Algert Global LLC Purchases 6,252 Shares of Black Hills Co. (NYSE:BKH)

Algert Global LLC grew its stake in shares of Black Hills Co. (NYSE:BKH - Free Report) by 21.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,764 shares of the utilities provider's stock after purchasing an additional 6,252 shares during the period. Algert Global LLC's holdings in Black Hills were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BKH. Smartleaf Asset Management LLC grew its position in Black Hills by 66.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider's stock worth $25,000 after purchasing an additional 173 shares in the last quarter. Larson Financial Group LLC lifted its stake in 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 purchasing an additional 298 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Black Hills by 373.2% in the 4th quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider's stock worth $31,000 after purchasing an additional 418 shares in the last quarter. UMB Bank n.a. raised its position in shares of Black Hills by 83.3% during the 4th quarter. UMB Bank n.a. now owns 625 shares of the utilities provider's stock valued at $37,000 after buying an additional 284 shares in the last quarter. Finally, Quarry LP raised its position in shares of Black Hills by 1,159.7% during the 4th quarter. Quarry LP now owns 781 shares of the utilities provider's stock valued at $46,000 after buying an additional 719 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

Analyst Ratings Changes

Separately, Scotiabank cut their price target on shares of Black Hills from $67.00 to $66.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th.

Black Hills Stock Performance

NYSE BKH traded down $0.45 during trading hours on Monday, hitting $58.07. 466,460 shares of the company's stock traded hands, compared to its average volume of 451,073. The business's fifty day moving average price is $59.87 and its two-hundred day moving average price is $59.92. The company has a current ratio of 0.97, a quick ratio of 0.77 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $4.19 billion, a P/E ratio of 14.81, a P/E/G ratio of 2.75 and a beta of 0.74. Black Hills Co. has a 52 week low of $51.66 and a 52 week high of $65.59.

Black Hills (NYSE:BKH - Get Free Report) last announced its earnings results on Wednesday, May 7th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.05). The business had revenue of $805.20 million for the quarter, compared to the consensus estimate of $729.73 million. Black Hills had a net margin of 12.84% and a return on equity of 7.82%. The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.87 earnings per share. Equities research analysts predict that Black Hills Co. will post 4.12 EPS for the current year.

Black Hills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Friday, May 16th will be given a $0.676 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.66%. Black Hills's payout ratio is currently 68.88%.

Black Hills Profile

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.