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Black Hills Corporation (BKH)

Utilities | Utilities - Regulated Gas | Rapid City, United States | NYSE
72.80 USD -0.62 (-0.844%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 72.80

Short-term:★★⯪☆☆Long-term:★★★☆☆Dividends:★★★⯪☆
Hot Take | Aug. 22, 2026, 4:10 a.m. EDT

Black Hills Corporation presents a classic defensive utility profile with a robust 3.84% yield and a payout ratio of roughly 69%, ensuring the income is sustainable without eroding capital. The business fundamentals are sound, evidenced by a 38.9% surge in quarterly earnings and a positive multi-year price trajectory that has recovered from previous lows. However, the stock is currently weighed down by a massive short interest of nearly 16% and a negative short ratio, which creates a persistent overhang despite the 'strong buy' analyst consensus. While the recent price action shows some resilience, the statistical forecast models indicate a negligible downward drift over the next month, and the heavy put positioning suggests traders are wary of a breakdown. This tension between solid long-term earnings growth and short-term technical weakness keeps the near-term outlook neutral.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.017316
AutoETS0.017350
AutoARIMA0.017351
MSTL0.017873
MSTL_840.019112
MSTL_84_1050.022919
MSTL_1050.024451

Forecast horizon: 60 days | Selected: AutoTheta

Forecast Reliability
Score 45%
H-stat 0.47
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 2.18
Attribute Value
Sector Utilities
Ex Dividend Date 2026-08-16
Last Dividend Date 2026-08-16
Debt to Equity Ratio 111.686
Revenue per Share 30.719
Market Cap 5,551,228,928
Trailing P/E 18.48
Forward P/E 15.78
Beta 0.70
Profit Margins 13.01%
Website https://ir.blackhillscorp.com

