BNP Paribas Financial Markets Has $1.11 Million Stock Holdings in Black Hills Co. (NYSE:BKH)

BNP Paribas Financial Markets cut its holdings in Black Hills Co. (NYSE:BKH - Free Report) by 69.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,001 shares of the utilities provider's stock after selling 42,808 shares during the quarter. BNP Paribas Financial Markets' holdings in Black Hills were worth $1,112,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Algert Global LLC lifted its stake in Black Hills by 21.9% in the 4th quarter. Algert Global LLC now owns 34,764 shares of the utilities provider's stock valued at $2,034,000 after acquiring an additional 6,252 shares in the last quarter. Lido Advisors LLC lifted its stake in Black Hills by 3.3% in the 4th quarter. Lido Advisors LLC now owns 9,538 shares of the utilities provider's stock valued at $558,000 after acquiring an additional 306 shares in the last quarter. Northern Trust Corp lifted its stake in Black Hills by 11.6% in the 4th quarter. Northern Trust Corp now owns 1,016,477 shares of the utilities provider's stock valued at $59,484,000 after acquiring an additional 105,608 shares in the last quarter. Tudor Investment Corp ET AL lifted its stake in Black Hills by 66.2% in the 4th quarter. Tudor Investment Corp ET AL now owns 121,813 shares of the utilities provider's stock valued at $7,128,000 after acquiring an additional 48,518 shares in the last quarter. Finally, Quarry LP lifted its stake in Black Hills by 1,159.7% in the 4th quarter. Quarry LP now owns 781 shares of the utilities provider's stock valued at $46,000 after acquiring an additional 719 shares in the last quarter. Institutional investors own 86.71% of the company's stock.

Black Hills Stock Up 0.9%

Shares of Black Hills stock traded up $0.51 on Monday, reaching $58.07. 343,293 shares of the company were exchanged, compared to its average volume of 452,131. Black Hills Co. has a one year low of $51.66 and a one year high of $65.59. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 2.75 and a beta of 0.74. 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 company has a 50-day moving average of $59.43 and a 200 day moving average of $59.82.

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

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Friday, May 16th will be paid a dividend of $0.676 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Friday, May 16th. Black Hills's dividend payout ratio is currently 68.88%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. BMO Capital Markets started coverage on Black Hills in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $68.00 target price on the stock. Scotiabank dropped their price objective on Black Hills from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th.

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.