Black Hills Corporation (NYSE:BKH) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its position in shares of Black Hills Corporation (NYSE:BKH - Free Report) by 2,477.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,665 shares of the utilities provider's stock after purchasing an additional 4,484 shares during the period. Lindbrook Capital LLC's holdings in Black Hills were worth $283,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Black Hills by 1.9% during the first quarter. Principal Financial Group Inc. now owns 215,402 shares of the utilities provider's stock worth $13,064,000 after purchasing an additional 4,077 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Black Hills by 15.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,918 shares of the utilities provider's stock worth $480,000 after purchasing an additional 1,087 shares during the period. Farther Finance Advisors LLC raised its stake in Black Hills by 215.5% during the first quarter. Farther Finance Advisors LLC now owns 1,647 shares of the utilities provider's stock worth $100,000 after purchasing an additional 1,125 shares during the period. GAMMA Investing LLC raised its stake 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 purchasing an additional 225 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Black Hills during the fourth quarter worth about $96,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

Black Hills Trading Up 0.5%

Shares of Black Hills stock traded up $0.26 on Friday, reaching $56.55. The company had a trading volume of 128,960 shares, compared to its average volume of 503,205. The firm's 50 day moving average price is $57.18 and its two-hundred day moving average price is $58.62. The firm has a market cap of $4.10 billion, a PE ratio of 14.42, a PEG ratio of 2.63 and a beta of 0.70. Black Hills Corporation has a 52-week low of $54.92 and a 52-week high of $65.59. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.76.

Black Hills (NYSE:BKH - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $805.20 million during the quarter, compared to analysts' expectations of $729.73 million. Black Hills had a net margin of 12.67% and a return on equity of 7.83%. Black Hills's revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $1.87 earnings per share. Sell-side analysts predict that Black Hills Corporation will post 4.12 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The firm also recently disclosed 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. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Monday, August 18th. Black Hills's dividend payout ratio (DPR) is currently 68.88%.

Analyst Ratings Changes

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

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.