As of Aug. 22, 2026, 4:10 a.m. EDT: Speculators are positioning for a range-bound scenario with heavy out-of-the-money call interest at the $75 strike, suggesting a bullish bias if the stock breaks resistance. However, significant put open interest sits deep in the money at the $60 and $45 strikes, indicating a floor or hedging strategy against a deeper decline rather than a pure bearish bet.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.96% 3.85% 4.35% 4.08%
Dividend History
Date Dividend Yield %
2026-08-17 0.703000 0.957896
2026-05-15 0.703000 0.965129
2026-02-17 0.703000 0.955553
2025-11-17 0.676000 0.972102
2025-08-18 0.676000 1.120133
2025-05-16 0.676000 1.155753
2025-02-18 0.676000 1.143244
2024-11-18 0.650000 1.032402
2024-08-19 0.650000 1.130828
2024-05-16 0.650000 1.141753
2024-02-15 0.650000 1.241406
2023-11-16 0.625000 1.223092
2023-08-17 0.625000 1.125923
2023-05-17 0.625000 0.986894
2023-02-13 0.625000 0.981162
2022-11-16 0.625000 0.933254
2022-08-17 0.595000 0.755652
2022-05-17 0.595000 0.785479
2022-02-11 0.595000 0.892589
2021-11-16 0.595000 0.921195
2021-08-17 0.565000 0.780926
2021-05-17 0.565000 0.855542
2021-02-11 0.565000 0.913353
2020-11-16 0.565000 0.868162
2020-08-17 0.535000 0.923847
2020-05-15 0.535000 0.956895
2020-02-13 0.535000 0.630450
2019-11-15 0.535000 0.707766
2019-08-16 0.505000 0.654399
2019-05-16 0.505000 0.666755
2019-02-14 0.505000 0.726305
2018-11-16 0.505000 0.796781
2018-08-17 0.475000 0.775764
2018-05-17 0.475000 0.845196
2018-02-14 0.475000 0.917697
2017-11-16 0.475000 0.800742
2017-08-16 0.445000 0.636533
2017-05-16 0.445000 0.650680
2017-02-13 0.445000 0.719366
2016-11-15 0.420000 0.715746
2016-08-16 0.420000 0.725013
2016-05-16 0.420000 0.698022
2016-02-11 0.420000 0.813323
2015-11-13 0.405000 0.920455
2015-08-14 0.405000 0.959943
2015-05-14 0.405000 0.861519
2015-02-11 0.405000 0.820835
2014-11-13 0.390000 0.716648
2014-08-13 0.390000 0.753478
2014-05-14 0.390000 0.695683
2014-02-12 0.390000 0.719159
2013-11-13 0.380000 0.741898
2013-08-14 0.380000 0.736149
2013-05-15 0.380000 0.770166
2013-02-13 0.380000 0.925700
2012-11-14 0.370000 1.091445
2012-08-15 0.370000 1.171999
2012-05-16 0.370000 1.147287
2012-02-14 0.370000 1.081239
2011-11-15 0.365000 1.113824
2011-08-16 0.365000 1.242342
2011-05-16 0.365000 1.183144
2011-02-11 0.365000 1.196329
2010-11-15 0.360000 1.208459
2010-08-16 0.360000 1.169211
2010-05-14 0.360000 1.170351
2010-02-10 0.360000 1.392111
2009-11-13 0.355000 1.484114
2009-08-14 0.355000 1.365385
2009-05-14 0.355000 1.789315
2009-02-11 0.355000 1.586947
2008-11-12 0.350000 1.468121
2008-08-13 0.350000 1.065773
2008-05-14 0.350000 0.977654
2008-02-13 0.350000 0.910747
