Guggenheim Capital LLC Sells 71,117 Shares of Black Hills Co. (NYSE:BKH)

Guggenheim Capital LLC lowered its holdings in Black Hills Co. (NYSE:BKH - Free Report) by 79.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,149 shares of the utilities provider's stock after selling 71,117 shares during the period. Guggenheim Capital LLC's holdings in Black Hills were worth $1,062,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BKH. Barclays PLC boosted its holdings in Black Hills by 4.5% in the 3rd quarter. Barclays PLC now owns 500,826 shares of the utilities provider's stock valued at $30,610,000 after purchasing an additional 21,697 shares during the period. World Investment Advisors LLC bought a new stake in shares of Black Hills during the 3rd quarter worth approximately $1,185,000. Franklin Resources Inc. lifted its holdings in shares of Black Hills by 109.8% during the 3rd quarter. Franklin Resources Inc. now owns 882,646 shares of the utilities provider's stock worth $53,356,000 after acquiring an additional 461,894 shares during the period. JPMorgan Chase & Co. boosted its position in 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 buying an additional 56,440 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Black Hills by 181.5% during the 4th quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider's stock worth $28,000 after acquiring an additional 305 shares during the last quarter. Institutional investors own 86.71% of the company's stock.

Analysts Set New Price Targets

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 Price Performance

BKH traded up $0.62 on Monday, reaching $60.85. The stock had a trading volume of 347,403 shares, compared to its average volume of 455,979. Black Hills Co. has a fifty-two week low of $51.66 and a fifty-two week high of $65.59. The firm has a 50-day moving average of $59.80 and a 200-day moving average of $59.94. 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 company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64.

Black Hills (NYSE:BKH - Get Free Report) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.17. Black Hills had a return on equity of 7.82% and a net margin of 12.84%. As a group, sell-side analysts anticipate that Black Hills Co. will post 4.12 EPS for the current year.

Black Hills Announces Dividend

The business 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 of this dividend is Friday, May 16th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.44%. Black Hills's dividend payout ratio (DPR) is presently 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.