Black Hills Corporation (NYSE:BKH) Stock Holdings Boosted by South Dakota Investment Council

South Dakota Investment Council raised its position in Black Hills Corporation (NYSE:BKH - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,175 shares of the utilities provider's stock after acquiring an additional 5,400 shares during the period. South Dakota Investment Council owned approximately 0.11% of Black Hills worth $4,681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Financial Counselors Inc. lifted its stake in shares of Black Hills by 0.3% during the first quarter. Financial Counselors Inc. now owns 54,175 shares of the utilities provider's stock worth $3,286,000 after buying an additional 176 shares during the period. Xponance Inc. lifted its position in Black Hills by 1.9% during the first quarter. Xponance Inc. now owns 10,218 shares of the utilities provider's stock valued at $620,000 after purchasing an additional 188 shares during the period. EP Wealth Advisors LLC lifted its position in Black Hills by 5.9% during the fourth quarter. EP Wealth Advisors LLC now owns 3,528 shares of the utilities provider's stock valued at $206,000 after purchasing an additional 197 shares during the period. Barnett & Company Inc. lifted its position in Black Hills by 2.7% during the fourth quarter. Barnett & Company Inc. now owns 7,500 shares of the utilities provider's stock valued at $439,000 after purchasing an additional 200 shares during the period. Finally, State of Michigan Retirement System lifted its position in Black Hills by 1.2% during the first quarter. State of Michigan Retirement System now owns 17,100 shares of the utilities provider's stock valued at $1,037,000 after purchasing an additional 200 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Black Hills Trading Up 1.4%

NYSE:BKH traded up $0.77 on Monday, hitting $57.60. The stock had a trading volume of 501,958 shares, compared to its average volume of 476,994. The company has a quick ratio of 0.62, a current ratio of 0.76 and a debt-to-equity ratio of 1.06. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 2.63 and a beta of 0.70. The company has a fifty day moving average price of $57.24 and a two-hundred day moving average price of $58.64. Black Hills Corporation has a 1-year low of $54.92 and a 1-year high of $65.59.

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

Black Hills Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Friday, May 16th were given a $0.676 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Friday, May 16th. Black Hills's dividend payout ratio (DPR) is 68.88%.

Wall Street Analysts Forecast Growth

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 for the company.

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.