2 weeks Ago By ABMN Staff
Intech Investment Management LLC acquired a new stake in Black Hills Co. ( NYSE:BKH – Free Report ) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,770 shares of the utilities provider’s stock, valued at approximately $259,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Rise Advisors LLC acquired a new position in Black Hills in the first quarter valued at approximately $31,000. Pathway Financial Advisers LLC purchased a new stake in shares of Black Hills during the first quarter worth approximately $31,000.
Sunbelt Securities Inc. purchased a new stake in shares of Black Hills during the first quarter worth approximately $33,000. Riverview Trust Co purchased a new stake in shares of Black Hills during the first quarter worth approximately $38,000.
Finally, Hexagon Capital Partners LLC raised its stake in shares of Black Hills by 77.2% during the first quarter. Hexagon Capital Partners LLC now owns 732 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 319 shares during the last quarter.
86.71% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In BKH has been the topic of several research reports.
Wells Fargo & Company upped their target price on Black Hills from $61.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd.
Scotiabank raised their price target 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.
Finally, Mizuho raised their price objective on Black Hills from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, June 4th.
One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $58.00.
Black Hills Stock Up 0.7 % BKH opened at $61.05 on Friday.
Black Hills Co. has a one year low of $46.43 and a one year high of $61.
96. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.
94 and a current ratio of 1.06. The stock’s fifty day moving average is $58.
94 and its 200-day moving average is $56.02. The company has a market capitalization of $4.
26 billion, a PE ratio of 15.04, a P/E/G ratio of 4.36 and a beta of 0.
68. Black Hills ( NYSE:BKH – Get Free Report ) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.
33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04.
Black Hills had a return on equity of 8.21% and a net margin of 12.96%.
The business had revenue of $402.60 million for the quarter, compared to the consensus estimate of $498.00 million.
During the same quarter in the previous year, the company posted $0.35 earnings per share. Black Hills’s revenue for the quarter was down 2.
1% compared to the same quarter last year. On average, equities analysts predict that Black Hills Co. will post 3.
9 EPS for the current fiscal year. Black Hills Announces Dividend The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Monday, August 19th were paid a dividend of $0.
65 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $2.
60 annualized dividend and a dividend yield of 4.26%. Black Hills’s dividend payout ratio (DPR) is presently 64.
04%. About Black Hills ( 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. Further Reading 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.
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