Black Hills Corporation

NYSE:BKH Rapport sur les actions

Capitalisation boursière : US$5.7b

Black Hills Gestion

Gestion contrôle des critères 4/4

Le PDG Black Hills est Linn Evans, nommé en Jan2016, a un mandat de 10.33 ans. La rémunération annuelle totale est $ 5.99M, composée du salaire de 16.6% et des bonus 83.4%, y compris les actions et options de la société. détient directement 0.23% des actions de la société, d'une valeur de $ 12.95M. La durée moyenne de mandat de l'équipe de direction et du conseil d'administration est respectivement 2.9 ans et 6.5 ans.

Informations clés

Linn Evans

Directeur général

US$6.0m

Rémunération totale

Pourcentage du salaire du PDG16.62%
Durée du mandat du directeur général10.3yrs
Propriété du PDG0.2%
Durée moyenne d'occupation des postes de direction2.9yrs
Durée moyenne du mandat des membres du conseil d'administration6.5yrs

Mises à jour récentes de la gestion

Recent updates

Mise à jour du récit May 17

BKH: Higher Margin Outlook And P/E Assumptions Are Expected To Support Returns

Analysts have raised their average price target for Black Hills to $83, citing updated assumptions around revenue growth, profit margins, and a slightly adjusted P/E outlook. This revision is supported by a series of recent target hikes and rating upgrades from major firms.
Seeking Alpha Apr 29

Black Hills: Plug Your Portfolio Into Strong Utility Returns

Summary Black Hills remains a "Buy," supported by a 56-year dividend growth streak and a BBB+ credit rating. BKH’s merger with NorthWestern Energy is progressing, with closure expected by the end of 2026 and significant EPS growth catalysts from data center demand and rate recovery. Shares are trading at a 6% discount to fair value, with a projected 10% annual total return and a forward dividend yield of 3.7%. Risks include regulatory hurdles for the NWE merger and potential cyber threats, but BKH’s financial strength and growth prospects remain robust. Read the full article on Seeking Alpha
Mise à jour du récit Apr 26

BKH: Merger Approval And Higher Margin Outlook Will Support Future Returns

Analysts have lifted the price target on Black Hills to $83.00 from $81.20, citing updated assumptions around fair value, profit margins, and future P/E expectations supported by recent upbeat research and rating changes. Analyst Commentary Bullish Takeaways Bullish analysts have raised price targets in several steps, which signals greater confidence in Black Hills' valuation relative to where the stock has been trading.
Mise à jour du récit Apr 10

BKH: Dividend Progress And Merger Approval Will Shape Balanced Future Returns

Analysts have made a small adjustment to the Black Hills price target to $81.20. This reflects updated assumptions around future revenue growth and profit margins following a series of recent target hikes and an upgrade from several firms.
Mise à jour du récit Mar 26

BKH: Dividend Momentum And Major Transmission Project Will Support Future Returns

Narrative Update The analyst price target for Black Hills has shifted from $80.50 to $81.25, reflecting recent target increases from multiple firms as analysts factor in revised assumptions for revenue, profit margins and future P/E expectations. Analyst Commentary Recent Street research on Black Hills centers on recalibrated price targets and an upgrade in rating, with analysts adjusting their views as they revisit assumptions for earnings power and valuation multiples.
Mise à jour du récit Mar 08

BKH: Dividend Increases And Project Completion Will Support Steady Future Return Profile

Analysts have increased their price targets on Black Hills by $2, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E that remain broadly consistent with prior estimates. Analyst Commentary Recent Street research points to modest upward revisions in fair value estimates for Black Hills, with price targets adjusted by US$2.
Mise à jour du récit Feb 22

BKH: Dividend Growth And Project Execution Will Support Balanced Future Return Potential

Analysts have lifted their Black Hills price target by $2, citing updated expectations for revenue growth and profit margins, along with a slightly lower assumed future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts point to updated revenue expectations as support for a slightly higher intrinsic value, even with a more conservative assumed P/E multiple.
Article d’analyse Feb 13

Black Hills (NYSE:BKH) Is Increasing Its Dividend To $0.703

Black Hills Corporation ( NYSE:BKH ) will increase its dividend from last year's comparable payment on the 1st of March...
Article d’analyse Feb 08

Earnings Report: Black Hills Corporation Missed Revenue Estimates By 7.0%

The analysts might have been a bit too bullish on Black Hills Corporation ( NYSE:BKH ), given that the company fell...
Mise à jour du récit Feb 07

BKH: Dividend Increase And Wyoming Project Completion Will Support Future Upside Potential

