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Black Hills (NYSE:BKH) 주식, 공매도 수량 보고

Black Hills

Black Hills Corp is a U.S.-based energy company that operates through its Electric Utilities, Gas Utilities, Corporate and Other segments. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from electric utilities.

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2024년은 기록상 가장 더운 해 중 하나가 될 것으로 예상됨에 따라 폭염이 미국 여러 지역을 휩쓸 것으로 예상된다. 예보: 국립 기상청(NWS)에 따르면 거의 1억 5천만 명의 미국인이 목요일 폭염 주의보 또는 주의보를 받고 있다.

8월 폭염 영향으로 약 1.5억 명의 미국인이 피해를 겪으면서 주목해야 할 12개 주식

Black Hills Corp

Black Hawk Acquisition Corporation - Class A Ordinary Shares

Black Hawk Acquisition Corp

Black Hawk Acquisition Corporation - Rights

Black Hawk Acquisition Corporation - Units

BANK HAPOLAM BM ORD by Bank Hapoalim B.M.

Bank Hapoalim BM

BANK HAPOALIM B.M.ADR144A by Bank Hapoalim B.M.

BNY Mellon High Yield ETF

BANK HAPOALIM B.M. S/ADR by Bank Hapoalim B.M.

Black Hills Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) today announced that its board of directors approved a quarterly dividend of $0.676 per share, an increase of $0.026 per share over last quarter's dividend. Common shareholders of record at the close of business on Feb. 18, 2025, will receive $0.676 per share, payable March 1, 2025.
"This dividend increase reflects the confidence we have in our team, strategy and long-term growth," said Linn Evans, president and CEO of Black Hills Corp.&nbsp;
The new annualized rate represents 55 consecutive years of annual dividend increases and is the second longest track record in the electric and natural gas utility industry.
This dividend announcement marks 83 consecutive years that Black Hills has paid annual dividends, starting in February 1942 when its predecessor company, Black Hills Power &amp; Light Company, was newly incorporated.

Dividends

Black Hills Corp. Announces Increase In Quarterly Dividend From $0.65 To $0.676 Per Share

The approximately 260-mile transmission project will support current and growing energy needs of the company's Wyoming customers, including data centers, while reducing dependence on third-party transmission systems.&nbsp;

Black Hills Says Wyoming Electric Utility Has Successfully Placed In Service The Initial 12-mile Segment

Scotiabank analyst Andrew Weisel maintains Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) with a Sector Perform and raises the price target from $63 to $67.

Price Target

Analyst Ratings

Scotiabank Maintains Sector Perform on Black Hills, Raises Price Target to $67

Black Hills Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) today announced that its Iowa natural gas utility, Black Hills/Iowa Gas Utility Company, LLC, doing business as Black Hills Energy, received approval from the Iowa Utilities Commission of a settlement agreement for new rates. The new rates are designed to recover approximately $100 million of pipeline system investments since the utility's last general rate filing in 2021.
"We are pleased to receive approval of a settlement that supports our commitment to our Iowa customers and communities to deliver safe and reliable natural gas service," said Linn Evans, president and CEO of Black Hills Corp. "Our investments made on behalf of our customers are essential to supporting continued resilience of our Iowa natural gas system."
The approved black box settlement agreement will generate approximately $15 million of new annual revenues based on a weighted average cost of capital of 7.21%. In January 2025, final approved rates will replace interim rates in place since May 11, 2024.

Black Hills Energy Received Approval From The Iowa Utilities Commission Of A Settlement Agreement For New Rates. The New Rates Are Designed To Recover ~$100M Of Pipeline System Investments Since The Utility's Last General Rate Filing In 2021; The Approved Black Box Settlement Agreement Will Generate ~$15M Of New Annual Revenues Based On A Weighted Average Cost Of Capital Of 7.21%

2024 EARNINGS GUIDANCE REAFFIRMED
Black Hills reaffirms its guidance issued on Feb. 7, 2024, for 2024 earnings per share available for common stock to be in the range of $3.80 to $4.00, which was based on the following assumptions:
<ul>
<li>Normal weather conditions within our utility service territories including temperatures, precipitation levels and wind conditions;</li>
<li>Normal operations and weather conditions for planned construction, maintenance and/or capital investment projects;</li>
<li>Constructive and timely outcomes of utility regulatory dockets;</li>
<li>No significant unplanned outages at our generating facilities;</li>
<li>Equity issuance of $170 million to $190 million through the at-the-market equity offering program; and</li>
<li>Production tax credits of approximately $18 million associated with wind generation assets.</li>
</ul>
During the first nine months of 2024, Black Hills issued equity within the forecasted range, completed the sale of production tax credits, and mitigated the financial impacts of mild weather and unplanned generation outages.

Guidance

Black Hills Corp Sees FY24 EPS $3.80-$4.00 Vs $3.92 Est.

Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) reported quarterly earnings of $0.35 per share which missed the analyst consensus estimate of $0.52 by 32.69 percent. This is a 47.76 percent decrease over earnings of $0.67 per share from the same period last year. The company reported quarterly sales of $401.60 million which missed the analyst consensus estimate of $446.19 million by 9.99 percent. This is a 1.35 percent decrease over sales of $407.10 million the same period last year.

