Black Hills Co. (NYSE:BKH) Shares Acquired by Cwm LLC

Cwm LLC boosted its position in Black Hills Co. (NYSE:BKH) by 564.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,046 shares of the utilities provider’s stock after purchasing an additional 1,738 shares during the period. Cwm LLC’s holdings in Black Hills were worth $110,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in shares of Black Hills by 41.9% in the 4th quarter. Signaturefd LLC now owns 4,440 shares of the utilities provider’s stock valued at $240,000 after buying an additional 1,312 shares during the period. HTLF Bank purchased a new position in Black Hills in the fourth quarter worth $1,303,000. Daiwa Securities Group Inc. lifted its holdings in Black Hills by 20.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,550 shares of the utilities provider’s stock valued at $245,000 after acquiring an additional 771 shares during the period. Mackenzie Financial Corp boosted its position in shares of Black Hills by 1,285.4% during the 4th quarter. Mackenzie Financial Corp now owns 61,385 shares of the utilities provider’s stock worth $3,312,000 after purchasing an additional 56,954 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. grew its stake in shares of Black Hills by 11.3% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 20,051 shares of the utilities provider’s stock worth $1,082,000 after purchasing an additional 2,040 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Black Hills Trading Up 1.3 %

Shares of BKH opened at $56.48 on Tuesday. 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 $66.54. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 14.41 and a beta of 0.64. The firm has a 50 day simple moving average of $53.24 and a 200-day simple moving average of $52.44.

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 the consensus estimate 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 the consensus estimate of $863.67 million. During the same quarter last year, the business posted $1.11 earnings per share. Equities analysts forecast that Black Hills Co. will post 3.9 EPS for the current fiscal year.

Black Hills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.65 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.60 annualized dividend and a dividend yield of 4.60%. Black Hills’s dividend payout ratio is currently 66.33%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com cut shares of Black Hills from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th. Royal Bank of Canada decreased their price target on Black Hills from $61.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 9th. Finally, Scotiabank dropped their price objective on Black Hills from $58.00 to $54.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.00.

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.