Analysts have lifted their fair value estimate for Black Hills from $75.75 to $80.50, pointing to updated assumptions around discount rates, revenue growth, profit margins, and future P/E as key drivers behind the higher price target. Analyst Commentary Bullish Takeaways Bullish analysts view the higher fair value estimate of $80.50 as better aligned with their updated discount rate assumptions, suggesting the shares may be more fairly priced against the company’s perceived risk profile.
Article d’analyse Jan 29

Black Hills' (NYSE:BKH) Upcoming Dividend Will Be Larger Than Last Year's

The board of Black Hills Corporation ( NYSE:BKH ) has announced that it will be paying its dividend of $0.703 on the...
Mise à jour du récit Jan 23

BKH: Ready Wyoming And Nebraska Settlement Will Support Measured Long Term Outlook

Analysts have nudged their price target on Black Hills slightly higher to around $75.75, with the change supported by updated fair value work and a modestly lower forward P/E assumption informed by recent Street research, including a $2 target move cited in BofA commentary. Analyst Commentary Bullish Takeaways Bullish analysts view the higher fair value work and the revised target around $75.75 as consistent with execution that they see as broadly in line with current expectations.
Mise à jour du récit Jan 09

BKH: Ready Wyoming And Nebraska Rate Case Will Support Steady Outlook

Analysts kept their fair value estimate for Black Hills steady at about $76.50 per share, citing only minor tweaks to discount rate, revenue growth, profit margin and forward P/E assumptions that did not materially shift their overall price target view. What's in the News Completed the 260 mile Ready Wyoming electric transmission project, a US$350 million expansion that connects Black Hills' electric systems in South Dakota and Wyoming.
Mise à jour du récit Dec 24

BKH: Nebraska Rate Settlement Will Support Steady Fundamentals And Future Multiples

Narrative Update on Black Hills Analyst Price Target The analyst price target for Black Hills has inched higher by approximately $1.50 to about $76.50 per share, as analysts modestly revise assumptions around discount rates, long term revenue growth, profit margins, and future valuation multiples. What's in the News Nebraska Public Service Commission unanimously approved a settlement for Black Hills Corp.’s natural gas utility subsidiary, authorizing recovery of over $453 million in system investments and operational costs since its 2020 general rate filing (regulatory filing).
Mise à jour du récit Dec 10

BKH: Future Multiples Will Likely Edge Higher While Fundamentals Stay Balanced

Analysts have modestly raised their price target on Black Hills to approximately $75.00 from about $73.50, reflecting slightly higher assumed future valuation multiples while keeping growth and margin expectations effectively unchanged. Valuation Changes Fair Value: increased slightly from approximately $73.50 to about $75.00 per share.
Mise à jour du récit Nov 26

BKH: Merger Integration Will Present Opportunities While Risks Remain Balanced

Analysts have maintained their price target for Black Hills at $73.50, citing stable financial outlooks and consistent performance metrics as the basis for their unchanged assessment. Valuation Changes Fair Value remains unchanged at $73.50 per share.
Mise à jour du récit Nov 09

BKH: Merger Will Bring Integration Opportunities And Potential Execution Risks Ahead

Analysts have raised their fair value price target for Black Hills from $69.75 to $73.50, citing the anticipated accretive effects and positive outlook resulting from the recently announced all-stock merger of equals. Analyst Commentary Following the announcement of the all-stock merger between Black Hills and NorthWestern Energy, analysts have weighed both the potential upsides and risks associated with the deal.
Mise à jour du récit Oct 26

Merger Of Equals Will Create A Leading Regional Utility Platform

The analyst fair value target for Black Hills has increased from $68.50 to $69.75, as analysts cite the positive impact of the recently announced all-stock merger of equals with NorthWestern Energy in their revised assessment. Analyst Commentary Analysts have provided updated perspectives on Black Hills in light of the proposed all-stock merger with NorthWestern Energy.
Mise à jour du récit Aug 26

Hyperscale Demand And Renewables Will Transform Future Energy

The consensus price target for Black Hills has increased to $68.50, primarily reflecting a sharp upward revision in forecast revenue growth despite a notable decline in net profit margin. What's in the News Black Hills and NorthWestern Energy Group announced an all-stock, tax-free merger to create a leading regional regulated utility with a pro forma market capitalization of approximately $7.8 billion; CEO Linn Evans will retire following transaction close.
Article d’analyse Jul 25

Earnings Working Against Black Hills Corporation's (NYSE:BKH) Share Price

Black Hills Corporation's ( NYSE:BKH ) price-to-earnings (or "P/E") ratio of 14.6x might make it look like a buy right...
Article d’analyse Jun 11

