Farringdon Capital Ltd. Makes New $307,000 Investment in Black Hills Co. (NYSE:BKH)

Farringdon Capital Ltd. acquired a new stake in shares of Black Hills Co. (NYSE:BKH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,254 shares of the utilities provider's stock, valued at approximately $307,000.

A number of other institutional investors also recently bought and sold shares of the stock. Franklin Resources Inc. raised 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 worth $53,356,000 after purchasing an additional 461,894 shares during the period. Great Lakes Advisors LLC purchased a new position in Black Hills during the 4th quarter valued at $10,490,000. Raymond James Financial Inc. bought a new position in Black Hills in the 4th quarter valued at $8,413,000. JPMorgan Chase & Co. increased its stake in Black Hills by 34.9% in the fourth quarter. JPMorgan Chase & Co. now owns 551,414 shares of the utilities provider's stock worth $32,269,000 after purchasing an additional 142,537 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Black Hills by 19.3% during the fourth quarter. Victory Capital Management Inc. now owns 551,582 shares of the utilities provider's stock valued at $32,279,000 after purchasing an additional 89,181 shares during the period. 86.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Scotiabank decreased 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 report on Friday, February 7th.

Black Hills Stock Up 0.2 %

Shares of Black Hills stock traded up $0.11 during trading on Thursday, hitting $60.73. 72,230 shares of the stock traded hands, compared to its average volume of 489,661. 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 stock's fifty day simple moving average is $59.73 and its 200 day simple moving average is $59.90. The firm has a market cap of $4.38 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64. Black Hills Co. has a 52-week low of $51.66 and a 52-week high of $65.59.

Black Hills (NYSE:BKH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts predict that Black Hills Co. will post 4.12 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders 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 annualized dividend and a yield of 4.45%. Black Hills's dividend payout ratio (DPR) is 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.