Insider buying last 90 days
No open-market insider purchases were filed for BKH in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every BKH insider filing, plotted on the chart in Gekko.Open BKH in Gekko
NYSE: BKH
Black Hills (BKH) Stock Analysis & Forecast
Sep 28 close
$69.73−0.73 (−1.0%)
Gekko Brief
AI summaryBlack Hills this week draws attention on analyst sentiment and second-quarter results. The company reported second-quarter EPS of $0.54, beating the consensus estimate, though revenue of $452.8 million fell short of expectations, and the stock fell 1.76% to $70.51 after the report. B of A Securities maintained a Buy rating and raised its price target to $97.00 from $87.00, citing growing conviction in Wyoming's data center opportunities, and the stock carries a consensus "Buy" rating from analysts with an average 12-month price target of $83.33. Black Hills Energy also awarded over $33,000 in safety grants to Colorado fire departments.
The stock closes at $69.73, down 1% on the day, sitting below both its 50-day average of $72.63 and its 200-day average of $72.66, with the 50-day below the 200-day. Over the past month the shares are down 5%, and over three months down 7.3%, though the one-year return stands at 16.2%. The GekkoIndex reads 65.1, placing the stock in the Accumulation zone. Price sits 10.9% below Gekko Fair Value of $78.22.
Over the next 20 trading days, the next earnings date falls on 4 November 2026, 36 days away and outside a typical holding window. No insider, Congress or unusual options activity appears in the recent windows. Seasonality from this point in the calendar has averaged -0.2% over the next 20 trading days across 5 years, rising in 2 of them. The consensus among 3 covering firms remains entirely Buy-rated, with a consensus target implying 24.2% upside.
Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.
Black Hills price vs fair value
Close $69.73200-day averageGekko Fair Value $78.22
Black Hills quick facts
- Market cap
- $5.31B
- P/E ratio
- 17.8
- Forward P/E
- 15
- EPS, TTM
- $3.97
- Revenue, TTM
- $2.30B
- Profit margin
- 13%
- Dividend yield
- 3.94%
- Beta
- 0.69
- Volume
- 1.70M avg 1.02M
- 1-year return
- +16.2%
- Typical daily move
- ±2.3%
- Typical 20-day move
- ±3.6%
- 50-day average
- $72.63
- 200-day average
- $72.66
- Next earnings
- Nov 4
- Shares outstanding
- 76.25M
Black Hills swing-trade checklist
Black Hills scores 3 supportive, 0 mixed and 2 headwinds across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
3 supportive0 mixed2 headwinds
- Trendheadwind
Below 50 and 200-day
Close $69.73 is below the 50-day ($72.63) and 200-day ($72.66) averages, and the 50-day is below the 200-day.
See the chart - GekkoIndexsupportive
65.1, Accumulation
Reading 65.1 is in the Accumulation zone.
See the GekkoIndex - Fair valuesupportive
10.9% below
Price is 10.9% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings risksupportive
Reports in 36 days
Next report Nov 4, 2026, 36 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalityheadwind
−0.2% on average
From this point in the calendar, the next 20 trading days averaged −0.2% over 5 years, rising in 2 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Black Hills stock chart and price history
Black Hills closed at $69.73 on Sep 28, 2026, +16.2% over the past year, inside a 52-week range of $59.33 to $78.69.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −5.0%
- 3 months
- −7.3%
- 6 months
- +1.5%
- 1 year
- +16.2%
The full BKH chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open BKH in Gekko
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About Black Hills
Black Hills supplies electricity and natural gas to households and businesses across several American states through its network of subsidiaries. The company is best known for running two main lines of service: one that generates and delivers electric power, and another that distributes gas to homes and industry. Its electric operations reach customers in Colorado, Montana, South Dakota, and Wyoming, drawing on a mix of wind, natural gas, and coal-fired generation, along with a coal mine near Gillette, Wyoming, while its gas operations serve customers across Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming.
The business is split into an Electric Utilities division and a Gas Utilities division, each built around long networks of transmission and distribution lines, storage facilities, and compression equipment needed to move power and fuel to customers. Alongside these regulated utility services, Black Hills also builds and services gas infrastructure for transportation customers, handles appliance repairs for residential gas and electric subscribers, and constructs electrical systems for large industrial clients.
Black Hills was founded in 1941 and is headquartered in Rapid City, South Dakota. Its shares are listed on the NYSE under the ticker BKH.
