1 day Ago By Defense World Staff
Commonwealth Equity Services LLC raised its stake in shares of Black Hills Co. ( NYSE:BKH – Free Report ) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 16,510 shares of the utilities provider’s stock after acquiring an additional 1,749 shares during the period. Commonwealth Equity Services LLC’s holdings in Black Hills were worth $898,000 as of its most recent SEC filing. Several other large investors have also bought and sold shares of the stock.
Vanguard Group Inc. lifted its stake in Black Hills by 0.7% during the 1st quarter.
Vanguard Group Inc. now owns 8,203,786 shares of the utilities provider’s stock valued at $447,927,000 after acquiring an additional 60,219 shares in the last quarter. Capital Research Global Investors lifted its stake in Black Hills by 17.
1% during the 4th quarter. Capital Research Global Investors now owns 3,251,722 shares of the utilities provider’s stock valued at $175,430,000 after acquiring an additional 475,768 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Black Hills by 0.
4% during the 2nd quarter. Bank of New York Mellon Corp now owns 949,278 shares of the utilities provider’s stock valued at $51,622,000 after acquiring an additional 3,544 shares in the last quarter. Goldman Sachs Group Inc.
lifted its stake in Black Hills by 36.9% during the 4th quarter. Goldman Sachs Group Inc.
now owns 755,095 shares of the utilities provider’s stock valued at $40,737,000 after acquiring an additional 203,340 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Black Hills by 7.2% during the 4th quarter.
The Manufacturers Life Insurance Company now owns 725,151 shares of the utilities provider’s stock valued at $39,122,000 after acquiring an additional 48,711 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.
Black Hills Trading Up 0.1 % Shares of BKH opened at $61.16 on Wednesday.
The business has a 50-day moving average of $58.21 and a 200 day moving average of $55.52.
Black Hills Co. has a fifty-two week low of $46.43 and a fifty-two week high of $61.
89. The firm has a market cap of $4.22 billion, a P/E ratio of 15.
06 and a beta of 0.68. The company has a debt-to-equity ratio of 1.
23, a quick ratio of 0.94 and a current ratio of 1.06.
Black Hills Announces Dividend The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Monday, August 19th were issued a dividend of $0.65 per share.
This represents a $2.60 dividend on an annualized basis and a yield of 4.25%.
The ex-dividend date of this dividend was Monday, August 19th. Black Hills’s payout ratio is presently 64.04%.
Wall Street Analyst Weigh In A number of research firms have recently commented on BKH. Scotiabank lifted their target price on Black Hills from $54.00 to $63.
00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Mizuho lifted their target price on Black Hills from $53.00 to $57.
00 and gave the stock a “neutral” rating in a research note on Tuesday, June 4th. Finally, Wells Fargo & Company lifted their target price on Black Hills from $61.00 to $64.
00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.
com, Black Hills presently has an average rating of “Hold” and an average price target of $58.00. View Our Latest Analysis on Black Hills Black Hills Company Profile ( Free Report ) Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States.
The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines. Featured Articles Five stocks we like better than Black Hills Russell 2000 Index, How Investors Use it For Profitable Trading Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? EV Stocks and How to Profit from Them Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge Which Wall Street Analysts are the Most Accurate? Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Want to see what other hedge funds are holding BKH? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Black Hills Co. ( NYSE:BKH – Free Report ). Receive News & Ratings for Black Hills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Hills and related companies with MarketBeat.
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