Tudor Investment Corp ET AL Increases Position in Black Hills Co. (NYSE:BKH)

Tudor Investment Corp ET AL boosted its stake in Black Hills Co. (NYSE:BKH - Free Report) by 66.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,813 shares of the utilities provider's stock after buying an additional 48,518 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.17% of Black Hills worth $7,128,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. First Trust Advisors LP lifted its position in Black Hills by 309.5% during the 4th quarter. First Trust Advisors LP now owns 953,431 shares of the utilities provider's stock worth $55,795,000 after buying an additional 720,628 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Black Hills by 109.8% in the third quarter. Franklin Resources Inc. now owns 882,646 shares of the utilities provider's stock worth $53,356,000 after acquiring an additional 461,894 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Black Hills by 21.5% during the fourth quarter. Capital Research Global Investors now owns 1,845,088 shares of the utilities provider's stock worth $107,975,000 after purchasing an additional 326,959 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Black Hills during the fourth quarter valued at approximately $10,490,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Black Hills in the fourth quarter valued at approximately $8,413,000. Institutional investors own 86.71% of the company's stock.

Black Hills Stock Up 0.9 %

BKH stock traded up $0.53 during mid-day trading on Friday, hitting $61.28. 244,104 shares of the company were exchanged, compared to its average volume of 452,284. The firm has a market cap of $4.42 billion, a P/E ratio of 15.63, a P/E/G ratio of 2.75 and a beta of 0.64. The firm's 50 day simple moving average is $59.92 and its 200 day simple moving average is $59.96. Black Hills Co. has a 1-year low of $51.66 and a 1-year 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.

Black Hills (NYSE:BKH - Get Free Report) last issued 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%. On average, sell-side analysts predict that Black Hills Co. will post 4.12 EPS 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. Investors of record on Friday, May 16th will be issued a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Friday, May 16th. Black Hills's dividend payout ratio (DPR) is presently 68.88%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank decreased their price objective 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.