2 weeks Ago By ABMN Staff
Townsquare Capital LLC acquired a new stake in Black Hills Co. ( NYSE:BKH – Free Report ) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,226 shares of the utilities provider’s stock, valued at approximately $364,000.
A number of other large investors also recently bought and sold shares of BKH. Smartleaf Asset Management LLC raised its position in shares of Black Hills by 66.8% during the 4th quarter.
Smartleaf Asset Management LLC now owns 432 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 173 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Black Hills by 182.8% in the 4th quarter.
Larson Financial Group LLC now owns 461 shares of the utilities provider’s stock worth $27,000 after buying an additional 298 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Black Hills by 181.5% in the 4th quarter.
Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock valued at $28,000 after buying an additional 305 shares during the period. Global Retirement Partners LLC grew its position in shares of Black Hills by 373.2% during the 4th quarter.
Global Retirement Partners LLC now owns 530 shares of the utilities provider’s stock valued at $31,000 after buying an additional 418 shares during the last quarter. Finally, UMB Bank n.a.
raised its stake in Black Hills by 83.3% during the fourth quarter. UMB Bank n.
a. now owns 625 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 284 shares during the period. Institutional investors own 86.
71% of the company’s stock. Analyst Upgrades and Downgrades Separately, Scotiabank lowered their target price on Black Hills from $67.00 to $66.
00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Black Hills Trading Down 1.4 % Shares of NYSE:BKH opened at $59.
73 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.
97 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average price is $59.
70 and its 200 day moving average price is $59.89. The company has a market cap of $4.
31 billion, a PE ratio of 15.24, a P/E/G ratio of 2.75 and a beta of 0.
64. Black Hills Co. has a fifty-two week low of $51.
66 and a fifty-two week high of $65.59. Black Hills ( NYSE:BKH – Get Free Report ) last issued its quarterly earnings data on Wednesday, February 5th.
The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.
17. Black Hills had a return on equity of 7.82% and a net margin of 12.
84%. Sell-side analysts anticipate that Black Hills Co. will post 4.
12 earnings per share for the current year. Black Hills Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, February 18th were paid a dividend of $0.
676 per share. This is a boost from Black Hills’s previous quarterly dividend of $0.65.
This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.53%.
The ex-dividend date of this dividend was Tuesday, February 18th. Black Hills’s payout ratio is currently 68.88%.
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.
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