Earnings

Earnings Misses

Black Hills Q3 EPS $0.35 Misses $0.52 Estimate, Sales $401.60M Miss $446.19M Estimate

BofA Securities analyst Ross Fowler reinstated coverage on four US utilities in the Great Plains.
The analyst reinstated the Buy rating at Evergy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>) and MDU Resources Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>).
Meanwhile, Fowler reinstated the Neutral rating on OGE Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) and Underperform rating on Black Hills Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>).
EVRG: The analyst reinstated Buy rating with a <a href="https://www.benzinga.com/quote/evrg/analyst-ratings" target="_blank" rel="noreferrer noopener">price target at $66</a>. The analyst says that despite trading at a 10% discount compared to peers on a 2026E P/E basis, the improving Kansas regulatory environment, which supports higher rate base growth, appears undervalued.
The analyst estimates FY24, FY25 and FY26E EPS at $3.86, $4.09 and $4.30, respectively, all above consensus.&nbsp;&nbsp;
Fowler writes that consensus EPS estimates for FY26 and FY27 remain largely unchanged despite the benefits from House Bill 2527.
MDU: The analyst reinstated Buy rating with a <a href="https://www.benzinga.com/quote/mdu/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of $28</a>. Fowler believes the current 15% discount to the electric utility peer group is unjustified, considering MDU&#8217;s ongoing transition to a pure-play regulated utility and pipeline operator, along with its projected 6-8% EPS growth rate through the planning period.
Although the company&#8217;s multi-jurisdictional presence may lead to some delays in recovery, the analyst expects sustained support for earned ROEs at the electric utility, driven by a strong pipeline of data center customer connections in areas experiencing transmission congestion.
Also Read: <a href="https://www.benzinga.com//node/40112086" target="_blank" rel="noreferrer noopener">August Heat Wave Grips US: 12 Stocks To Watch As Blistering Temperatures Affect Nearly 150 Million Americans</a>
OGE: The analyst <a href="https://www.benzinga.com/quote/oge/analyst-ratings" target="_blank" rel="noreferrer noopener">reinstated Neutral rating with a $40 price target</a>. While the analyst values OGE&#8217;s execution and growth potential from data center and crypto-mining load, the challenging regulatory environment in Oklahoma and significant capital investments needed for resource adequacy present risks.
Fowler expects EPS estimates of $2.14, $2.28, and $2.43 for FY24, FY25, and FY26, respectively, in line with consensus estimates.
BKH: The analyst <a href="https://www.benzinga.com/quote/bkh/analyst-ratings">reinstated Underperform rating with a $59 price target</a>. The analyst says that BKH&#8217;s electric utility operations are poised for growth with rising residential, commercial, and data center load, which currently contributes 5% to EPS and is expected to exceed 10% by 2028.
Fowler expects rate base expansion opportunities in South Dakota and Colorado to support a 7%+ CAGR. However, $1.6 billion in debt maturities from 2023 to 2028, with a 3.03% average interest rate, could create a ~$0.50 EPS headwind, exacerbating risks given BKH&#8217;s already low 4-6% target EPS CAGR, adds the analyst.
Fowler anticipates EPS estimates of $3.88, $4.13, and $4.35 for FY24, FY25, and FY26, below the consensus estimates of $3.92, $4.14, and $4.40, respectively.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40839765" target="_blank" rel="noreferrer noopener">GM Eyes US-Made Chinese Batteries In Deal With Japan&#8217;s TDK: Report</a></li>
</ul>

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Evergy, MDU Set For Growth But Black Hills Faces EPS Headwinds, Says BofA Analyst

Scotiabank analyst Andrew Weisel maintains Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) with a Sector Perform and raises the price target from $54 to $63.

Scotiabank Maintains Sector Perform on Black Hills, Raises Price Target to $63

Wells Fargo analyst Sarah Akers maintains Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) with a Equal-Weight and raises the price target from $61 to $64.

