15,901 Shares in Black Hills Co. (NYSE:BKH) Purchased by Twinbeech Capital LP

Twinbeech Capital LP bought a new position in Black Hills Co. (NYSE:BKH - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 15,901 shares of the utilities provider's stock, valued at approximately $931,000.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in Black Hills by 66.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 173 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Black Hills by 182.8% during the fourth quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider's stock valued at $27,000 after buying an additional 298 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Black Hills by 373.2% during the fourth quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider's stock valued at $31,000 after buying an additional 418 shares during the last quarter. UMB Bank n.a. increased its position in shares of Black Hills by 83.3% during the fourth quarter. UMB Bank n.a. now owns 625 shares of the utilities provider's stock worth $37,000 after acquiring an additional 284 shares in the last quarter. Finally, Quarry LP increased its position in shares of Black Hills by 1,159.7% during the fourth quarter. Quarry LP now owns 781 shares of the utilities provider's stock worth $46,000 after acquiring an additional 719 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BMO Capital Markets initiated coverage on shares of Black Hills in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $68.00 price target on the stock. Scotiabank lowered their price objective on Black Hills from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th.

Black Hills Stock Up 0.8%

BKH traded up $0.45 during mid-day trading on Tuesday, reaching $58.51. 67,412 shares of the stock were exchanged, compared to its average volume of 472,105. Black Hills Co. has a 1 year low of $51.66 and a 1 year high of $65.59. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.77 and a current ratio of 0.97. The stock has a market capitalization of $4.24 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 2.75 and a beta of 0.74. The company has a 50 day moving average price of $59.43 and a two-hundred day moving average price of $59.82.

Black Hills (NYSE:BKH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.92 by ($0.05). Black Hills had a return on equity of 7.82% and a net margin of 12.84%. The firm had revenue of $805.20 million during the quarter, compared to the consensus estimate of $729.73 million. During the same period in the previous year, the company posted $1.87 earnings per share. The company's revenue for the quarter was up 10.8% on a year-over-year basis. As a group, research analysts anticipate that Black Hills Co. will post 4.12 EPS for the current year.

Black Hills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Friday, May 16th will be issued a dividend of $0.676 per share. The ex-dividend date is Friday, May 16th. This represents a $2.70 dividend on an annualized basis and a yield of 4.62%. Black Hills's dividend payout ratio (DPR) is currently 68.88%.

Black Hills 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.