Leeward Investments LLC MA Has $9.22 Million Holdings in Black Hills Corporation (NYSE:BKH)

Leeward Investments LLC MA lessened its position in shares of Black Hills Corporation (NYSE:BKH - Free Report) by 3.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,030 shares of the utilities provider's stock after selling 5,740 shares during the period. Leeward Investments LLC MA owned approximately 0.21% of Black Hills worth $9,221,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Black Hills by 66.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 173 shares during the period. Larson Financial Group LLC boosted its position in shares of Black Hills by 182.8% in the fourth quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 298 shares during the period. GAMMA Investing LLC boosted its position in shares of Black Hills by 59.2% in the first quarter. GAMMA Investing LLC now owns 605 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 225 shares during the period. Quarry LP boosted its holdings 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 purchasing an additional 719 shares during the period. Finally, Byrne Asset Management LLC boosted its holdings in Black Hills by 238.0% in the 1st quarter. Byrne Asset Management LLC now owns 845 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 595 shares during the period. 86.71% of the stock is currently owned by institutional investors.

Black Hills Price Performance

Shares of NYSE:BKH traded up $0.43 during trading on Friday, reaching $56.91. 262,841 shares of the company traded hands, compared to its average volume of 468,260. The company's 50 day moving average is $58.00 and its two-hundred day moving average is $58.75. The firm has a market capitalization of $4.13 billion, a PE ratio of 14.52, a PEG ratio of 2.64 and a beta of 0.70. The company has a quick ratio of 0.62, a current ratio of 0.76 and a debt-to-equity ratio of 1.06. Black Hills Corporation has a 52 week low of $53.22 and a 52 week high of $65.59.

Black Hills (NYSE:BKH - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.05). Black Hills had a return on equity of 7.83% and a net margin of 12.67%. The firm had revenue of $805.20 million for the quarter, compared to the consensus estimate of $729.73 million. During the same period in the prior year, the company earned $1.87 EPS. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, sell-side analysts predict that Black Hills Corporation will post 4.12 earnings per share for the current year.

Black Hills Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Friday, May 16th were paid a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a yield of 4.75%. The ex-dividend date was Friday, May 16th. Black Hills's payout ratio is presently 68.88%.

Wall Street Analyst Weigh In

Separately, 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 price target for the company.

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.