Fuller & Thaler Asset Management Inc. Sells 322,568 Shares of Black Hills Co. (NYSE:BKH)

Fuller & Thaler Asset Management Inc. decreased its position in shares of Black Hills Co. (NYSE:BKH - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,328,852 shares of the utilities provider's stock after selling 322,568 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 1.86% of Black Hills worth $77,764,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings 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 valued at $25,000 after acquiring an additional 173 shares during the period. Larson Financial Group LLC boosted 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 acquiring an additional 298 shares during the period. Versant Capital Management Inc lifted its holdings in Black Hills by 181.5% in the fourth quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider's stock worth $28,000 after purchasing an additional 305 shares during the period. Global Retirement Partners LLC lifted its holdings in Black Hills by 373.2% in the fourth quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider's stock worth $31,000 after purchasing an additional 418 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Black Hills by 83.3% in the fourth quarter. UMB Bank n.a. now owns 625 shares of the utilities provider's stock worth $37,000 after purchasing an additional 284 shares during the period. Institutional investors and hedge funds own 86.71% of the company's stock.

Wall Street Analyst Weigh In

Separately, Scotiabank dropped their price target on shares of Black Hills from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th.

Black Hills Trading Up 0.5 %

NYSE BKH traded up $0.29 on Tuesday, hitting $61.12. 44,635 shares of the company were exchanged, compared to its average volume of 454,351. The firm has a market capitalization of $4.41 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64. Black Hills Co. has a twelve month low of $51.66 and a twelve month high of $65.59. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.97 and a quick ratio of 0.77. The company's 50 day moving average price is $59.80 and its 200-day moving average price is $59.94.

Black Hills (NYSE:BKH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.20 by $0.17. Black Hills had a return on equity of 7.82% and a net margin of 12.84%. Analysts predict that Black Hills Co. will post 4.12 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Friday, May 16th will be issued a $0.676 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.70 annualized dividend and a yield of 4.42%. Black Hills's dividend payout ratio (DPR) is presently 68.88%.

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.