BKHUtilities · Utilities - Regulated Gas

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

Last close, 9 Oct 2026
$76
−0.58% on the day

The 6 Wall Street analysts covering Black Hills Corp. hold a median 12-month price target of $85 — +11.7% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 40 of 100 as at 10 Oct 2026 — in the lower half.

Market cap
$5.8B
Ticker Nerd rank
40 / 100
Median analyst target
$85
Analysts covering
6
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
+7.2%
1M
+4.5%
YTD
+12.7%
1Y
+29.4%
From 52W high
−0.6%
From 52W low
+31.6%
$58
$77
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 10 Oct 2026
40 / 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
93
Revisions
63
Value
58
Quality
47
Accruals
39
Volatility
38
Growth
38
Issuance
25
Size
21

Momentum (93): The shares have been drifting up relative to others.

Issuance (25): The company has been issuing shares or taking on financing, diluting existing holders.

Size (21): 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
$60$70$80$90Jan 26Apr 26Jul 26Oct 26BKHHigh $91Median $85Low $69

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 says6 analysts
5 Buy1 Hold0 Sell
Low $69Median $85High $91

The green dot is the last close — the median target sits +11.7% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 2 moved their price target up and 1 moved it down.

DateFirmActionRatingTarget
30 Sept 2026Freedom BrokerInitiatesHold$69
21 Sept 2026B of A SecuritiesMaintainsBuy$87 → $97
21 Sept 2026B of A SecuritiesMaintainsBuy—
22 July 2026BMO CapitalMaintainsOutperform$86 → $85
22 July 2026BMO CapitalMaintainsOutperform—
10 July 2026B of A SecuritiesMaintainsBuy$78 → $87
10 July 2026B of A SecuritiesMaintainsBuy—
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—

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 Oct 2026, Black Hills Corp. returned +29.4% against +17.3% for the S&P 500, dividends included.

BKH vs S&P 500, last 12 monthsTotal return, rebased to 100
90100110120130Jan 26Apr 26Jul 26Oct 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
EPS revision, 90 days
0.0%
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
19.1×

Cheaper than 39% of US stocks

Price / sales
2.5×

Cheaper than 46% of US stocks

Price / book
1.5×

Cheaper than 54% of US stocks

EV / EBITDA
12.3×

Cheaper than 30% of US stocks

Growth & margins
Revenue growth (YoY)
3.1%

Higher than 35% 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
3.7%

Higher than 89% 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 $5.8B and an enterprise value of $10.3B.

  • 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: 19.1×; forward P/E: 16.4× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 3.71%, 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 9 Oct 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.$5.8B
40
SWXSouthwest Gas Holdings, Inc.$6.1B
55
NJRNew Jersey Resources Corp.$5.2B
66
BIPCBrookfield Infrastructure Corp.$4.9B
44
SRSpire Inc.$4.6B
28
OGSONE Gas, Inc.$4.5B
46
UGIUGI Corp.$8.0B
55

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

5 Hidden Dividend Stocks With Payout Records That Put Bigger Names to Shame

24/7 Wall Street · 9 Oct 2026neutral

24/7 Wall Street highlights five lesser-known dividend stocks with long payout records; two have raised dividends for 56 consecutive years.

Why it matters — The item discusses dividend histories among other companies, which may interest BKH watchers considering dividend track records, but it provides no BKH-specific information.

These 5 Dividend Stocks Are Flying Under Wall Street's Radar

24/7 Wall Street · 9 Oct 2026neutral

24/7 Wall Street highlights five lesser-known dividend stocks, saying their yields range from 3.7% to nearly 9% and that they receive less attention from investors than popular mega-cap names.

Why it matters — The excerpt offers general dividend-stock context, but does not identify Black Hills Corp. as one of the five companies.

Alphabet's $1.8 Billion Black Hills Deal Powers AI Data Center Push

MarketBeat · 8 Oct 2026positive

The headline reports that Alphabet has a $1.8 billion deal involving Black Hills to support the power needs of AI data centers. The excerpt says electricity supply is becoming a constraint as technology companies expand AI computing.

Why it matters — BKH watchers may be interested in the reported deal because it links Black Hills with electricity demand from AI data centers.

This Utility Merger Pair Surges on Alphabet AI Deal

Investors Business Daily · 8 Oct 2026positive

The headline reports that Black Hills and NorthWestern Energy shares surged on an Alphabet AI deal. The excerpt notes that the utility merger partners have strong dividend records.

Why it matters — BKH watchers may note the reported share move and the article’s reference to the merger partners’ dividend records.

FAQ

Frequently asked questions about BKH stock

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

The 6 Wall Street analysts covering Black Hills Corp. have a median 12-month price target of $85, with estimates ranging from $69 to $91. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is BKH stock a buy right now?

Of the 6 analysts covering Black Hills Corp., 5 rate it a Buy, 1 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Black Hills Corp. 40 out of 100 across roughly 4,600 US stocks as at 10 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank BKH?

As at 10 Oct 2026, Black Hills Corp. ranks 40 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 (93 of 100).

Will BKH stock go up?

No one can know that. What the data says: the median 12-month target from 6 analysts implies +11.7% from the last close, and Ticker Nerd's factor model ranks Black Hills Corp. 40 out of 100 as at 10 Oct 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: $69 to $91 over the next 12 months.

How has BKH stock performed over the past year?

Black Hills Corp. returned +29.4% over the 12 months to 9 Oct 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 (24/7 Wall Street, 9 Oct 2026): "5 Hidden Dividend Stocks With Payout Records That Put Bigger Names to Shame". 24/7 Wall Street highlights five lesser-known dividend stocks with long payout records; two have raised dividends for 56 consecutive years.

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