Voloridge Investment Management LLC Has $1.25 Million Position in Black Hills Co. (NYSE:BKH)

Voloridge Investment Management LLC cut its position in Black Hills Co. (NYSE:BKH - Free Report) by 82.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,367 shares of the utilities provider's stock after selling 98,416 shares during the period. Voloridge Investment Management LLC's holdings in Black Hills were worth $1,250,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its position in shares of Black Hills by 66.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider's stock worth $25,000 after acquiring an additional 173 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of Black Hills by 5.9% during the fourth quarter. EP Wealth Advisors LLC now owns 3,528 shares of the utilities provider's stock worth $206,000 after acquiring an additional 197 shares in the last quarter. Barnett & Company Inc. increased its position in shares of Black Hills by 2.7% during the fourth quarter. Barnett & Company Inc. now owns 7,500 shares of the utilities provider's stock worth $439,000 after acquiring an additional 200 shares in the last quarter. WBI Investments LLC increased its position in shares of Black Hills by 2.5% during the fourth quarter. WBI Investments LLC now owns 8,344 shares of the utilities provider's stock worth $488,000 after acquiring an additional 203 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Black Hills by 8.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,919 shares of the utilities provider's stock worth $171,000 after acquiring an additional 222 shares in the last quarter. Institutional investors own 86.71% of the company's stock.

Black Hills Stock Performance

Shares of NYSE BKH traded up $0.40 during mid-day trading on Friday, reaching $58.51. 448,786 shares of the company were exchanged, compared to its average volume of 453,730. The company's 50-day simple moving average is $59.33 and its 200-day simple moving average is $59.74. 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 stock has a market capitalization of $4.24 billion, a P/E ratio of 14.93, a P/E/G ratio of 2.75 and a beta of 0.74. Black Hills Co. has a twelve month low of $51.66 and a twelve month high of $65.59.

Black Hills (NYSE:BKH - Get Free Report) last posted its earnings results 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). The company had revenue of $805.20 million for the quarter, compared to analyst estimates of $729.73 million. Black Hills had a return on equity of 7.82% and a net margin of 12.84%. The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.87 EPS. As a group, research analysts predict that Black Hills Co. will post 4.12 earnings per share for the current year.

Black Hills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Friday, May 16th will be paid a dividend of $0.676 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Friday, May 16th. Black Hills's dividend payout ratio is presently 68.88%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BKH. Scotiabank decreased their target price on shares of Black Hills from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. BMO Capital Markets began coverage on shares of Black Hills in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $68.00 target price for the company.

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.