First Personal Financial Services Buys New Stake in Black Hills Co. (NYSE:BKH)

First Personal Financial Services bought a new stake in shares of Black Hills Co. (NYSE:BKHFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,235 shares of the utilities provider’s stock, valued at approximately $175,000.

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

Analysts Set New Price Targets

Several brokerages have recently commented on BKH. Scotiabank increased their price target on shares of Black Hills from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. StockNews.com cut shares of Black Hills from a “hold” rating to a “sell” rating in a research report on Thursday, March 28th. Finally, Royal Bank of Canada reduced their price target on shares of Black Hills from $61.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, Black Hills has a consensus rating of “Hold” and a consensus target price of $55.80.

Get Our Latest Report on BKH

Black Hills Trading Down 0.3 %

Black Hills stock opened at $52.28 on Friday. The firm has a 50 day simple moving average of $52.51 and a 200-day simple moving average of $51.98. 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 has a market capitalization of $3.57 billion, a PE ratio of 13.34 and a beta of 0.64. Black Hills Co. has a 12-month low of $46.43 and a 12-month high of $66.85.

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

Black Hills Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.97%. This is a boost from Black Hills’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Thursday, February 15th. Black Hills’s dividend payout ratio (DPR) is presently 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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