Black Hills Co. (NYSE:BKH) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp raised its position in Black Hills Co. (NYSE:BKH - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,033 shares of the utilities provider's stock after purchasing an additional 9,306 shares during the period. Stifel Financial Corp owned about 0.13% of Black Hills worth $5,269,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Black Hills by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 8,602,223 shares of the utilities provider's stock worth $503,402,000 after acquiring an additional 37,790 shares during the last quarter. Capital Research Global Investors grew its position in shares of Black Hills by 21.5% in the fourth quarter. Capital Research Global Investors now owns 1,845,088 shares of the utilities provider's stock valued at $107,975,000 after purchasing an additional 326,959 shares during the period. Geode Capital Management LLC increased its stake in Black Hills by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 1,698,234 shares of the utilities provider's stock valued at $99,402,000 after purchasing an additional 35,077 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Black Hills by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,225,653 shares of the utilities provider's stock worth $71,725,000 after buying an additional 39,369 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Black Hills by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,037,622 shares of the utilities provider's stock worth $60,721,000 after buying an additional 37,487 shares during the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

Black Hills Trading Up 0.3 %

Shares of BKH traded up $0.21 during trading hours on Tuesday, hitting $61.25. The stock had a trading volume of 22,222 shares, compared to its average volume of 449,920. The firm has a market cap of $4.42 billion, a P/E ratio of 15.62, a P/E/G ratio of 2.75 and a beta of 0.74. Black Hills Co. has a 12-month low of $51.66 and a 12-month 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 company's fifty day simple moving average is $59.94 and its 200 day simple moving average is $59.93.

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

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Friday, May 16th will be given a $0.676 dividend. This represents a $2.70 annualized dividend and a yield of 4.41%. The ex-dividend date is Friday, May 16th. Black Hills's dividend payout ratio (DPR) is presently 68.88%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank decreased their target price 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 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.