Tudor Investment Corp ET AL Has $7.13 Million Stock Position in Black Hills Co. (NYSE:BKH)

Tudor Investment Corp ET AL increased its position in shares of Black Hills Co. (NYSE:BKH - Free Report) by 66.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,813 shares of the utilities provider's stock after purchasing an additional 48,518 shares during the quarter. Tudor Investment Corp ET AL owned 0.17% of Black Hills worth $7,128,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of Black Hills by 66.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider's stock worth $25,000 after acquiring an additional 173 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Black Hills by 182.8% in the 4th quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 298 shares in the last quarter. Versant Capital Management Inc increased its stake 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 valued at $28,000 after purchasing an additional 305 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Black Hills by 373.2% during the 4th quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider's stock worth $31,000 after buying an additional 418 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Black Hills by 83.3% during the 4th quarter. UMB Bank n.a. now owns 625 shares of the utilities provider's stock worth $37,000 after buying an additional 284 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Scotiabank lowered their target price on Black Hills from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th.

Black Hills Price Performance

Shares of NYSE BKH remained flat at $61.28 during mid-day trading on Monday. The company had a trading volume of 42,450 shares, compared to its average volume of 450,860. 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 0.74. Black Hills Co. has a 12 month low of $51.66 and a 12 month high of $65.59. The company has a current ratio of 0.97, a quick ratio of 0.77 and a debt-to-equity ratio of 1.19. The firm's fifty day simple moving average is $59.92 and its 200 day simple moving average 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 analysts' consensus estimates 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, equities research analysts anticipate that Black Hills Co. will post 4.12 earnings per share for the current fiscal year.

Black Hills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Friday, May 16th will be issued 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 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.