BMO lifts Black Hills stock target to USD 86.00
Published on 10/17/2026 at 21:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget and reporting date
- BMO Capital Markets raised its Black Hills target from USD 83.00 to USD 86.00 on October 8, 2026.
- Black Hills will report third-quarter results on November 4, 2026.
- Black Hills stock was last at USD 76.63 on October 16, 2026 at 4:00 p.m. EDT, up 1.00 percent on the day on the NYSE.
- Black Hills had a market capitalization of USD 5.8 billion and a P/E ratio of 19.35.
On October 8, 2026, BMO Capital Markets raised its Black Hills target from USD 83.00 to USD 86.00 and kept an outperform rating, according to MarketBeat. The new target stood 12.22 percent above the NYSE price of USD 76.63 at the October 16, 2026 close. Black Hills stock was last at USD 76.63 on October 16, 2026 at 4:00 p.m. EDT on the NYSE, up 1.00 percent on the day.
Results date brings the next test
Black Hills will report its third-quarter 2026 results on November 4, 2026. The date appears on the company's investor-relations page, which also lists an earnings conference call for November 5, 2026 at 11:00 a.m. EST, according to Black Hills.
Trading stays near the yearly high
Black Hills traded between USD 75.50 and USD 77.11 on October 16, 2026, while volume reached 955,628 shares against an average of 990,473. Its USD 62.27 to USD 78.69 52-week range places the last price 2.62 percent below the high and 23.04 percent above the low. The stock gained 1.00 percent during the session.
The company serves 1.37 million natural gas and electric utility customers across eight states, according to its investor-relations page. The operating footprint gives the upcoming report a clear financial focus: the latest available quarterly figures cited by MarketBeat showed adjusted earnings per share of USD 0.54 versus USD 0.41 consensus, while revenue rose 3.10 percent year over year to USD 452.80 million. Revenue was below the USD 490.89 million consensus estimate.
Valuation and shareholder return
Black Hills had a market capitalization of USD 5.8 billion, a P/E ratio of 19.35 and a dividend yield of 0.04 percent on October 16, 2026. The company also lists full-year 2026 adjusted earnings-per-share guidance of USD 4.25 to USD 4.45. Those figures frame the USD 86.00 BMO target as a valuation reference rather than a forecast by this article.
Comparison with peers
Black Hills: plus 1.00 percent, P/E 19.35, market capitalization USD 5.8 billion.
NorthWestern Energy Group (NYSE, USD): plus 1.18 percent, P/E 26.97, market capitalization USD 4.6 billion.
Ameren (NYSE, USD): plus 2.24 percent, P/E 18.68, market capitalization USD 29.4 billion.
Price and upcoming dates
The October 16, 2026 session put Black Hills 2.62 percent below its 52-week high, while the November 4 results date provides the next scheduled company event. The November 5 conference call follows one day later.
The further course of trading is shown by the continuously updated real-time quote of Black Hills stock.
Black Hills stock facts
- Company: Black Hills Corporation
- ISIN: US0921131092
- Ticker: BKH
- Primary exchange: NYSE
- Price NYSE (as of October 16, 2026, 4:00 p.m. EDT): USD 76.63
- Market capitalization: USD 5.8 billion (as of October 16, 2026)
- 52-week range: USD 62.27-78.69 (as of October 16, 2026)
- Sector / Industry: Utilities / Regulated Gas
Market context: Market report S&P 500.
