.

FAQ

Frequently asked questions about BKH stock

What is the BKH stock price forecast for 2026-2027?

The 5 Wall Street analysts covering Black Hills Corp. have a median 12-month price target of $86, with estimates ranging from $80 to $87. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is BKH stock a buy right now?

Of the 5 analysts covering Black Hills Corp., 5 rate it a Buy, 0 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Black Hills Corp. 46 out of 100 across roughly 4,600 US stocks as at 8 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank BKH?

As at 8 Sept 2026, Black Hills Corp. ranks 46 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Momentum (92 of 100).

Will BKH stock go up?

No one can know that. What the data says: the median 12-month target from 5 analysts implies +18.1% from the last close, and Ticker Nerd's factor model ranks Black Hills Corp. 46 out of 100 as at 8 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the BKH stock forecast for 2030?

No analyst covering Black Hills Corp. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for BKH are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $80 to $87 over the next 12 months.

How has BKH stock performed over the past year?

Black Hills Corp. returned +29.0% over the 12 months to 9 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Black Hills Corp. do?

Black Hills Corporation is a regulated energy utility company that provides electricity and natural gas services to customers across the central and western United States. Through its Electric Utilities segment, the company generates, transmits, and distributes power to residential, commercial, industrial, and municipal users, while its Gas Utilities segment delivers natural gas through transmission, distribution, and storage systems.

What is the latest news on BKH?

The most recent item we track (Seeking Alpha, 1 Sept 2026): "Black Hills: A 439 MW Utility With A Three GW Data Center Pipeline". Black Hills Corporation holds a Buy rating, supported by a 600 MW data center load from Microsoft and Meta already included in its financial plan. The company expects this initial tranche to drive over 10% of consolidated EPS growth from 2028 with minimal capital outlay, while a further 2.5+ GW prospective pipeline remains outside current earnings estimates.

Company

About Black Hills Corp.

Black Hills Corporation is a regulated energy utility company that provides electricity and natural gas services to customers across the central and western United States. Through its Electric Utilities segment, the company generates, transmits, and distributes power to residential, commercial, industrial, and municipal users, while its Gas Utilities segment delivers natural gas through transmission, distribution, and storage systems. Black Hills Corporation also operates supporting energy-related services, including infrastructure and related utility offerings that help maintain reliable service for local communities and businesses. Headquartered in Rapid City, South Dakota, Black Hills Corporation plays an important role in essential energy delivery across multiple states, serving as a core provider in regional utility markets and supporting everyday energy needs for homes and businesses.

CEO Mr. Linden R. Evans J.D. · 2,795 employees · United States · https://ir.blackhillscorp.com