Northern Trust Corp Has $59.48 Million Stock Position in Black Hills Co. (NYSE:BKH)

Northern Trust Corp grew its holdings in Black Hills Co. (NYSE:BKH - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,016,477 shares of the utilities provider's stock after purchasing an additional 105,608 shares during the quarter. Northern Trust Corp owned about 1.42% of Black Hills worth $59,484,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in Black Hills by 4,751.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 16,154 shares of the utilities provider's stock worth $945,000 after acquiring an additional 15,821 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Black Hills by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 408,877 shares of the utilities provider's stock valued at $24,991,000 after purchasing an additional 56,440 shares in the last quarter. Versant Capital Management Inc raised its position in Black Hills by 181.5% in the 4th quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider's stock worth $28,000 after purchasing an additional 305 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Black Hills during the 4th quarter worth $1,113,000. Finally, Franklin Resources Inc. boosted its position in Black Hills by 109.8% in the 3rd quarter. Franklin Resources Inc. now owns 882,646 shares of the utilities provider's stock valued at $53,356,000 after buying an additional 461,894 shares during the last quarter. Institutional investors own 86.71% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Scotiabank dropped their target price on Black Hills from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th.

Black Hills Stock Down 0.6 %

BKH traded down $0.38 during trading on Friday, hitting $58.49. The company had a trading volume of 517,402 shares, compared to its average volume of 451,302. The company has a market capitalization of $4.22 billion, a PE ratio of 14.92, a PEG ratio of 2.75 and a beta of 0.74. Black Hills Co. has a one year low of $51.66 and a one year high of $65.59. The firm's 50-day moving average price is $59.87 and its 200 day moving average price is $59.93. The company has a quick ratio of 0.77, a current ratio of 0.97 and a debt-to-equity ratio of 1.19.

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

Black Hills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Friday, May 16th will be issued a $0.676 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Friday, May 16th. Black Hills's dividend payout ratio is presently 68.88%.

About Black Hills

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.