Black Hills Co. (NYSE:BKH) Shares Bought by Signaturefd LLC

Signaturefd LLC lifted its holdings in Black Hills Co. (NYSE:BKH) by 41.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,440 shares of the utilities provider’s stock after acquiring an additional 1,312 shares during the period. Signaturefd LLC’s holdings in Black Hills were worth $240,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Black Hills by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,821,296 shares of the utilities provider’s stock valued at $395,679,000 after purchasing an additional 279,987 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Black Hills by 16.3% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,344,162 shares of the utilities provider’s stock valued at $68,001,000 after purchasing an additional 188,266 shares in the last quarter. Northern Trust Corp grew its holdings in Black Hills by 0.4% during the 3rd quarter. Northern Trust Corp now owns 957,856 shares of the utilities provider’s stock valued at $48,458,000 after purchasing an additional 3,925 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Black Hills by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 884,408 shares of the utilities provider’s stock valued at $44,742,000 after purchasing an additional 18,942 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Black Hills by 15.6% during the 3rd quarter. Invesco Ltd. now owns 786,811 shares of the utilities provider’s stock valued at $39,805,000 after purchasing an additional 106,464 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Black Hills Price Performance

Shares of BKH stock opened at $53.86 on Friday. The firm has a market cap of $3.68 billion, a P/E ratio of 13.74 and a beta of 0.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.70 and a quick ratio of 0.56. Black Hills Co. has a 1-year low of $46.43 and a 1-year high of $66.85. The firm has a fifty day moving average of $52.93 and a two-hundred day moving average of $52.26.

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

Black Hills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Friday, May 17th will be given a $0.65 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.83%. Black Hills’s payout ratio is currently 66.33%.

Analyst Upgrades and Downgrades

BKH has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered their price target on shares of Black Hills from $61.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 9th. StockNews.com lowered shares of Black Hills from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. Finally, Scotiabank decreased their price objective on shares of Black Hills from $58.00 to $54.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $55.00.

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.