Squarepoint Ops LLC acquired a new position in shares of Black Hills Co. (NYSE:BKH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,174 shares of the utilities provider's stock, valued at approximately $303,000.
Other large investors have also modified their holdings of the company. Retirement Systems of Alabama lifted its holdings in shares of Black Hills by 2.7% in the fourth quarter. Retirement Systems of Alabama now owns 87,026 shares of the utilities provider's stock valued at $5,093,000 after purchasing an additional 2,298 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Black Hills by 3.4% in the 4th quarter. State of Alaska Department of Revenue now owns 8,162 shares of the utilities provider's stock valued at $477,000 after buying an additional 270 shares during the period. Kingsview Wealth Management LLC acquired a new position in Black Hills in the 4th quarter valued at approximately $3,447,000. WCM Investment Management LLC increased its stake in Black Hills by 200.7% in the 4th quarter. WCM Investment Management LLC now owns 70,783 shares of the utilities provider's stock valued at $4,133,000 after buying an additional 47,244 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Black Hills by 3.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the utilities provider's stock valued at $1,165,000 after buying an additional 600 shares during the period. 86.71% of the stock is owned by institutional investors.
Black Hills Stock Performance
BKH stock traded up $0.29 during midday trading on Tuesday, hitting $57.68. 500,655 shares of the company traded hands, compared to its average volume of 456,825. Black Hills Co. has a twelve month low of $51.66 and a twelve month high of $65.59. The company has a quick ratio of 0.77, a current ratio of 0.97 and a debt-to-equity ratio of 1.19. The business has a 50 day simple moving average of $58.96 and a 200-day simple moving average of $59.46. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 2.75 and a beta of 0.72.
Black Hills (NYSE:BKH - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.05). The firm had revenue of $805.20 million for the quarter, compared to the consensus estimate of $729.73 million. Black Hills had a return on equity of 7.82% and a net margin of 12.84%. Black Hills's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 earnings per share. As a group, equities research analysts predict that Black Hills Co. will post 4.12 earnings per share for the current year.
Black Hills Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Friday, May 16th were paid a $0.676 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.69%. Black Hills's payout ratio is presently 68.88%.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets initiated coverage on Black Hills in a report on Tuesday, May 13th. They set an "outperform" rating and a $68.00 price objective for the company.
Check Out Our Latest Research Report on Black Hills
Black Hills Company Profile
(
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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