Tower Research Capital LLC TRC Boosts Holdings in Black Hills Co. (NYSE:BKH)

Tower Research Capital LLC TRC grew its stake in Black Hills Co. (NYSE:BKH - Free Report) by 462.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,348 shares of the utilities provider's stock after acquiring an additional 6,863 shares during the quarter. Tower Research Capital LLC TRC's holdings in Black Hills were worth $489,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC lifted its position in Black Hills by 66.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider's stock valued at $25,000 after buying an additional 173 shares during the last quarter. Barnett & Company Inc. increased its holdings in Black Hills by 2.7% in the 4th quarter. Barnett & Company Inc. now owns 7,500 shares of the utilities provider's stock valued at $439,000 after purchasing an additional 200 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Black Hills by 8.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,919 shares of the utilities provider's stock valued at $171,000 after purchasing an additional 222 shares during the period. Assetmark Inc. lifted its stake in Black Hills by 4.1% during the fourth quarter. Assetmark Inc. now owns 6,716 shares of the utilities provider's stock worth $393,000 after purchasing an additional 263 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Black Hills by 3.4% during the fourth quarter. State of Alaska Department of Revenue now owns 8,162 shares of the utilities provider's stock worth $477,000 after buying an additional 270 shares during the period. Hedge funds and other institutional investors own 86.71% of the company's stock.

Black Hills Stock Up 0.9 %

BKH stock traded up $0.53 during midday trading on Friday, hitting $61.28. The company's stock had a trading volume of 244,104 shares, compared to its average volume of 452,284. Black Hills Co. has a 52-week low of $51.66 and a 52-week high of $65.59. The firm has a 50-day simple moving average of $59.92 and a 200-day simple moving average of $59.96. 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 firm has a market capitalization of $4.42 billion, a P/E ratio of 15.63, a PEG ratio of 2.75 and a beta of 0.64.

Black Hills (NYSE:BKH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping 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%. As a group, equities analysts forecast that Black Hills Co. will post 4.12 EPS for the current year.

Black Hills Announces Dividend

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 paid a dividend of $0.676 per share. The ex-dividend date is Friday, May 16th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.41%. Black Hills's payout ratio is currently 68.88%.

Analyst Ratings Changes

Separately, Scotiabank decreased their target price on Black Hills from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research note 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.