DC Investments Management LLC Raises Position in Black Hills Co. (NYSE:BKH)

DC Investments Management LLC raised its stake in shares of Black Hills Co. (NYSE:BKH - Free Report) by 69.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,227 shares of the utilities provider's stock after buying an additional 12,780 shares during the quarter. Black Hills comprises about 1.2% of DC Investments Management LLC's investment portfolio, making the stock its 26th biggest holding. DC Investments Management LLC's holdings in Black Hills were worth $1,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in shares of 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 position in shares of Black Hills by 182.8% in the fourth quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider's stock worth $27,000 after buying an additional 298 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Black Hills by 181.5% in the fourth quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 305 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Black Hills by 373.2% in the 4th quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 418 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in 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 during the period. 86.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BKH shares. 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. BMO Capital Markets started coverage on shares of Black Hills in a report on Tuesday. They issued an "outperform" rating and a $68.00 price target for the company.

Black Hills Price Performance

Shares of NYSE:BKH traded up $0.05 during trading on Tuesday, reaching $58.12. 152,212 shares of the company's stock traded hands, compared to its average volume of 449,922. The company has a quick ratio of 0.77, a current ratio of 0.97 and a debt-to-equity ratio of 1.19. The firm has a market cap of $4.19 billion, a PE ratio of 14.83, a P/E/G ratio of 2.75 and a beta of 0.74. Black Hills Co. has a fifty-two week low of $51.66 and a fifty-two week high of $65.59. The company has a 50-day simple moving average of $59.83 and a 200-day simple moving average of $59.90.

Black Hills (NYSE:BKH - Get Free Report) last issued its 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). The business had revenue of $805.20 million during the quarter, compared to analyst estimates of $729.73 million. Black Hills had a net margin of 12.84% and a return on equity of 7.82%. Black Hills's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $1.87 earnings per share. As a group, analysts predict that Black Hills Co. will post 4.12 earnings per share for the current year.

Black Hills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Friday, May 16th will be issued a dividend of $0.676 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Friday, May 16th. Black Hills's dividend payout ratio 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.