Black Hills (BKH) Earns Buy Rating From Siebert Williams with $82 Target

Group 1 - Black Hills Corporation (BKH) has been upgraded to a Buy rating by Siebert Williams, with a price target set at $82 [1] - The company has raised its dividend for the 55th consecutive year, which is expected to extend to 56 years in January 2026 [2] - The planned merger with NorthWestern Energy is viewed as a logical step that will benefit stakeholders and create a stronger utility platform [2] Group 2 - Progress on the regulatory front includes the completion of three rate reviews and ongoing approvals for key projects [3] - The company has expanded its data center pipeline to over 3 gigawatts and completed the 260-mile Ready Wyoming transmission project on schedule [3] - Black Hills Corporation serves 1.35 million natural gas and electric customers across multiple states, organized into Electric Utilities and Gas Utilities segments [4]