Squarepoint Ops LLC bought a new stake in Black Hills Co. (NYSE:BKH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,174 shares of the utilities provider's stock, valued at approximately $303,000.
Several other hedge funds have also bought and sold shares of BKH. Vanguard Group Inc. lifted its stake in shares of Black Hills by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 8,602,223 shares of the utilities provider's stock worth $503,402,000 after buying an additional 37,790 shares during the last quarter. Capital Research Global Investors lifted its position in Black Hills by 21.5% during the fourth quarter. Capital Research Global Investors now owns 1,845,088 shares of the utilities provider's stock worth $107,975,000 after acquiring an additional 326,959 shares during the last quarter. Geode Capital Management LLC lifted its position in Black Hills by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 1,698,234 shares of the utilities provider's stock worth $99,402,000 after acquiring an additional 35,077 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Black Hills by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,225,653 shares of the utilities provider's stock worth $71,725,000 after acquiring an additional 39,369 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Black Hills by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,037,622 shares of the utilities provider's stock worth $60,721,000 after purchasing an additional 37,487 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts recently weighed in on BKH shares. BMO Capital Markets started coverage on Black Hills in a report on Tuesday, May 13th. They set an "outperform" rating and a $68.00 price target for the company. Scotiabank dropped their target price on Black Hills from $67.00 to $66.00 and set a "sector perform" rating for the company in a report on Friday, February 7th.
Read Our Latest Research Report on Black Hills
Black Hills Price Performance
Shares of Black Hills stock opened at $57.14 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.97 and a debt-to-equity ratio of 1.19. Black Hills Co. has a twelve month low of $51.66 and a twelve month high of $65.59. The company has a 50-day simple moving average of $59.09 and a two-hundred day simple moving average of $59.57. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 2.75 and a beta of 0.72.
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 for the quarter, missing analysts' consensus estimates of $1.92 by ($0.05). The business had revenue of $805.20 million during the quarter, compared to analyst estimates of $729.73 million. Black Hills had a net margin of 12.84% and a return on equity of 7.82%. The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 earnings per share. Analysts forecast that Black Hills Co. will post 4.12 EPS for the current year.
Black Hills Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Friday, May 16th were given a $0.676 dividend. This represents a $2.70 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend was Friday, May 16th. Black Hills's payout ratio is presently 68.88%.
About Black Hills
(
Free Report)
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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