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

Voloridge Investment Management LLC lowered its position in Black Hills Co. (NYSE:BKH - Free Report) by 82.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,367 shares of the utilities provider's stock after selling 98,416 shares during the quarter. Voloridge Investment Management LLC's holdings in Black Hills were worth $1,250,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Waverly Advisors LLC increased its position in shares of Black Hills by 6.5% during the fourth quarter. Waverly Advisors LLC now owns 43,786 shares of the utilities provider's stock valued at $2,562,000 after purchasing an additional 2,671 shares during the period. Squarepoint Ops LLC acquired a new stake in Black Hills during the fourth quarter worth $303,000. WBI Investments LLC increased its holdings in Black Hills by 2.5% in the 4th quarter. WBI Investments LLC now owns 8,344 shares of the utilities provider's stock valued at $488,000 after buying an additional 203 shares during the period. Twinbeech Capital LP bought a new stake in Black Hills in the 4th quarter valued at $931,000. Finally, ProShare Advisors LLC raised its stake in shares of Black Hills by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 698,890 shares of the utilities provider's stock valued at $40,899,000 after buying an additional 20,102 shares in the last quarter. Institutional investors own 86.71% of the company's stock.

Analyst Upgrades and Downgrades

BKH has been the topic of several recent research reports. BMO Capital Markets began coverage on shares of Black Hills in a research report on Tuesday, May 13th. They set an "outperform" rating and a $68.00 target price on the stock. Scotiabank cut their price target on shares of 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 Price Performance

NYSE:BKH traded down $0.09 during trading hours on Monday, reaching $58.38. The company had a trading volume of 504,149 shares, compared to its average volume of 454,185. 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 50-day moving average of $59.31 and a two-hundred day moving average of $59.67. Black Hills Co. has a one year low of $51.66 and a one year high of $65.59. The firm has a market capitalization of $4.23 billion, a PE ratio of 14.89, a PEG ratio of 2.75 and a beta of 0.74.

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

Black Hills Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Friday, May 16th were given a $0.676 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.70 dividend on an annualized basis and a yield of 4.63%. Black Hills's dividend payout ratio (DPR) is presently 68.88%.

Black Hills Company 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.