Nisa Investment Advisors LLC Sells 3,718 Shares of Black Hills Co. (NYSE:BKH)

Nisa Investment Advisors LLC lowered its stake in Black Hills Co. (NYSE:BKH) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,102 shares of the utilities provider’s stock after selling 3,718 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Black Hills were worth $2,595,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BKH. State of Wyoming purchased a new stake in shares of Black Hills during the second quarter worth about $27,000. ST Germain D J Co. Inc. purchased a new position in shares of Black Hills in the 2nd quarter worth approximately $30,000. Geneos Wealth Management Inc. boosted its holdings in shares of Black Hills by 87.3% in the 3rd quarter. Geneos Wealth Management Inc. now owns 562 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 262 shares during the period. Belpointe Asset Management LLC lifted its stake in shares of Black Hills by 60.6% during the 1st quarter. Belpointe Asset Management LLC now owns 652 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 246 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of Black Hills by 678.4% during the 3rd quarter. Lindbrook Capital LLC now owns 685 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 597 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Scotiabank raised their price target on Black Hills from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. StockNews.com downgraded Black Hills from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th. Finally, Royal Bank of Canada decreased their price objective on Black Hills from $61.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, Black Hills currently has a consensus rating of “Hold” and an average target price of $55.80.

Black Hills Stock Performance

NYSE BKH opened at $52.28 on Friday. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 13.34 and a beta of 0.64. Black Hills Co. has a twelve month low of $46.43 and a twelve month high of $66.85. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average of $52.51 and a 200 day moving average of $51.98.

Black Hills (NYSE:BKH) last released its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. Black Hills had a return on equity of 8.09% and a net margin of 11.25%. The company had revenue of $591.70 million during the quarter, compared to analysts’ expectations of $863.67 million. During the same quarter in the prior year, the firm posted $1.11 EPS. Sell-side analysts anticipate that Black Hills Co. will post 3.9 EPS for the current fiscal year.

Black Hills Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.65 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.97%. This is a boost from Black Hills’s previous quarterly dividend of $0.63. Black Hills’s dividend payout ratio is presently 66.33%.

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.