Stocktoria
BLACK HILLS CORP /SD/ BKH
BLACK HILLS CORP /SD/ (BKH) earns a Piotroski F-score of 5/9 (mixed financial health), with an Altman Z″ in the grey zone. It pays a dividend yielding 3.42% (safety: stretched). FY2025 revenue was $2.3B at a 12.6% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-06-11 | B of A Securities | Buy (up) |
| 2026-04-15 | BMO Capital | Outperform (main) |
| 2026-04-09 | B of A Securities | Neutral (main) |
| 2026-04-01 | Ladenburg Thalmann | Buy (init) |
| 2026-02-09 | BMO Capital | Outperform (main) |
| 2026-01-27 | BMO Capital | Outperform (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Transportation & Utilities · percentile among 348 companies
Percentile vs other Transportation & Utilities companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 5/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · grey zone
| Component | Value |
|---|---|
| Working capital / assets | 0.024 |
| Retained earnings / assets | 0.124 |
| EBIT / assets | 0.049 |
| Equity / liabilities | 0.561 |
Sector peers · similar-size Transportation & Utilities companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| BKH | BLACK HILLS CORP /SD/ | 5/9 | 1.48 | 19.9 | +8.6% |
| AQN | ALGONQUIN POWER & UTILITIES CORP. | 6/9 | 0.14 | 36.1 | +4.9% |
| TXNM | TXNM ENERGY INC | 3/9 | 0.65 | — | +9.9% |
| IDA | IDACORP INC | 5/9 | 1.49 | 26.2 | -1.2% |
| HE | HAWAIIAN ELECTRIC INDUSTRIES INC | 5/9 | 0.5 | 18.6 | -4.1% |
| CWEN | Clearway Energy, Inc. | 4/9 | 0.73 | 45.8 | +4.2% |
| OGE | OGE ENERGY CORP. | 6/9 | 1.64 | 21.7 | +9.2% |
All Transportation & Utilities companies →
About BLACK HILLS CORP /SD/
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.
FAQ
Is BKH financially healthy?
BLACK HILLS CORP /SD/'s Piotroski F-score is 5/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the grey zone.
Does BKH pay a dividend, and is it safe?
Yes. BLACK HILLS CORP /SD/ pays a dividend yielding about 3.42% with a 67.9% payout ratio, rated “stretched” for safety.
How profitable is BKH?
In FY2025, BLACK HILLS CORP /SD/ had a net margin of 12.6% and a return on equity of 7.5%.
Is BKH overvalued or undervalued?
BLACK HILLS CORP /SD/ trades at about 18.4× trailing earnings — near its 10-year norm (10-year range 13.2×–45.7×, median 18.1×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for BKH?
The average Wall-Street price target for BLACK HILLS CORP /SD/ is $83.40, about 14.0% above the recent price, from 5 analysts.
Is BKH a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on BLACK HILLS CORP /SD/: a Piotroski F-score of 5/9, an Altman Z″ in the grey zone, a P/E of about 19.9×, a dividend yield of 3.42%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.