Dimensional Fund Advisors LP Increases Stock Position in Black Hills Co. (NYSE:BKH)

Dimensional Fund Advisors LP lifted its holdings in shares of Black Hills Co. (NYSE:BKH - Free Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,037,622 shares of the utilities provider's stock after purchasing an additional 37,487 shares during the quarter. Dimensional Fund Advisors LP owned about 1.45% of Black Hills worth $60,721,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in Black Hills by 66.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider's stock worth $25,000 after buying an additional 173 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Black Hills by 182.8% during the 4th quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider's stock worth $27,000 after acquiring an additional 298 shares during the period. Versant Capital Management Inc boosted its position 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 worth $28,000 after acquiring an additional 305 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Black Hills by 373.2% in the fourth quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 418 shares during the period. Finally, UMB Bank n.a. increased its position in Black Hills by 83.3% during the fourth quarter. UMB Bank n.a. now owns 625 shares of the utilities provider's stock worth $37,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered their price objective on shares of 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.

Black Hills Trading Down 0.4 %

Shares of NYSE:BKH traded down $0.23 during trading on Monday, reaching $61.05. 232,421 shares of the stock were exchanged, compared to its average volume of 451,606. The firm's 50-day moving average price is $59.92 and its 200 day moving average price is $59.94. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.75 and a beta of 0.74. Black Hills Co. has a 12-month low of $51.66 and a 12-month 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 released its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.17. Black Hills had a net margin of 12.84% and a return on equity of 7.82%. On average, sell-side analysts anticipate that Black Hills Co. will post 4.12 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Friday, May 16th will be paid 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 4.43%. Black Hills's dividend payout ratio (DPR) is currently 68.88%.

Black Hills Company 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.