2007-11-14 0.350000 0.858685
2007-08-15 0.340000 0.843882
2007-05-16 0.340000 0.832313
2007-02-13 0.340000 0.860542
2006-11-15 0.330000 0.931677
2006-08-16 0.330000 0.945559
2006-05-16 0.330000 0.954309
2006-02-13 0.330000 0.960140
2005-11-15 0.320000 0.840999
2005-08-16 0.320000 0.814249
2005-05-16 0.320000 0.933761
2005-02-11 0.320000 1.024984
2004-11-15 0.310000 0.994546
2004-08-12 0.310000 1.151133
2004-05-13 0.310000 1.075642
2004-02-12 0.310000 1.043771
2003-11-12 0.300000 0.937500
2003-08-13 0.300000 0.961538
2003-05-16 0.300000 1.081861
2003-02-12 0.300000 1.347709
2002-11-13 0.290000 1.225180
2002-08-14 0.290000 1.111111
2002-05-15 0.290000 0.826446
2002-02-13 0.290000 0.997935
2001-11-15 0.280000 0.944032
2001-08-14 0.280000 0.778210
2001-05-16 0.280000 0.517082
2001-02-14 0.280000 0.714286
2000-11-15 0.270000 0.929032
2000-08-16 0.270000 1.058824
2000-05-10 0.270000 1.177112
2000-02-09 0.270000 1.077307
1999-11-09 0.260000 1.198847
1999-08-11 0.260000 1.034826
1999-05-12 0.260000 1.133515
1999-02-10 0.260000 1.106383
1998-11-10 0.250000 0.970874
1998-08-12 0.250000 1.063830
1998-05-13 0.250000 1.101928
1998-02-11 0.250000 1.102941
1997-11-12 0.236667 1.185806
1997-08-13 0.236667 1.259425
1997-05-14 0.236667 1.302754
1997-02-12 0.236667 1.285070
1996-11-13 0.230000 1.386935
1996-08-14 0.230000 1.475936
1996-05-15 0.230000 1.415385
1996-02-14 0.230000 1.373134
1995-11-08 0.220000 1.333333
1995-08-09 0.220000 1.427027
1995-05-08 0.220000 1.590361
1995-02-06 0.220000 1.396825
1994-11-04 0.220000 1.670886
1994-08-08 0.220000 1.692308
1994-05-09 0.220000 1.580838
1994-02-07 0.220000 1.534884
1993-11-05 0.213333 1.422220
1993-08-09 0.213333 1.267325
1993-05-10 0.213333 1.230767
1993-02-08 0.213333 1.219046
1992-11-06 0.206667 1.192310
1992-08-10 0.206667 1.087721
1992-05-11 0.206667 0.995986
1992-02-04 0.206667 1.166146
1991-11-04 0.195556 1.248230
1991-08-12 0.195556 1.239439
1991-05-06 0.195556 1.205482
1991-02-04 0.195556 1.413658
1990-11-05 0.182222 1.576921
1990-08-06 0.182222 1.490907
1990-05-07 0.182222 1.504585
1990-02-05 0.182222 1.518517
1989-11-13 0.168889 1.375567
1989-08-14 0.168889 1.304722
1989-05-08 0.168889 1.490197
1989-02-06 0.168889 1.490197
1988-11-04 0.155556 1.302329
1988-08-08 0.155556 1.272731
1988-05-09 0.155556 1.386143
1988-02-08 0.155556 1.458337
1986-11-07 0.126667 1.163268
1986-08-11 0.126667 1.106799
1986-05-12 0.126667 1.239134
1986-02-03 0.126667 1.333337
Additional Data
dividendRate 2.81
dividendYield 3.83
exDividendDate 2026-08-17
trailingAnnualDividendRate 2.758
trailingAnnualDividendYield 0.037564695
lastDividendValue 0.703
lastDividendDate 2026-08-17
dividendDate 2026-09-01

