Boston Partners Purchases New Stake in Black Hills Corporation $BKH

Boston Partners acquired a new position in shares of Black Hills Corporation (NYSE:BKH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 11,013 shares of the utilities provider's stock, valued at approximately $668,000.

Several other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. lifted its position in shares of Black Hills by 980.1% during the 1st quarter. Russell Investments Group Ltd. now owns 19,204 shares of the utilities provider's stock worth $1,165,000 after buying an additional 17,426 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Black Hills by 29.6% during the 1st quarter. HighTower Advisors LLC now owns 188,485 shares of the utilities provider's stock worth $11,432,000 after buying an additional 43,061 shares during the last quarter. Barnett & Company Inc. lifted its position in shares of Black Hills by 12.0% during the 1st quarter. Barnett & Company Inc. now owns 8,400 shares of the utilities provider's stock worth $509,000 after buying an additional 900 shares during the last quarter. Nuveen LLC acquired a new stake in Black Hills during the 1st quarter worth $43,690,000. Finally, Aigen Investment Management LP increased its position in Black Hills by 42.7% in the 1st quarter. Aigen Investment Management LP now owns 11,086 shares of the utilities provider's stock valued at $672,000 after acquiring an additional 3,316 shares during the period. Hedge funds and other institutional investors own 86.71% of the company's stock.

Black Hills Trading Up 1.8%

Shares of BKH stock traded up $1.0950 during trading hours on Friday, hitting $60.8150. 329,805 shares of the company were exchanged, compared to its average volume of 544,258. The firm has a market cap of $4.43 billion, a PE ratio of 15.33, a PEG ratio of 2.78 and a beta of 0.71. Black Hills Corporation has a 1 year low of $54.92 and a 1 year high of $65.59. 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 firm has a fifty day moving average of $57.74 and a 200 day moving average of $58.84.

Black Hills (NYSE:BKH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The business 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%. The company's revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. Black Hills has set its FY 2025 guidance at 4.000-4.200 EPS. Analysts expect that Black Hills Corporation will post 4.12 earnings per share for the current year.

Black Hills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be issued a $0.676 dividend. The ex-dividend date is Monday, August 18th. This represents a $2.70 annualized dividend and a yield of 4.4%. Black Hills's dividend payout ratio (DPR) is presently 68.01%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BKH shares. BMO Capital Markets started coverage on shares of Black Hills in a research report on Tuesday, May 13th. They set an "outperform" rating and a $68.00 price objective for the company. Bank of America raised shares of Black Hills from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $57.00 to $64.00 in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Black Hills presently has an average rating of "Hold" and a consensus price target of $66.00.

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.