Lesa Sroufe & Co Takes Position in Black Hills Co. (NYSE:BKH)

Lesa Sroufe & Co acquired a new stake in Black Hills Co. (NYSE:BKH - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,829 shares of the utilities provider's stock, valued at approximately $2,658,000. Black Hills makes up 2.7% of Lesa Sroufe & Co's portfolio, making the stock its 11th biggest position. Lesa Sroufe & Co owned about 0.06% of Black Hills at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in Black Hills by 66.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider's stock worth $25,000 after buying an additional 173 shares during the period. Larson Financial Group LLC lifted its position in Black Hills by 182.8% during the fourth quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider's stock worth $27,000 after buying an additional 298 shares during the period. Global Retirement Partners LLC lifted its position in Black Hills by 373.2% during the fourth quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider's stock worth $31,000 after buying an additional 418 shares during the period. GAMMA Investing LLC lifted its position in Black Hills by 59.2% during the first quarter. GAMMA Investing LLC now owns 605 shares of the utilities provider's stock worth $37,000 after buying an additional 225 shares during the period. Finally, Quarry LP lifted its position in Black Hills by 1,159.7% during the fourth quarter. Quarry LP now owns 781 shares of the utilities provider's stock worth $46,000 after buying an additional 719 shares during the period. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Black Hills Price Performance

BKH stock opened at $56.21 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.77 and a current ratio of 0.97. Black Hills Co. has a 1 year low of $51.99 and a 1 year high of $65.59. The firm has a market cap of $4.08 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 2.75 and a beta of 0.72. The stock has a 50-day simple moving average of $58.95 and a 200-day simple moving average of $59.23.

Black Hills (NYSE:BKH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $1.87 earnings per share 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 for the quarter, compared to analyst estimates of $729.73 million. During the same quarter last year, the business earned $1.87 EPS. Black Hills's revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities analysts predict that Black Hills Co. will post 4.12 earnings per share for the current fiscal year.

Black Hills Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders 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 4.81%. The ex-dividend date of this dividend was Friday, May 16th. Black Hills's dividend payout ratio is presently 68.88%.

Analyst Upgrades and Downgrades

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

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.

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