- Listed
- NYSE
- Sector
- Utilities
- Industry
- Gas distributors
- Website
- ir.blackhillscorp.com
Black Hills GekkoIndex: the smart money zone
Black Hills’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 65.1, in the Accumulation zone, up 3.5 points over five sessions.
65.1Accumulation
Up 3.5 points over five sessions.
Reading for Sep 28, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 20 | +1.7% | +3.7% | ||
| Accumulation (current zone) | 171 | +1.1% | +3.0% | ||
| Neutral | 452 | 0.0% | +0.4% | ||
| Distribution | 27 | −1.3% | +0.5% | ||
| Selling | 2 | Too few readings yet | |||
Average BKH share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
See every daily GekkoIndex reading plotted over the BKH price, zone by zone.Track BKH in Gekko
Is Black Hills stock overvalued? Gekko Fair Value
Black Hills trades 10.9% below Gekko Fair Value of $78.22, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Black Hills shares are worth, recalculated every trading day.
$78.22
Gekko Fair Value, Sep 29, 2026
10.9% Undervalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open BKH in Gekko
Black Hills insider and Congress trading
No open-market insider purchases were filed for Black Hills, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in BKH were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for BKH, plotted on the chart in Gekko.Open BKH in Gekko
Black Hills earnings: next date and track record
Black Hills reports on Nov 4, 2026 (36 days away), and beat the EPS estimate in 3 of its last 8 reports.
Next earnings report
Nov 4, 2026
36 days away
- EPS estimate
- $0.51
- Revenue estimate
- $517.6M
3 of 8reports beat the EPS estimate
±2.1%average move across the report
7 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Aug 5, 2026 AI summary
- What they said
- Black Hills Corporation's Q2 2026 earnings call highlighted solid operational and financial execution in the first half of 2026. Management emphasized they are on track to achieve full-year earnings guidance, delivered stronger adjusted EPS versus prior year driven by new rates and rider recoveries, and continued execution of a near $1 billion capital plan including the Lange II 99 MW generation project (on schedule for Q4). The company reported a large data center demand pipeline exceeding 3 GW with ~600 MW included in the financial plan through 2030 (notably Microsoft and Meta customers), and advanced negotiations for a 1.8 GW opportunity. Management also reported progress on multiple rate reviews and wildfire mitigation, placed a major Ready Wyoming transmission project in service at end of 2025, and obtained 6 of 7 required approvals for the planned merger with Northwestern Energy. During Q&A, management was confident that Crusoe’s exit did not affect negotiations for the large hyperscale opportunity and provided timing expectations for the Montana regulatory decision (mid‑October to mid‑November). Overall, tone was constructive and focused on execution, with acknowledgement of cost pressures and regulatory/legal considerations.
- Guidance
- Management reiterated they are on track to achieve their full‑year earnings guidance (no numeric revision provided). Specific operational guidance/forecasts mentioned: Lange II generation project to be placed in service in Q4 2026; approximately 600 MW of data center load is included in the company’s financial plan through 2030; Montana regulatory decision expected mid‑October to mid‑November; continued expectation to finalize large‑load commercial agreements by the end of the quarter (but with caveat if delayed).
- Risks flagged
- Higher financing and depreciation costs (noted as headwind); weather variability (Q2 weather slightly unfavorable to normal and YTD weather headwind); regulatory approval risk (multiple ongoing rate reviews and pending Montana decision); unsettled parties opposing aspects of the merger (environmental opponents in Montana); execution risk on complex large‑load commercial agreements; potential need for additional generation/transmission investment if load grows beyond included plan.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Aug 5, 2026 | $0.54 est $0.42 | $452.8M est $490.9M | +0.7% |
| May 6, 2026 | $1.79 est $1.84 | $780.7M est $769.2M | +1.9% |
| Feb 4, 2026 | $1.41 est $1.37 | $635.5M est $648.2M | +0.5% |
| Nov 5, 2025 | $0.45 est $0.45 | $430.2M est $441.0M | +4.8% |
| Jul 30, 2025 | $0.38 est $0.38 | $439.0M est $440.0M | +2.2% |
| May 7, 2025 | $1.87 est $1.92 | $805.2M est $739.2M | −4.3% |
| Feb 5, 2025 | $1.37 est $1.34 | $597.1M est $733.4M | +1.2% |
| Nov 6, 2024 | $0.35 est $0.47 | $401.6M est $446.2M | +1.3% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Black Hills stock forecast and analyst price targets
Analysts’ average 12-month price target for Black Hills is $86.60, +24.2% from the last close, from 3 firms rating the stock in the last 90 days.
