-0.49%
1.63%
1.40%
-0.32%
18.24%
-11.43%
-29.72%
AI Spotlight on BKH
Company Description
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States.It operates in two segments, Electric Utilities and Gas Utilities.The Electric Utilities segment generates, transmits, and distributes electricity to approximately 218,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,481.5 megawatts of generation capacity and 8,892 miles of electric transmission and distribution lines.
The Gas Utilities segment distributes natural gas to approximately 1,094,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; owns and operates 4,732 miles of intrastate gas transmission pipelines; 41,644 miles of gas distribution mains and service lines; six natural gas storage sites; and approximately 50,000 horsepower of compression and 515 miles of gathering lines.The company also constructs and maintains gas infrastructure facilities for gas transportation customers; and provides appliance repair services to residential utility customers, as well as electrical system construction services to large industrial customers.In addition, it produces electric power through wind, natural gas, and coal-fired generating plants; and coal at its coal mine located near Gillette, Wyoming.
The company was incorporated in 1941 and is headquartered in Rapid City, South Dakota.
Market Data
| Last Price | 58.73 |
| Change Percentage | -0.49% |
| Open | 58.84 |
| Previous Close | 59.02 |
| Market Cap ( Millions) | 4203 |
| Volume | 615989 |
| Year High | 65.59 |
| Year Low | 49.34 |
| M A 50 | 59.85 |
| M A 200 | 58.12 |
Financial Ratios
| FCF Yield | 2.14% |
| Dividend Yield | 4.43% |
| ROE | 7.87% |
| Debt / Equity | 123.78% |
| Net Debt / EBIDTA | 569.73% |
| Price To Book | 1.2 |
| Price Earnings Ratio | 15.77 |
| Price To FCF | 46.64 |
| Price To sales | 1.98 |
| EV / EBITDA | 11.33 |
News
- Jan -24 - Black Hills Corp. Announces Increase in Quarterly Dividend
- Jan -24 - What Can The Dividend Kings Deliver In 2025?
- Jan -16 - Black Hills Activates Initial Phase of Wyoming Grid Expansion Project
- Jan -16 - 3 No-Brainer, High-Yield Stocks to Buy Right Now for Less Than $200
- Jan -15 - Black Hills Corp. Energizes First Phase of Its Ready Wyoming Electric Transmission Expansion Project
- Jan -15 - Buy 3 'Safer' Dividend Kings Of 25 From 53 For January
- Jan -15 - Black Hills Corporation: Double Digit Upside Potential
- Jan -14 - 3 No-Brainer High-Yield Dividend Stocks to Buy in 2025
- Jan -09 - Black Hills Corp. Schedules 2024 Fourth-Quarter and Full-Year Earnings Release and Conference Call
- Jan -03 - My Top 10 Utilities For 2025
- Dec -20 - The Best Dividend Paying Utility Stocks to Invest $2,000 in Right Now
- Dec -14 - The Highest Yielding Dividend Kings Are the Perfect Gift Under the Tree This Year
- Dec -13 - Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends
- Dec -02 - Black Hills Corp. Natural Gas Utility Receives Approval for New Rates in Iowa
- Dec -01 - 3 Top Energy Stocks to Buy as 2024 Draws to a Close
- Nov -30 - 2 No-Brainer High-Yield Utility Investments to Buy Right Now
- Nov -24 - Here Are My Top 2 High-Yield Energy Stocks to Buy Now
- Nov -23 - 3 Dividend Stocks to Double Up on Right Now
- Nov -21 - Black Hills Is Still A Buyable Dividend King Now
- Nov -17 - The Ultimate High-Yield Utility Stock to Buy With $1,000 Right Now
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Gas Utilities
Expected Growth : 4.5 %
What the company do ?
Gas Utilities from Black Hills Corporation provides natural gas distribution services to residential, commercial, and industrial customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming.
Why we expect these perspectives ?
Black Hills Corporation's Gas Utilities segment growth of 4.5% is driven by increasing demand for natural gas, expansion of infrastructure in the Rocky Mountains, and strategic acquisitions. Additionally, favorable regulatory environments, rate base growth, and cost savings initiatives contribute to the segment's growth.
Segment n°2 -> Electric Utilities
Expected Growth : 5.5 %
What the company do ?
Electric Utilities from Black Hills Corporation provides electricity and natural gas to customers in South Dakota, Wyoming, Colorado, and Nebraska.
Why we expect these perspectives ?
Black Hills Corporation's Electric Utilities segment growth of 5.5% is driven by increasing demand for electricity in its service territories, rate base growth from infrastructure investments, and favorable regulatory environments. Additionally, the company's focus on renewable energy and grid modernization initiatives contributes to its growth momentum.
Black Hills Corporation Products
| Product Range | What is it ? |
|---|---|
| Electricity | Generation, transmission, and distribution of electricity to residential, commercial, and industrial customers |
| Natural Gas | Distribution of natural gas to residential, commercial, and industrial customers |
| Oil and Gas Production | Exploration, production, and marketing of crude oil and natural gas |
| Coal Mining | Mining and marketing of coal to generate electricity and produce steel |
| Municipal and Cooperative Utilities | Ownership and operation of municipal and cooperative utilities |
Black Hills Corporation's Porter Forces
Threat Of Substitutes
Black Hills Corporation operates in the utility industry, which has a moderate threat of substitutes. While there are alternative energy sources available, the cost and convenience of traditional energy sources make them a preferred choice for many customers.
Bargaining Power Of Customers
Black Hills Corporation's customers have limited bargaining power due to the lack of alternative energy providers in the region. This gives the company an upper hand in negotiating prices and contracts.
Bargaining Power Of Suppliers
Black Hills Corporation relies on a diverse range of suppliers for fuel, equipment, and services. While suppliers have some bargaining power, the company's scale and diversification of suppliers mitigate this risk.
Threat Of New Entrants
The utility industry has high barriers to entry, including significant capital requirements and regulatory hurdles. This makes it difficult for new entrants to challenge Black Hills Corporation's market position.
Intensity Of Rivalry
Black Hills Corporation operates in a moderately competitive market, with a few large players competing for market share. While there is some rivalry, the company's strong brand and diversified operations help to mitigate this risk.
Strength
Weaknesses
Opportunities
Threats
Capital Structure
| Value | |
|---|---|
| Debt Weight | 57.79% |
| Debt Cost | 4.40% |
| Equity Weight | 42.21% |
| Equity Cost | 7.10% |
| WACC | 5.54% |
| Leverage | 136.88% |
Black Hills Corporation : Quality Control
Black Hills Corporation passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| ALE | ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural … |
| NWE | NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and various industrial customers. The company operates through Electric and Natural Gas segments. It generates, … |
| AVA | Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric … |
| AES | The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, … |
| OTTR | Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. The company's Electric segment produces, transmits, distributes, and sells electric … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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NorthWestern
A-Score
1-Year Total Return ->
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Avista
A-Score
1-Year Total Return ->
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Black Hills
A-Score
1-Year Total Return ->
4
ALLETE
A-Score
1-Year Total Return ->
5
Otter Tail
A-Score
1-Year Total Return ->
6