Return Trends At Black Hills (NYSE:BKH) Aren't Appealing

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Seeking Alpha Feb 21

Black Hills: Ka-Ching, Ka-Ching, Another Dividend King

Summary Black Hills Corporation is a Dividend King with a 55-year dividend growth streak, trading at an 18% discount to fair value. BKH's five-year capital spending plan increased to $4.7 billion, with a strong balance sheet and a BBB+ credit rating from S&P. The utility's diluted EPS grew 17.1% in Q4 2024, driven by higher revenue and lower operating expenses, projecting 4%-6% annual EPS growth. BKH offers a 4.6% forward dividend yield, with secure payouts and consistent dividend growth, making it an attractive investment for reliable income. Read the full article on Seeking Alpha
Seeking Alpha Jan 15

Black Hills Corporation: Double Digit Upside Potential

Summary I maintain my buy rating on Black Hills Corporation due to its solid dividend coverage, discounted valuation, and strong earnings projections for Q4 2024. BKH stock's starting dividend yield is 4.6%, higher than average, with over 53 years of consecutive raises, making it attractive for income-focused investors. Despite underperformance over the last decade, Black Hills' suppressed valuations present an opportunity to accumulate shares, especially with anticipated future interest rate cuts. BKH's fair value is estimated at $63.20 per share, indicating a potential upside of nearly 12%, supported by new customer rates and long-term growth projects. Read the full article on Seeking Alpha
Seeking Alpha Nov 21

Black Hills Is Still A Buyable Dividend King Now

Summary Black Hills Corporation has hiked its dividends paid to shareholders for 54 years straight. The electric and gas utility continues to expect 4% to 6% annual diluted EPS growth over the long run. Black Hills' interest coverage and debt-to-capital ratios point to a financially healthy business. Shares of the regulated utility could be trading 16% below fair value. BKH stock appears poised to deliver 35% cumulative total returns through 2026. Read the full article on Seeking Alpha
Seeking Alpha Nov 13

Why I Am Reducing Black Hills Stock From Buy To Hold

Summary Institutional Shareholder Services rated Black Hills Corporation's governance as superb with an overall score of 1, indicating low governance risk. Natural gas revenues are seasonally weather-dependent. Black Hills' beta is 0.68, showing less stock volatility compared to the overall market, typical for utilities. The stock price increase that has already occurred and a dividend rate less than Treasuries mean investors should wait for a more attractive (lower) entry point. Read the full article on Seeking Alpha
Seeking Alpha Sep 18

Black Hills: It's Not Too Late To Buy This Dividend King Now

Summary Black Hills Corporation stands out as a proven dividend grower. The gas and electric utility remains on track to meet its long-term growth targets. The company enjoys a BBB+ credit rating from S&P on a stable outlook. The utility appears to be priced at a 17% discount to fair value. Black Hills could be set up to produce 40%+ cumulative total returns by the end of 2026. Read the full article on Seeking Alpha
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Nouveau récit Sep 03

Investing In Renewable Resources And Innovative Energy Models

Investment in energy infrastructure and a move towards renewable resources supports future revenue growth and operational efficiencies.
Seeking Alpha Jul 11

Black Hills Corporation: The Time To Buy This Dividend King Is Now

Summary Black Hills Corporation's 54-year dividend growth streak is a testament to the quality of its business. The electric and natural gas utility is targeting 4% to 6% annual EPS growth, which looks to be within reason. BKH's interest coverage ratio is very strong for a regulated utility. Shares of the electric and gas utility could be trading at an 18% discount to fair value. BKH appears poised to generate 46% cumulative total returns through 2026. Read the full article on Seeking Alpha
Seeking Alpha Jun 07

Black Hills Corporation Continues As Solid Investment

Summary Black Hills Corporation has 1.34 million natural gas and electricity customers, with growth in its electric generation and utilities. The company's stock price is up 6% and its 4.8% dividend is attractive compared to the 10-year US Treasury rate. Black Hills is well-positioned to meet the growing demand for data centers with investments in transmission and a range of generation sources. Read the full article on Seeking Alpha

Analyse de la rémunération des PDG

Comment la rémunération de Linn Evans a-t-elle évolué par rapport aux bénéfices de Black Hills?
DateRémunération totaleSalaireBénéfices de l'entreprise
Mar 31 2026n/an/a

