Mutual of America Capital Management LLC Sells 3,317 Shares of Black Hills Co. (NYSE:BKH)

Mutual of America Capital Management LLC lowered its position in Black Hills Co. (NYSE:BKHFree Report) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 141,455 shares of the utilities provider’s stock after selling 3,317 shares during the period. Mutual of America Capital Management LLC owned 0.21% of Black Hills worth $7,631,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BKH. State Street Corp increased its position in Black Hills by 7.1% during the 2nd quarter. State Street Corp now owns 7,963,935 shares of the utilities provider’s stock valued at $479,907,000 after buying an additional 526,334 shares in the last quarter. Vanguard Group Inc. increased its position in Black Hills by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,821,296 shares of the utilities provider’s stock valued at $395,679,000 after buying an additional 279,987 shares in the last quarter. Macquarie Group Ltd. increased its position in Black Hills by 0.4% during the 1st quarter. Macquarie Group Ltd. now owns 2,554,967 shares of the utilities provider’s stock valued at $161,218,000 after buying an additional 9,330 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Black Hills by 16.3% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,344,162 shares of the utilities provider’s stock valued at $68,001,000 after buying an additional 188,266 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Black Hills by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 1,312,779 shares of the utilities provider’s stock valued at $82,836,000 after buying an additional 44,760 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. StockNews.com lowered Black Hills from a “hold” rating to a “sell” rating in a research report on Thursday, March 28th. Royal Bank of Canada cut their target price on Black Hills from $61.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 9th. Finally, Scotiabank increased their target price on Black Hills from $57.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $55.80.

Check Out Our Latest Report on BKH

Black Hills Stock Performance

BKH stock opened at $52.46 on Friday. The company has a market cap of $3.58 billion, a P/E ratio of 13.38 and a beta of 0.64. Black Hills Co. has a 1 year low of $46.43 and a 1 year high of $66.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.70 and a quick ratio of 0.56. The stock’s fifty day moving average price is $52.49 and its 200-day moving average price is $51.99.

Black Hills (NYSE:BKHGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The firm had revenue of $591.70 million for the quarter, compared to the consensus estimate of $863.67 million. Black Hills had a return on equity of 8.09% and a net margin of 11.25%. During the same period last year, the business posted $1.11 EPS. On average, equities analysts forecast that Black Hills Co. will post 3.9 earnings per share for the current year.

Black Hills Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, February 15th. This is an increase from Black Hills’s previous quarterly dividend of $0.63. This represents a $2.60 annualized dividend and a yield of 4.96%. Black Hills’s payout ratio is 66.33%.

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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Institutional Ownership by Quarter for Black Hills (NYSE:BKH)

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