BKH — Black Hills Corporation

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About Black Hills Corporation

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 c… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$74.50
Market Cap$5.65B
Float75.8M
Shares Outstanding76.1M
P/E (Forward)17.12
P/E (TTM)19.31
Price/Sales (TTM)2.47
vs. Analyst Target+11.4% to analyst PT
Profit Margin12.61%
Operating Margin (TTM)25.86%
Revenue (TTM)$2.29B
Earnings Growth (YoY)-7.50%
Dividend Rate2.8%
Analyst Target Price$83.00 (6 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $1.70B $228M $709M $645M
2021 $1.95B $237M $706M $649M
2022 $2.55B $258M $773M $710M
2023 $2.33B $262M $796M $738M
2024 $2.13B $273M $840M $785M
2025 $2.31B $292M $889M $827M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $439M $27.5M
Sep 2025 $430M $24.9M
Dec 2025 $636M $105M
Mar 2026 $781M $131M

Ownership & Float

Insider Ownership0.5%
Institutional Ownership102.3%
Short Float12.7%
% of All Funds Holding5.34%
Number of Funds Holding439

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$73.59Near-term / short-term trend
Weekly40-Week SMA$69.40Medium-term trend
Weekly80-Week SMA$64.26Cyclical trend (business cycle)
Weekly200-Week SMA$61.77Secular trend (multi-year)
Monthly10-Month SMA$69.39Near-term monthly trend
Monthly20-Month SMA$64.47Medium-term monthly trend
Monthly40-Month SMA$60.59Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$70.00 support 1.10x 0 months ago
$64.00 support 1.97x 5 months ago
$52.00 support 1.03x 25 months ago

Historical Earnings Reactions (118 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.13% 0.03% 51.69% 5.41% -10.59%
1 Day -0.12% 0.02% 50.00% 8.64% -12.88%
1 Week -0.26% -0.10% 48.31% 8.63% -16.60%
2 Weeks -0.53% -1.33% 42.37% 14.58% -25.14%
1 Month 0.25% 0.71% 53.85% 16.70% -44.39%

Next earnings: July 25, 2026 (58 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan0.2%54.9%51
Feb-0.6%51.0%51
Mar1.7%56.9%51
Apr2.8%68.6%51
May0.1%48.0%50
Jun-0.7%44.0%50
Jul2.2%72.0%50
Aug0.0%48.0%50
Sep-0.6%44.0%50
Oct-0.1%52.0%50
Nov0.8%48.0%50
Dec4.2%70.6%51

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.03% 45.8% 2384
Tuesday 0.05% 46.2% 2587
Wednesday 0.03% 45.7% 2587
Thursday 0.03% 45.0% 2537
Friday 0.07% 45.8% 2524

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 102.3%

Insider Transactions — Smart Summary

Total insider ownership: 0.5%

12-Month Insider Activity Summary

Total Filings10
Net Value-$1.0M
Net Shares Change-11,631
% of Float-0.0%
C-Suite Filings1
Clusters Detected1

Key Insiders

NameTitleNet ValueFilingsActivity
Nooney Kimberly F SVP and CFO -$1.0M 1 1 sell
Granger Barry M +N/A 1 1 buy
Waleski Anne G +N/A 1 1 buy
Taylor Teresa +N/A 1 1 buy
Prochazka Scott M +N/A 1 1 buy
Otto Robert P +N/A 1 1 buy
McAllister Kathleen S +N/A 1 1 buy
MILLS STEVEN RICHARD +N/A 1 1 buy

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2026-02-04 – 2026-02-06 9 9 +N/A

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-02-06 Granger Barry M +N/A N/A
2026-02-04 Waleski Anne G +N/A N/A
2026-02-04 Taylor Teresa +N/A N/A
2026-02-04 Prochazka Scott M +N/A N/A
2026-02-04 Otto Robert P +N/A N/A
2026-02-04 McAllister Kathleen S +N/A N/A

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Black Hills Corporation (BKH) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for BKH on Trend Edge →