111 Capital Purchases 4,400 Shares of Black Hills Corporation $BKH

Key Points

• 111 Capital's Recent Move: 111 Capital increased its stake in Black Hills Corporation by 86.3%, acquiring an additional 4,400 shares to bring its total holdings to 9,496 shares, worth approximately $533,000.
• Impressive Earnings Report: Black Hills reported earnings per share of $0.38 for the last quarter, meeting expectations, alongside an 8.9% year-over-year revenue growth, reaching $439 million.
• Dividend Announcement: The company declared a quarterly dividend of $0.676, translating to an annual dividend of $2.70 and a yield of 4.5%, with a payout ratio of 68.01%.

111 Capital lifted its position in shares of Black Hills Corporation (NYSE:BKH - Free Report) by 86.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,496 shares of the utilities provider's stock after purchasing an additional 4,400 shares during the period. 111 Capital's holdings in Black Hills were worth $533,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BKH. Wealth Enhancement Advisory Services LLC lifted its position in shares of Black Hills by 22.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,831 shares of the utilities provider's stock valued at $400,000 after purchasing an additional 1,262 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Black Hills by 9,556.1% during the first quarter. GAMMA Investing LLC now owns 36,693 shares of the utilities provider's stock valued at $2,225,000 after purchasing an additional 36,313 shares in the last quarter. City State Bank bought a new position in shares of Black Hills during the first quarter valued at about $61,000. Farther Finance Advisors LLC lifted its position in shares of Black Hills by 215.5% during the first quarter. Farther Finance Advisors LLC now owns 1,647 shares of the utilities provider's stock valued at $100,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Black Hills by 36.3% during the first quarter. Harbor Capital Advisors Inc. now owns 22,021 shares of the utilities provider's stock valued at $1,336,000 after purchasing an additional 5,867 shares in the last quarter. 86.71% of the stock is owned by institutional investors.

Black Hills Stock Performance

NYSE BKH opened at $60.14 on Monday. Black Hills Corporation has a 52-week low of $54.92 and a 52-week high of $65.59. The company has a 50-day simple moving average of $59.61 and a 200 day simple moving average of $58.73. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.49 and a current ratio of 0.64. The company has a market capitalization of $4.38 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 2.79 and a beta of 0.73.

Black Hills (NYSE:BKH - Get Free Report) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. Black Hills had a net margin of 12.68% and a return on equity of 7.81%. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $412.69 million. During the same quarter last year, the company earned $0.33 earnings per share. The company's revenue was up 8.9% on a year-over-year basis. Black Hills has set its FY 2025 guidance at 4.000-4.200 EPS. On average, research analysts predict that Black Hills Corporation will post 4.12 EPS for the current year.

Black Hills Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a $0.676 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.70 annualized dividend and a dividend yield of 4.5%. Black Hills's payout ratio is 68.01%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BKH. Bank of America upgraded shares of Black Hills from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $57.00 to $64.00 in a report on Wednesday, August 20th. Weiss Ratings restated a "hold (c)" rating on shares of Black Hills in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Black Hills currently has an average rating of "Hold" and an average target price of $66.00.

About Black Hills

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.

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