$86.60consensus 12-month target, +24.2% from the last close
Now $69.73Avg $86.60
Low $83High $97
Each firm’s latest rating in the last 90 days: 3 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 21 | Bank of America Securities | $97 | +39.1% |
| Sep 9 | BMO Capital | $83 | +19.0% |
| Aug 10 | BMO Capital | $84 | +20.5% |
| Aug 7 | Bank of America Securities | — | — |
| Aug 7 | Scotiabank | $87 | +24.8% |
+3.0%average 20-day move after past Accumulation readings
−0.2%average move over the next 20 trading days in the last 5 years
±2.3%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Black Hills seasonality: the next 20 trading days
Over the next 20 trading days from Sep 29, Black Hills averaged −0.2% across the last 5 years, rising in 2 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | −1.6% | 1 of 5 |
| Next 10 trading days | −2.7% | 2 of 5 |
| Next 15 trading days | −1.0% | 3 of 5 |
| Next 20 trading days | −0.2% | 2 of 5 |
| Next 30 trading days | +3.1% | 2 of 5 |
For scale, BKH’s typical 20-trading-day move in either direction is about 3.6%.
Black Hills market cap and key statistics
Black Hills’s market cap is $5.31B, with a P/E ratio of 17.8 and revenue of $2.30B over the last twelve months.
Valuation
- Market cap
- $5.31B
- P/E ratio
- 17.8
- Forward P/E
- 15
- EPS, TTM
- $3.97
- Gekko Fair Value
- $78.22
Trading
- Volume
- 1.70M
- Avg volume, 20 days
- 1.02M
- 52-week high
- $78.69
- 52-week low
- $59.33
- Shares outstanding
- 76.25M
Financials
- Revenue, TTM
- $2.30B
- Profit margin
- 13%
- Return on equity
- 8%
- Quarterly earnings growth, YoY
- +31.6%
Risk and income
- Beta
- 0.69
- Typical daily move
- ±2.3%
- Typical 20-day move
- ±3.6%
- Dividend yield
- 3.94%
Black Hills stock news this week
Coverage of Black Hills this week reads positive: 6 positive, 1 neutral and 1 negative headlines.
- Black Hills Corporation (NYSE:BKH) Receives Average Recommendation of "Buy" from AnalystsMarketBeat, Sep 28
- Black Hills (BKH) Dividend Yield 2026, Date & History $BKHMarketBeat, Sep 25
- Colorado fire departments receive $33,000 from Black Hills Energy grantsFOX21 News Colorado, Sep 25
- Black Hills Corporation stock falls 1.76 percent after Q2 resultsAD HOC NEWS, Sep 24
- Bank of America Corp DE Invests $42.61 Million in Black Hills Corporation $BKHMarketBeat, Sep 22
- Why Black Hills (NYSE:BKH) Is Back In Focus?Kalkine Media, Sep 21
Black Hills peers
Black Hills’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| TRGPTarga Resources | Accumulation | 7.3% below |
| SRESempra | Buying | 16.1% below |
| CQPCheniere Energy Partners | Accumulation | 33.9% below |
| ATOAtmos Energy | Buying | 10.4% below |
| NINiSource | Buying | 5.1% above |
| SWXSouthwest Gas | Buying | 13.5% below |
A peer links to its own page where one exists.
Black Hills stock FAQ
What is Black Hills’s market cap?
Black Hills’s market cap is $5.31B at the Sep 28, 2026 close of $69.73, with 76.25M shares outstanding. The shares trade on a P/E ratio of 17.8.
What is the Black Hills stock forecast?
The consensus analyst 12-month price target for Black Hills is $86.60, +24.2% from the last close. Of the 3 firms that rated the stock in the last 90 days, 3 rate it a buy, 0 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Black Hills stock overvalued or undervalued?
On Gekko’s estimate Black Hills is undervalued: the Sep 28, 2026 close of $69.73 is 10.9% below Gekko Fair Value of $78.22. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Black Hills report earnings next?
Black Hills is expected to report on Nov 4, 2026 (36 days away). Analysts expect earnings of $0.51 per share on revenue of $517.6M. Black Hills beat the earnings estimate in 3 of its last 8 reports, moving 2.1% on average across the report.
What is Black Hills’s 52-week high and low?
Black Hills’s 52-week high is $78.69 and its 52-week low is $59.33; it closed at $69.73 on Sep 28, 2026, +16.2% over the past year. Over the last five years the shares peaked at $80.95 on Apr 20, 2022.
Is Black Hills stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, fair value and earnings risk) and 2 as headwinds (trend and seasonality). The checklist is a description of current data, not a recommendation.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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