PharVision Advisers LLC Purchases Shares of 4,647 Black Hills Corporation $BKH

Key Points

• PharVision Advisers LLC acquired 4,647 shares of Black Hills Corporation, valued at approximately $282,000, during the first quarter of the year.
• Black Hills recently posted a quarterly earnings report with an EPS of $0.38, matching analysts' expectations, and generated $439 million in revenue, surpassing prior estimates.
• The company declared a quarterly dividend of $0.676 per share, yielding an annualized dividend of $2.70, which results in a dividend yield of 4.5% for investors.

PharVision Advisers LLC acquired a new stake in shares of Black Hills Corporation (NYSE:BKH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,647 shares of the utilities provider's stock, valued at approximately $282,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position 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 valued at $13,064,000 after buying an additional 4,077 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position 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 valued at $480,000 after buying an additional 1,087 shares during the period. Farther Finance Advisors LLC lifted its position 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 valued at $100,000 after buying an additional 1,125 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 valued at $37,000 after buying 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 valued at $96,000. Hedge funds and other institutional investors own 86.71% of the company's stock.

Wall Street Analyst Weigh In

Separately, Bank of America raised Black Hills from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $57.00 to $64.00 in a research report on Wednesday, August 20th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $66.00.

Black Hills Stock Performance

NYSE BKH traded down $0.24 during trading hours on Friday, hitting $59.18. The company's stock had a trading volume of 81,497 shares, compared to its average volume of 539,918. The company's 50 day simple moving average is $58.73 and its two-hundred day simple moving average is $58.83. The company has a market cap of $4.31 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 2.72 and a beta of 0.74. Black Hills Corporation has a 12 month low of $54.92 and a 12 month high of $65.59. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.64 and a quick ratio of 0.49.

Black Hills (NYSE:BKH - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.38. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $412.69 million. Black Hills had a return on equity of 7.81% and a net margin of 12.68%.The business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. Black Hills has set its FY 2025 guidance at 4.000-4.200 EPS. As a group, sell-side analysts expect that Black Hills Corporation will post 4.12 EPS for the current fiscal year.

Black Hills Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a dividend of $0.676 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Monday, August 18th. Black Hills's payout ratio is currently 68.01%.

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.