Deutsche Bank AG Has $10.55 Million Stock Position in Black Hills Co. (NYSE:BKH)

Deutsche Bank AG reduced its holdings in Black Hills Co. (NYSE:BKH - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,254 shares of the utilities provider's stock after selling 16,859 shares during the period. Deutsche Bank AG owned approximately 0.25% of Black Hills worth $10,548,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BKH. First Trust Advisors LP increased its holdings in Black Hills by 309.5% in the 4th quarter. First Trust Advisors LP now owns 953,431 shares of the utilities provider's stock valued at $55,795,000 after buying an additional 720,628 shares during the period. Bank of America Corp DE lifted its holdings in Black Hills by 203.6% during the 4th quarter. Bank of America Corp DE now owns 507,986 shares of the utilities provider's stock valued at $29,727,000 after purchasing an additional 340,686 shares during the last quarter. Capital Research Global Investors increased its holdings in Black Hills by 21.5% during the 4th quarter. Capital Research Global Investors now owns 1,845,088 shares of the utilities provider's stock valued at $107,975,000 after purchasing an additional 326,959 shares in the last quarter. Great Lakes Advisors LLC bought a new position in Black Hills in the 4th quarter valued at $10,490,000. Finally, Raymond James Financial Inc. acquired a new position in Black Hills in the fourth quarter worth $8,413,000. Institutional investors own 86.71% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. 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 research note on Friday, February 7th. BMO Capital Markets assumed coverage on shares of Black Hills in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $68.00 price objective for the company.

Black Hills Trading Down 1.5%

BKH traded down $0.90 during mid-day trading on Thursday, reaching $57.34. The stock had a trading volume of 50,909 shares, compared to its average volume of 449,871. The firm's fifty day simple moving average is $59.61 and its two-hundred day simple moving average is $59.85. The stock has a market capitalization of $4.16 billion, a P/E ratio of 14.65, 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. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.77 and a current ratio of 0.97.

Black Hills (NYSE:BKH - Get Free Report) last issued its quarterly 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 firm had revenue of $805.20 million for 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%. The company's revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $1.87 EPS. On average, equities analysts predict that Black Hills Co. will post 4.12 EPS for the current year.

Black Hills Dividend Announcement

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 given a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Friday, May 16th. Black Hills's dividend payout ratio is 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.