Info Dump

Attribute Value
52 Week Change 0.22065723
Address1 7,001 Mount Rushmore Road
All Time High 87.12
All Time Low 1.25
Ask 73.34
Ask Size 200
Audit Risk 3
Average Daily Volume10 Day 743,160
Average Daily Volume3 Month 911,795
Average Volume 911,795
Average Volume10Days 743,160
Beta 0.695
Bid 72.46
Bid Size 100
Board Risk 1
Book Value 51.712
City Rapid City
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 72.8
Current Ratio 0.523
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 73.97
Day Low 72.47
Debt To Equity 111.686
Display Name Black Hills
Dividend Date 1,788,220,800
Dividend Rate 2.81
Dividend Yield 3.83
Earnings Call Timestamp End 1,786,028,400
Earnings Call Timestamp Start 1,786,028,400
Earnings Growth 0.316
Earnings Quarterly Growth 0.389
Earnings Timestamp 1,785,960,000
Earnings Timestamp End 1,793,822,400
Earnings Timestamp Start 1,793,822,400
Ebitda 839,200,000
Ebitda Margins 0.36498
Enterprise To Ebitda 11.98
Enterprise To Revenue 4.373
Enterprise Value 10,053,928,960
Eps Current Year 4.338
Eps Forward 4.612
Eps Trailing Twelve Months 3.94
Esg Populated 0
Ex Dividend Date 1,786,924,800
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 73.6992
Fifty Day Average Change -0.89920044
Fifty Day Average Change Percent -0.012200952
Fifty Two Week Change Percent 22.065723
Fifty Two Week High 78.69
Fifty Two Week High Change -5.8899994
Fifty Two Week High Change Percent -0.07485067
Fifty Two Week Low 58.06
Fifty Two Week Low Change 14.740002
Fifty Two Week Low Change Percent 0.25387532
Fifty Two Week Range 58.06 - 78.69
Financial Currency USD
First Trade Date Milliseconds 99,239,400,000
Five Year Avg Dividend Yield 3.98
Float Shares 75,880,263
Forward Eps 4.612
Forward P E 15.784909
Free Cashflow -77,750,000
Full Exchange Name NYSE
Full Time Employees 2,795
Fullday Change -0.619995
Fullday Change Percent -0.84445
Fullday Price 72.8
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.39716
Gross Profits 913,200,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00482
Held Percent Institutions 1.04475
Implied Shares Outstanding 76,253,141
Industry Utilities - Regulated Gas
Industry Disp Utilities - Regulated Gas
Industry Key utilities-regulated-gas
Ir Website http://www.blackhillscorp.com/ir/ir.htm
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,786,924,800
Last Dividend Value 0.703
Last Fiscal Year End 1,767,139,200
Last Split Date 889,574,400
Last Split Factor 3:2
Long Business Summary Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates through the Electric Utilities and Gas Utilities segments. The Electric Utilities segment engages in the generation, transmission, and distribution of electricity to electric utility customers in Colorado, Montana, South Dakota, and Wyoming; ownership and operation of 1,386 megawatts of generation capacity, and 9,478 miles of electric transmission and distribution lines; sale of excess power to other utilities and marketing companies; and ownership and operation of non-regulated power generation and mining assets. Its Gas Utilities segment is involved in the distribution of natural gas to approximately 1,138,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; ownership and operation of 4,581 miles of intrastate gas transmission pipelines; 44,840 miles of gas distribution mains and service lines; seven natural gas storage sites; and approximately 50,000 horsepower of compression and 494 miles of gathering lines. The company also provides non-regulated services to its retail customers, including Service Guard Comfort Plan, which provides home appliance repair services through on-going monthly service agreements to residential utility customers; Tech Services, which include construction and maintenance of customer-owned gas infrastructure facilities, as well as electrical system construction services; and HomeServe, which are additional home repair service plans for natural gas residential customers. In addition, the company produces electric power through wind, natural gas, and coal-fired generating plants, as well as coal at its coal mine located near Gillette, Wyoming. Black Hills Corporation was incorporated in 1941 and is headquartered in Rapid City, South Dakota.
Long Name Black Hills Corporation
Market us_market
Market Cap 5,551,228,928
Market State CLOSED
Max Age 86,400
Message Board Id finmb_255902
Most Recent Quarter 1,782,777,600
Net Income To Common 299,100,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 5,598,505,612
Number Of Analyst Opinions 5
Open 73.87
Operating Cashflow 628,300,032
Operating Margins 0.21422
Overall Risk 2
Payout Ratio 0.6947
Peg Ratio 2.7
Phone 605 721 1700
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 72.8
Post Market Time 1,787,960,061
Previous Close 73.42
Price Eps Current Year 16.781929
Price Hint 2
Price To Book 1.4077971
Price To Sales Trailing12 Months 2.4143126
Profit Margins 0.13008
Quick Ratio 0.265
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.619995
Regular Market Change Percent -0.84445
Regular Market Day High 73.97
Regular Market Day Low 72.47
Regular Market Day Range 72.47 - 73.97
Regular Market Open 73.87
Regular Market Previous Close 73.42
Regular Market Price 72.8
Regular Market Time 1,787,947,202
Regular Market Volume 600,537
Return On Assets 0.0322
Return On Equity 0.07958
Revenue Growth 0.031
Revenue Per Share 30.719
Sand P52 Week Change 0.20204377
Sector Utilities
Sector Disp Utilities
Sector Key utilities
Share Holder Rights Risk 5
Shares Outstanding 76,253,141
Shares Percent Shares Out 0.1245
Shares Short 9,491,221
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 9,473,494
Short Name Black Hills Corporation
Short Percent Of Float 0.1657
Short Ratio 12.67
Source Interval 15
State SD
Symbol BKH
Target High Price 87.0
Target Low Price 80.0
Target Mean Price 84.8
Target Median Price 86.0
Total Cash 71,500,000
Total Cash Per Share 0.938
Total Debt 4,493,899,776
Total Revenue 2,299,300,096
Tradeable 0
Trailing Annual Dividend Rate 2.758
Trailing Annual Dividend Yield 0.037564695
Trailing Eps 3.94
Trailing P E 18.477158
Trailing Peg Ratio 2.7039
Triggerable 1
Two Hundred Day Average 72.6003
Two Hundred Day Average Change 0.1996994
Two Hundred Day Average Change Percent 0.002750669
Type Disp Equity
Volume 600,537
Website https://ir.blackhillscorp.com
Zip 57,702