Black Hills Corporation Receives 'Moderate Buy' Rating from Analysts

Utility company's stock price target raised to $77.60 on average

Apr. 6, 2026 at 8:12am

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Black Hills Corporation (NYSE:BKH), a diversified energy company based in Rapid City, South Dakota, has received a 'Moderate Buy' consensus recommendation from six research analysts covering the stock. One analyst has a hold rating, while five have assigned buy ratings, with an average 12-month price target of $77.60.

Why it matters

The 'Moderate Buy' rating and increased price target suggest analysts see potential upside in Black Hills' stock, reflecting confidence in the company's ability to deliver steady returns for investors as a regulated utility provider of electricity and natural gas across several states.

The details

The analysts' ratings come after Black Hills reported strong Q4 2025 earnings, with EPS of $1.41 beating the consensus estimate of $1.37. The company also recently increased its quarterly dividend to $0.703 per share, representing a 4% yield. Black Hills operates a diverse generation portfolio including natural gas, coal, hydroelectric, and wind power assets to serve its utility customers.

  • Black Hills reported Q4 2025 earnings on February 4, 2026.
  • The company increased its quarterly dividend to $0.703 per share on March 1, 2026.

The players

Black Hills Corporation

A diversified energy company based in Rapid City, South Dakota that provides electricity and natural gas distribution services to residential, commercial, and industrial customers across several states.

Wall Street analysts

A group of six research analysts covering Black Hills Corporation and providing recommendations and price targets for the stock.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

The 'Moderate Buy' rating and increased price target for Black Hills stock suggest the company's diversified energy portfolio and steady utility operations are viewed favorably by Wall Street, providing a positive outlook for the company's future performance.