US$288m

Dec 31 2025US$6mUS$996k

US$292m

Sep 30 2025n/an/a

US$285m

Jun 30 2025n/an/a

US$284m

Mar 31 2025n/an/a

US$280m

Dec 31 2024US$6mUS$979k

US$273m

Sep 30 2024n/an/a

US$255m

Jun 30 2024n/an/a

US$276m

Mar 31 2024n/an/a

US$276m

Dec 31 2023US$6mUS$893k

US$262m

Sep 30 2023n/an/a

US$255m

Jun 30 2023n/an/a

US$245m

Mar 31 2023n/an/a

US$255m

Dec 31 2022US$4mUS$854k

US$258m

Sep 30 2022n/an/a

US$257m

Jun 30 2022n/an/a

US$266m

Mar 31 2022n/an/a

US$258m

Dec 31 2021US$4mUS$819k

US$237m

Sep 30 2021n/an/a

US$243m

Jun 30 2021n/an/a

US$235m

Mar 31 2021n/an/a

US$231m

Dec 31 2020US$4mUS$783k

US$228m

Sep 30 2020n/an/a

US$220m

Jun 30 2020n/an/a

US$195m

Mar 31 2020n/an/a

US$189m

Dec 31 2019US$4mUS$713k

US$199m

Rémunération vs marché: La rémunération totale de Linn ($USD 5.99M ) est dans la moyenne des entreprises de taille similaire sur le marché US ($USD 8.38M ).

Rémunération et revenus: La rémunération de Linn a été cohérente avec les performances de l'entreprise au cours de l'année écoulée.


PDG

Linn Evans (62 yo)

10.3yrs
Titularisation
US$5,991,759
Compensation

Mr. Linden R. Evans, also known as Linn, J.D., has been the Chief Executive Officer and Chairman at Black Hills Power Inc. since January 1, 2019. Mr. Evans served as Chief Operating Officer at Black Hills...


Équipe de direction

NomPositionTitularisationCompensationPropriété
Linden Evans
President10.3yrsUS$5.99m0.23%
$ 12.9m
Kimberly Nooney
Senior VP & CFO3.1yrsUS$3.19m0.051%
$ 2.9m
Don Redden
Senior VP and Chief Information & Transformation Officerless than a yearUS$684.37kpas de données
Sarah Wiltse
Senior VP & Chief Human Resources Officer1.6yrsUS$1.03m0.0099%
$ 559.3k
Marne Jones
Senior VP & Chief Utility Officer2.9yrsUS$2.74m0.051%
$ 2.9m
Salvador Diaz
Director of Investor Relations1.8yrspas de donnéespas de données
Darren Nakata
Senior VPless than a yearpas de donnéespas de données
Courtney Hebert
VP, Corporate Controller & Chief Risk Officer3.5yrspas de donnéespas de données
Tom Stevens
VP & Treasurer2.9yrspas de donnéespas de données
2.9yrs
Durée moyenne de l'emploi
52yo
Âge moyen

Gestion expérimentée: L'équipe de direction de BKH est considérée comme expérimentée (ancienneté moyenne 2.9 ans).


Membres du conseil d'administration

NomPositionTitularisationCompensationPropriété
Linden Evans
President7.5yrsUS$5.99m0.23%
$ 12.9m
Steven Mills
Independent Chairman14.6yrsUS$367.50k0.025%
$ 1.4m
Barry Granger
Independent Director5.6yrsUS$247.50k0.0010%
$ 59.4k
Tony Jensen
Independent Director6.5yrsUS$250.00k0.018%
$ 1.0m
Scott Prochazka
Independent Director5.6yrsUS$267.50k0.0097%
$ 550.3k
Teresa Taylor
Independent Director9.7yrsUS$267.50k0.012%
$ 697.3k
Anne Waleski
Independent Director1.1yrsUS$211.67k0%
$ 0
Robert Beard
Independent Director1.1yrsUS$210.00k0%
$ 0
Kathleen McAllister
Independent Director6.5yrsUS$250.00k0.0074%
$ 416.8k
Robert Otto
Independent Director9.3yrsUS$265.00k0.014%
$ 791.8k
6.5yrs
Durée moyenne de l'emploi
61.5yo
Âge moyen

Conseil d'administration expérimenté: Les membres du conseil d'administration de BKH sont considérés comme expérimentés (ancienneté moyenne 6.5 ans).


Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2026/05/26 15:07
Cours de l'action en fin de journée2026/05/22 00:00
Les revenus2026/03/31
Revenus annuels2025/12/31

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

PaquetDonnéesCadre temporelExemple de source américaine *
Finances de l'entreprise10 ans
  • Compte de résultat
  • Tableau des flux de trésorerie
  • Bilan
Estimations consensuelles des analystes+3 ans
  • Prévisions financières
  • Objectifs de prix des analystes
Prix du marché30 ans
  • Cours des actions
  • Dividendes, scissions et actions
Propriété10 ans
  • Actionnaires principaux
  • Délits d'initiés
Gestion10 ans
  • L'équipe dirigeante
  • Conseil d'administration
Principaux développements10 ans
  • Annonces de l'entreprise

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github; nous proposons également des guides expliquant comment utiliser nos rapports et des tutoriels sur Youtube.

Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

Black Hills Corporation est couverte par 14 analystes. 4 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.

AnalysteInstitution
James ThalackerBMO Capital Markets Equity Research
Edward DeAriasBMO Capital Markets Equity Research
Ross FowlerBofA Global Research