Susquehanna Fundamental Investments LLC Purchases New Shares in Black Hills Co. (NYSE:BKH)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Black Hills Co. (NYSE:BKH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,071 shares of the utilities provider's stock, valued at approximately $882,000.

A number of other hedge funds have also recently bought and sold shares of BKH. Smartleaf Asset Management LLC boosted 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 during the last quarter. Larson Financial Group LLC lifted its stake in Black Hills by 182.8% in the fourth quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider's stock valued at $27,000 after buying an additional 298 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Black Hills by 181.5% in the 4th quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider's stock worth $28,000 after acquiring an additional 305 shares during the period. Global Retirement Partners LLC lifted its position in Black Hills by 373.2% during the fourth quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider's stock worth $31,000 after buying an additional 418 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Black Hills by 83.3% in the fourth quarter. UMB Bank n.a. now owns 625 shares of the utilities provider's stock valued at $37,000 after buying an additional 284 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.

Black Hills Stock Performance

BKH stock traded down $1.72 during trading on Thursday, hitting $60.03. 199,690 shares of the company traded hands, compared to its average volume of 450,016. The stock's 50-day simple moving average is $59.97 and its 200 day simple moving average is $59.95. 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 has a market cap of $4.33 billion, a PE ratio of 15.31, a P/E/G ratio of 2.75 and a beta of 0.74. Black Hills Co. has a 1 year low of $51.66 and a 1 year high of $66.00.

Black Hills (NYSE:BKH - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $1.92 by ($0.05). The business had revenue of $805.20 million during 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 revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.87 EPS. On average, equities analysts expect that Black Hills Co. will post 4.12 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Friday, May 16th will be given a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Friday, May 16th. Black Hills's dividend payout ratio (DPR) is 68.88%.

Analyst Upgrades and Downgrades

Separately, Scotiabank dropped their price target on 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 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.