Universal Beteiligungs und Servicegesellschaft mbH Invests $3.33 Million in Black Hills Corporation (NYSE:BKH)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Black Hills Corporation (NYSE:BKH - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 54,949 shares of the utilities provider's stock, valued at approximately $3,333,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Black Hills at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in Black Hills by 1.9% during the first quarter. Principal Financial Group Inc. now owns 215,402 shares of the utilities provider's stock worth $13,064,000 after buying an additional 4,077 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Black Hills by 15.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,918 shares of the utilities provider's stock worth $480,000 after buying an additional 1,087 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Black Hills by 215.5% during the first quarter. Farther Finance Advisors LLC now owns 1,647 shares of the utilities provider's stock worth $100,000 after buying an additional 1,125 shares during the last quarter. GAMMA Investing LLC boosted its stake in Black Hills by 59.2% during the first quarter. GAMMA Investing LLC now owns 605 shares of the utilities provider's stock worth $37,000 after buying an additional 225 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Black Hills during the fourth quarter worth $96,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets started coverage on Black Hills in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $68.00 target price on the stock.

Black Hills Trading Up 0.5%

Shares of BKH stock traded up $0.29 on Friday, hitting $58.07. The stock had a trading volume of 174,732 shares, compared to its average volume of 511,088. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.76 and a quick ratio of 0.62. The firm has a market capitalization of $4.21 billion, a P/E ratio of 14.61, a P/E/G ratio of 2.64 and a beta of 0.70. Black Hills Corporation has a 1 year low of $54.92 and a 1 year high of $65.59. The company's 50 day moving average price is $57.01 and its 200-day moving average price is $58.65.

Black Hills (NYSE:BKH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $412.69 million. Black Hills had a return on equity of 7.87% and a net margin of 12.68%. The company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 EPS. Analysts anticipate that Black Hills Corporation will post 4.12 earnings per share for the current year.

Black Hills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, August 18th. Black Hills's payout ratio is presently 68.01%.

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.