Black Hills Co. (NYSE:BKH) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Black Hills Co. (NYSE:BKH - Free Report) by 9,556.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 36,693 shares of the utilities provider's stock after buying an additional 36,313 shares during the period. GAMMA Investing LLC owned 0.05% of Black Hills worth $2,225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BKH. State of Alaska Department of Revenue lifted its stake in shares of Black Hills by 3.4% during the fourth quarter. State of Alaska Department of Revenue now owns 8,162 shares of the utilities provider's stock valued at $477,000 after buying an additional 270 shares during the period. Louisiana State Employees Retirement System raised its stake in Black Hills by 3.1% during the fourth quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the utilities provider's stock worth $1,165,000 after purchasing an additional 600 shares during the period. Van ECK Associates Corp raised its stake in Black Hills by 10.6% during the fourth quarter. Van ECK Associates Corp now owns 20,862 shares of the utilities provider's stock worth $1,221,000 after purchasing an additional 2,007 shares during the period. Littlejohn Financial Services Inc. purchased a new position in Black Hills during the fourth quarter worth approximately $2,054,000. Finally, Rhumbline Advisers raised its stake in Black Hills by 2.9% during the fourth quarter. Rhumbline Advisers now owns 240,408 shares of the utilities provider's stock worth $14,069,000 after purchasing an additional 6,843 shares during the period. Hedge funds and other institutional investors own 86.71% of the company's stock.

Analyst Ratings Changes

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

Black Hills Trading Down 1.3%

Shares of BKH stock traded down $0.73 during mid-day trading on Friday, reaching $56.74. The company's stock had a trading volume of 299,911 shares, compared to its average volume of 458,119. The company's 50 day simple moving average is $58.96 and its 200-day simple moving average is $59.32. Black Hills Co. has a 12-month low of $51.99 and a 12-month high of $65.59. The company has a quick ratio of 0.77, a current ratio of 0.97 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $4.11 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 2.75 and a beta of 0.72.

Black Hills (NYSE:BKH - Get Free Report) last issued its earnings results on Wednesday, May 7th. The utilities provider reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $1.92 by ($0.05). Black Hills had a net margin of 12.84% and a return on equity of 7.82%. The business had revenue of $805.20 million during the quarter, compared to analysts' expectations of $729.73 million. During the same period in the prior year, the business posted $1.87 EPS. The business's revenue was up 10.8% on a year-over-year basis. On average, research analysts predict that Black Hills Co. will post 4.12 EPS for the current fiscal year.

Black Hills Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Friday, May 16th were issued a dividend of $0.676 per share. This represents a $2.70 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend was Friday, May 16th. Black Hills's payout ratio 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.