Arkadios Wealth Advisors Invests $415,000 in Black Hills Corporation (NYSE:BKH)

Arkadios Wealth Advisors acquired a new stake in shares of Black Hills Corporation (NYSE:BKH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,836 shares of the utilities provider's stock, valued at approximately $415,000.

A number of other institutional investors have also modified their holdings of BKH. Capital Research Global Investors boosted its stake in Black Hills by 21.5% in the fourth quarter. Capital Research Global Investors now owns 1,845,088 shares of the utilities provider's stock valued at $107,975,000 after acquiring an additional 326,959 shares during the period. Geode Capital Management LLC raised its position in shares of Black Hills by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 1,698,234 shares of the utilities provider's stock worth $99,402,000 after purchasing an additional 35,077 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Black Hills by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,037,622 shares of the utilities provider's stock worth $60,721,000 after purchasing an additional 37,487 shares during the last quarter. Northern Trust Corp boosted its position in Black Hills by 11.6% during the 4th quarter. Northern Trust Corp now owns 1,016,477 shares of the utilities provider's stock valued at $59,484,000 after purchasing an additional 105,608 shares during the period. Finally, First Trust Advisors LP boosted its position in Black Hills by 309.5% during the 4th quarter. First Trust Advisors LP now owns 953,431 shares of the utilities provider's stock valued at $55,795,000 after purchasing an additional 720,628 shares during the period. Institutional investors own 86.71% of the company's stock.

Analyst Ratings Changes

Separately, BMO Capital Markets began coverage on Black Hills in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $68.00 target price on the stock.

Black Hills Trading Up 0.2%

Shares of NYSE:BKH opened at $59.01 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 1.06. The company's 50-day moving average price is $57.03 and its 200 day moving average price is $58.67. The company has a market cap of $4.30 billion, a PE ratio of 14.86, a P/E/G ratio of 2.73 and a beta of 0.71. Black Hills Corporation has a fifty-two week low of $54.92 and a fifty-two week high of $65.59.

Black Hills (NYSE:BKH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $412.69 million. Black Hills had a net margin of 12.68% and a return on equity of 7.81%. Black Hills's revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share. Sell-side analysts anticipate that Black Hills Corporation will post 4.12 earnings per share for the current year.

Black Hills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.676 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.70 annualized dividend and a yield of 4.6%. Black Hills's payout ratio is presently 68.01%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.