Black Hills Corporation (BKH)

Black Hills Corp. (NYSE: BKH) is highlighted as a high-yield dividend stock worth considering due to its consistent growth and efficiency improvements, notably a 31% Q2 EPS growth on 3% revenue growth. The company benefits from increasing data center demand in Wyoming, with major hyperscalers like Microsoft and Meta Platforms driving significant load growth projections. With a 3.8% yield, 56 consecutive years of dividend increases, and a reasonable 66% payout ratio, Black Hills offers a combination of income and growth potential, further supported by a "Strong Buy" rating from Wall Street analysts and a valuation cheaper than its peers.

Black Hills Energy is seeking a rate increase from the South Dakota Public Utilities Commission to cover the costs of its new Lange II power plant, expected to begin operation in December. The utility is requesting an additional $39.5 million annually, which would result in an average 15.88% increase for residential customers. This move comes as the company prepares to bring its $320 million, 99-megawatt generating station online.

Connor Clark & Lunn Investment Management Ltd. has acquired 337,335 shares of Black Hills Corporation (NYSE:BKH) for approximately $25.1 million during the second quarter, representing a 0.44% stake in the company. Several other institutional investors also adjusted their positions in Black Hills, while director Robert P. Otto sold a portion of his holdings. The article also details Black Hills' recent financial performance, dividend announcement, and analyst ratings.

Magellan Asset Management Ltd has made a new $6.35 million investment in Black Hills Corporation (NYSE:BKH), acquiring 85,307 shares, which represents about 0.11% of the utility company. This adds to the significant institutional ownership of 86.71% in Black Hills. The company recently reported strong quarterly EPS, beating estimates, and declared a quarterly dividend of $0.703 per share, while analysts maintain a consensus "Buy" rating.

PEAK6 LLC recently acquired 32,248 shares of Black Hills Corporation, valued at approximately $2.4 million, during the second quarter. Other institutional investors also increased their stakes, bringing the total institutional ownership to 86.71%. Black Hills reported better-than-expected EPS and declared a quarterly dividend of $0.703 per share, while analysts maintain a "Buy" rating with an average price target of $81.67.