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

Several other hedge funds and other institutional investors have also bought and sold shares of the business. NewEdge Advisors LLC boosted its position in Black Hills by 83.2% in the first quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider's stock worth $203,000 after purchasing an additional 1,519 shares during the last quarter. Millennium Management LLC boosted its position in Black Hills by 25.1% in the first quarter. Millennium Management LLC now owns 579,797 shares of the utilities provider's stock worth $35,165,000 after purchasing an additional 116,338 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Black Hills by 7.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider's stock worth $2,596,000 after purchasing an additional 2,906 shares during the last quarter. Clark Capital Management Group Inc. boosted its position in Black Hills by 14.0% in the first quarter. Clark Capital Management Group Inc. now owns 69,680 shares of the utilities provider's stock worth $4,226,000 after purchasing an additional 8,564 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Black Hills by 1.7% in the first quarter. AQR Capital Management LLC now owns 888,412 shares of the utilities provider's stock worth $53,829,000 after purchasing an additional 14,437 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company's stock.

Black Hills Stock Up 0.1%

Shares of NYSE BKH opened at $59.63 on Friday. Black Hills Corporation has a one year low of $54.92 and a one year 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. The business's fifty day moving average price is $58.55 and its 200-day moving average price is $58.85. The stock has a market capitalization of $4.34 billion, a PE ratio of 15.02, a P/E/G ratio of 2.77 and a beta of 0.74.

Black Hills (NYSE:BKH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.38 EPS for the quarter, meeting analysts' consensus estimates of $0.38. Black Hills had a return on equity of 7.81% and a net margin of 12.68%.The firm had revenue of $439.00 million for the quarter, compared to analysts' expectations of $412.69 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The business's revenue for the quarter was up 8.9% compared to the same quarter last year. Black Hills has set its FY 2025 guidance at 4.000-4.200 EPS. On average, equities research analysts anticipate that Black Hills Corporation will post 4.12 EPS for the current year.

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 4.5%. The ex-dividend date was Monday, August 18th. Black Hills's payout ratio is presently 68.01%.

Analysts Set New Price Targets

Several research firms have weighed in on BKH. BMO Capital Markets began coverage on Black Hills in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $68.00 price objective on the stock. Bank of America raised Black Hills from an "underperform" rating to a "neutral" rating and upped their price target for the company from $57.00 to $64.00 in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $66.00.

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.

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