BKH
Black Hills Corporation Utilities - Utilities - Regulated Gas Investor Relations →
Black Hills Corporation (BKH) closed at $72.30 as of 2026-02-02, trading 26.7% above its 200-week moving average of $57.07. The stock is currently moving closer to the line, down from 27.9% last week. The 14-week RSI sits at 65, indicating neutral momentum.
Over the past 2715 weeks of data, BKH has crossed below its 200-week moving average 31 times. On average, these episodes lasted 17 weeks. Historically, investors who bought BKH at the start of these episodes saw an average one-year return of +14.2%.
With a market cap of $5.5 billion, BKH is a mid-cap stock. Return on equity stands at 8.1%. The stock trades at 1.4x book value.
Share count has increased 10.6% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in BKH would have grown to $1581, compared to $2849 for the S&P 500. BKH has returned 8.7% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: BKH vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After BKH Crosses Below the Line?
Across 24 historical episodes, buying BKH when it crossed below its 200-week moving average produced an average return of +17.1% after 12 months (median +16.0%), compared to +16.4% for the S&P 500 over the same periods. 83% of those episodes were profitable after one year. After 24 months, the average return was +29.7% vs +32.8% for the index.
Each line shows $100 invested at the moment BKH crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
BKH has crossed below its 200-week MA 31 times with an average 1-year return of +14.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1974 | Jun 1975 | 58 | 28.1% | -13.1% | +21372.9% |
| Oct 1979 | Nov 1979 | 6 | 2.1% | +17.0% | +15237.8% |
| Mar 1980 | Apr 1980 | 5 | 8.8% | +0.5% | +14748.3% |
| May 1980 | Jun 1980 | 4 | 1.5% | -3.1% | +14439.0% |
| Nov 1980 | Dec 1980 | 7 | 1.3% | -14.3% | +14142.3% |
| Jan 1981 | May 1982 | 70 | 16.2% | -4.5% | +13927.5% |
| Aug 1982 | Aug 1982 | 1 | 0.7% | +55.9% | +14215.3% |
| Jan 1994 | Jan 1994 | 2 | 5.7% | +2.9% | +1767.5% |
| Jan 1994 | Jan 1995 | 52 | 18.1% | +15.8% | +1756.8% |
| Apr 1995 | Jul 1995 | 13 | 7.0% | +22.7% | +1598.1% |
| Jul 2002 | Mar 2003 | 35 | 24.6% | +18.3% | +563.9% |
| Apr 2003 | Apr 2003 | 1 | 0.7% | +16.2% | +527.8% |
| May 2003 | May 2003 | 1 | 0.6% | +9.7% | +524.4% |
| Dec 2003 | Dec 2003 | 2 | 1.6% | +11.4% | +492.2% |
| May 2004 | May 2004 | 3 | 4.6% | +24.5% | +469.3% |
| Jul 2004 | Oct 2004 | 14 | 10.3% | +49.9% | +495.7% |
| Dec 2004 | Dec 2004 | 1 | 0.1% | +30.6% | +454.3% |
| Jun 2008 | Mar 2010 | 89 | 54.1% | -24.4% | +339.4% |
| May 2010 | Jun 2010 | 3 | 2.4% | +12.0% | +342.8% |
| Jun 2010 | Jul 2010 | 1 | 1.4% | +12.9% | +348.0% |
| Jul 2015 | Oct 2015 | 11 | 12.5% | +62.1% | +160.9% |
| Nov 2015 | Dec 2015 | 5 | 3.9% | +41.9% | +143.2% |
| Feb 2018 | Mar 2018 | 7 | 3.2% | +37.9% | +86.7% |
| Mar 2020 | Apr 2020 | 3 | 17.5% | +34.6% | +75.6% |
| Apr 2020 | Mar 2021 | 45 | 15.1% | +15.4% | +45.3% |
| Oct 2022 | Nov 2022 | 5 | 5.5% | -22.2% | +28.7% |
| Feb 2023 | Apr 2023 | 8 | 6.9% | -16.0% | +28.7% |
| May 2023 | Aug 2024 | 67 | 21.6% | -5.7% | +29.6% |
| Oct 2024 | Nov 2024 | 1 | 1.4% | +14.5% | +31.8% |
| Dec 2024 | Jan 2025 | 6 | 4.7% | +21.6% | +30.3% |
| Jun 2025 | Jul 2025 | 8 | 2.6% | N/A | +29.1% |
| Average | 17 | — | +14.2% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02