Barclays PLC Has $3.44 Million Holdings in Black Hills Co. (NYSE:BKH)

Barclays PLC boosted its holdings in shares of Black Hills Co. (NYSE:BKH) by 6.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 57,032 shares of the utilities provider’s stock after acquiring an additional 3,244 shares during the quarter. Barclays PLC’s holdings in Black Hills were worth $3,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BKH. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Black Hills during the first quarter worth approximately $31,000. Belpointe Asset Management LLC increased its position in Black Hills by 60.6% during the first quarter. Belpointe Asset Management LLC now owns 652 shares of the utilities provider’s stock worth $41,000 after buying an additional 246 shares during the last quarter. Bartlett & Co. LLC acquired a new position in Black Hills during the second quarter worth approximately $48,000. Harbor Investment Advisory LLC increased its position in Black Hills by 39.3% during the second quarter. Harbor Investment Advisory LLC now owns 889 shares of the utilities provider’s stock worth $54,000 after buying an additional 251 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in Black Hills by 63.3% during the third quarter. CENTRAL TRUST Co now owns 890 shares of the utilities provider’s stock worth $61,000 after buying an additional 345 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Black Hills Trading Up 1.4 %

Shares of NYSE:BKH opened at $49.14 on Monday. The company has a market capitalization of $3.34 billion, a P/E ratio of 12.73, a P/E/G ratio of 5.96 and a beta of 0.64. Black Hills Co. has a 1 year low of $46.43 and a 1 year high of $73.98. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.77 and a quick ratio of 0.67. The business’s 50 day simple moving average is $51.17 and its 200 day simple moving average is $57.21.

Black Hills (NYSE:BKH) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.16. The business had revenue of $407.10 million for the quarter, compared to the consensus estimate of $579.85 million. Black Hills had a return on equity of 8.01% and a net margin of 10.08%. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. On average, research analysts anticipate that Black Hills Co. will post 3.75 EPS for the current fiscal year.

Black Hills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Thursday, November 16th. Black Hills’s payout ratio is presently 64.77%.

Analyst Ratings Changes

Several equities analysts have recently commented on BKH shares. StockNews.com started coverage on Black Hills in a research report on Thursday, October 5th. They issued a “sell” rating on the stock. Mizuho decreased their target price on Black Hills from $56.00 to $53.00 and set an “underperform” rating on the stock in a research report on Friday, September 22nd. TheStreet downgraded Black Hills from a “b” rating to a “c+” rating in a research report on Tuesday, September 5th. Wells Fargo & Company decreased their target price on Black Hills from $66.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, August 4th. Finally, Royal Bank of Canada decreased their target price on Black Hills from $68.00 to $61.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, Black Hills presently has an average rating of “Hold” and a consensus price target of $61.67.

Black Hills Profile

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 220,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,482 megawatts of generation capacity and 9,024 miles of electric transmission and distribution lines.