Fintel reports that on November 7, 2025, Scotiabank upgraded their outlook for Black Hills (NYSE:BKH) from Sector Perform to Sector Outperform.
Analyst Price Forecast Suggests 3.13% Upside
As of October 29, 2025, the average one-year price target for Black Hills is $69.87/share. The forecasts range from a low of $64.64 to a high of $79.80. The average price target represents an increase of 3.13% from its latest reported closing price of $67.75 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Black Hills is 2,406MM, an increase of 5.92%. The projected annual non-GAAP EPS is 4.61.
What is the Fund Sentiment?
There are 837 funds or institutions reporting positions in Black Hills. This is an increase of 3 owner(s) or 0.36% in the last quarter. Average portfolio weight of all funds dedicated to BKH is 0.18%, an increase of 8.79%. Total shares owned by institutions decreased in the last three months by 3.34% to 83,148K shares. 
The put/call ratio of BKH is 0.06, indicating a bullish outlook.
What are Other Shareholders Doing?
Macquarie Group holds 2,398K shares representing 3.29% ownership of the company. In its prior filing, the firm reported owning 2,361K shares , representing an increase of 1.55%. The firm decreased its portfolio allocation in BKH by 7.16% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 2,362K shares representing 3.24% ownership of the company. In its prior filing, the firm reported owning 2,335K shares , representing an increase of 1.12%. The firm decreased its portfolio allocation in BKH by 11.81% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,296K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 2,248K shares , representing an increase of 2.06%. The firm decreased its portfolio allocation in BKH by 15.74% over the last quarter.
Geode Capital Management holds 1,822K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 1,786K shares , representing an increase of 2.02%. The firm decreased its portfolio allocation in BKH by 15.83% over the last quarter.
IWM - iShares Russell 2000 ETF holds 1,816K shares representing 2.49% ownership of the company. In its prior filing, the firm reported owning 1,934K shares , representing a decrease of 6.46%. The firm decreased its portfolio allocation in BKH by 12.28% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