Wells Fargo Maintains Equal-Weight on Black Hills, Raises Price Target to $64

A heat wave is set to sweep across several regions of the United States as 2024 shapes up to be one of the <a href="https://www.benzinga.com/markets/equities/24/07/39583371/july-fourth-heat-california-faces-blackout-and-fire-risks-this-week-during-triple-digit-temperat">hottest years on record</a>.
The Forecast: Nearly 150 million Americans are under heat warnings or watches on Thursday, <a href="https://www.weather.gov/images/crh/dhs/wwa_population.png">per</a> the National Weather Service.
<a href="https://www.axios.com/2024/08/01/heat-wave-intensifies-worsening-wildfires">According</a> to Axios, temperatures will exceed 110 degrees in several areas of the country until Aug. 7 — Texas, Oklahoma, Nebraska, Kansas, North and South Dakota, Eastern Washington, inland California and Western Missouri.
There are also excessive heat warnings in regions of Oregon, Montana, Arkansas, Illinois, Mississippi and Tennessee.
The <a href="https://www.axios.com/2024/07/25/wildfires-california-canada-evacuations-jasper">ongoing</a> Park Fire in California is the fifth-largest forest fire in the state&#8217;s history. The fire&#8217;s origin is <a href="https://www.axios.com/2024/07/25/wildfires-california-canada-evacuations-jasper">attributed</a> to extreme heat and dry weather conditions.
The scorching hot temperatures are not just a public health risk. It will also affect several companies with operations in the U.S.
Market Implications: The earth&#8217;s rising temperatures have drastically affected the energy industry, as heat causes outages and operational strain. The use of electricity tends to go up — <a href="https://www.benzinga.com/top-stories/24/07/40043897/household-energy-bills-rose-over-50-in-3-states-over-past-5-years-but-remained-stable-in-this-region">along with prices</a> — during heat waves as residents stay inside and use air conditioning. Here are a few companies that will invariably be affected:
<ul>
<li>Black Hills Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) is a large utility company operating in Nebraska, Kansas and Arkansas — three of the most affected states this week.</li>
<li>OGE Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) is the largest utilities provider in Oklahoma.</li>
<li>Evergy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>) is the largest electricity provider in Kansas.</li>
<li>PG&amp;E Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) operates in California and has taken several wildfire-related losses in the past decade.</li>
</ul>
Home improvement retailers Lowe&#8217;s Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) and Home Depot Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) may see increased demand for air conditioning units. Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) also sells air conditioners. 
Generac Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) manufactures generators. Home and industrial generators typically see increased demand following extreme weather events.
The heatwave will also affect the agriculture and food industries:
<ul>
<li>Meat producer Tyson Foods Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) has operational centers in several affected states.</li>
<li>There may be an increase in demand for irrigation equipment and heat-resistant machinery manufactured by Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) and Agco Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGCO#NYSE">AGCO</a>)</li>
<li>Corteva Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTVA#NYSE">CTVA</a>) sells crop protection products that help farmers manage drought-induced crop loss.</li>
</ul>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40103631/us-manufacturing-activity-decreases-for-fourth-straight-month-hits-8-month-low-co">US Manufacturing Activity Decreases For Fourth Straight Month, Hits 8-Month Low: &#8216;Companies Show An Unwillingness To Invest In Capital&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

August Heat Wave Grips US: 12 Stocks To Watch As Blistering Temperatures Affect Nearly 150 Million Americans

Black Hills Corp. Affirms 2024 EPS Guidance $3.80-$4.00

Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.29 by 13.79 percent. The company reported quarterly sales of $402.600 million which missed the analyst consensus estimate of $497.510 million by 19.08 percent. This is a 2.12 percent decrease over sales of $411.300 million the same period last year.

Earnings Beats

Black Hills Q2 2024 GAAP EPS $0.33 Beats $0.29 Estimate, Sales $402.600M Miss $497.510M Estimate

Black Hills Partners With Meta To Provide Power For New Data Center In Cheyenne, Wyoming; Service To Be Provided By Cheyenne Light, Fuel & Power Company, A Division Of Black Hills Energy

Mizuho analyst Anthony Crowdell maintains Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) with a Neutral and raises the price target from $53 to $57.

Mizuho Maintains Neutral on Black Hills, Raises Price Target to $57

Wells Fargo analyst Sarah Akers maintains Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) with a Equal-Weight and raises the price target from $56 to $61.

Wells Fargo Maintains Equal-Weight on Black Hills, Raises Price Target to $61

Black Hills Affirms FY24 EPS $3.80-$4.00

Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) reported quarterly earnings of $1.87 per share which beat the analyst consensus estimate of $1.83 by 2.19 percent. The company reported quarterly sales of $726.400 million which beat the analyst consensus estimate of $683.040 million by 6.35 percent. This is a 21.15 percent decrease over sales of $921.200 million the same period last year.

Black Hills Q1 2024 GAAP EPS $1.87 Beats $1.83 Estimate, Sales $726.400M Beat $683.040M Estimate

Scotiabank analyst Andrew Weisel maintains Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) with a Sector Perform and lowers the price target from $58 to $54.

Scotiabank Maintains Sector Perform on Black Hills, Lowers Price Target to $54

Black Hills Reaffirms 2024 EPS $3.80-$4.00 Vs $3.90 Est.

Scotiabank analyst Andrew Weisel maintains Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) with a Sector Perform and raises the price target from $57 to $58.

Scotiabank Maintains Sector Perform on Black Hills, Raises Price Target to $58

In a report released yesterday, Sarah Akers from Wells Fargo maintained a Hold rating on Black Hills (BKH – Research Report). The company's shares ...

Wells Fargo Keeps Their Hold Rating on Black Hills (BKH)

Black Hills Corporation: Double Digit Upside Potential

Buy 3 'Safer' Dividend Kings Of 25 From 53 For January

Black Hills (BKH) announced that its Wyoming electric utility has successfully placed in service the initial 12-mile segment and supporting substat...

Black Hills energizes first phase of Ready Wyoming transmission project

In a report released on January 13, Shelby Tucker from RBC Capital maintained a Hold rating on Black Hills (BKH – Research Report), with a price ta...

RBC Capital Remains a Hold on Black Hills (BKH)

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