Charles Schwab Investment Management Inc. Grows Stock Position in Black Hills Corporation (NYSE:BKH)

Charles Schwab Investment Management Inc. boosted its position in Black Hills Corporation (NYSE:BKH) by 0.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,226,794 shares of the utilities provider’s stock after buying an additional 1,141 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.70% of Black Hills worth $74,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Black Hills by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,634,076 shares of the utilities provider’s stock worth $523,657,000 after buying an additional 31,853 shares during the last quarter. Capital Research Global Investors increased its position in Black Hills by 21.5% in the fourth quarter. Capital Research Global Investors now owns 1,845,088 shares of the utilities provider’s stock worth $107,975,000 after buying an additional 326,959 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Black Hills by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,037,622 shares of the utilities provider’s stock worth $60,721,000 after buying an additional 37,487 shares during the last quarter. Northern Trust Corp increased its position in Black Hills by 11.6% in the fourth quarter. Northern Trust Corp now owns 1,016,477 shares of the utilities provider’s stock worth $59,484,000 after buying an additional 105,608 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Black Hills by 309.5% in the fourth quarter. First Trust Advisors LP now owns 953,431 shares of the utilities provider’s stock valued at $55,795,000 after purchasing an additional 720,628 shares in the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

Black Hills Price Performance

Shares of NYSE BKH opened at $61.48 on Thursday. The stock has a market cap of $4.48 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 2.83 and a beta of 0.71. Black Hills Corporation has a fifty-two week low of $54.92 and a fifty-two week high of $65.59. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.49 and a current ratio of 0.64. The stock has a fifty day moving average of $57.34 and a 200-day moving average of $58.76.

Black Hills (NYSE:BKH) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $412.69 million. Black Hills had a return on equity of 7.81% and a net margin of 12.68%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. Equities research analysts anticipate that Black Hills Corporation will post 4.12 earnings per share for the current year.

Black Hills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a yield of 4.4%. The ex-dividend date is Monday, August 18th. Black Hills’s payout ratio is presently 68.01%.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets assumed coverage on Black Hills in a research report on Tuesday, May 13th. They issued an “outperform” rating and a $68.00 price target for the company.

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.