Paradiem LLC Acquires New Holdings in Black Hills Co. (NYSE:BKH)

Paradiem LLC acquired a new stake in Black Hills Co. (NYSE:BKH - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 57,361 shares of the utilities provider's stock, valued at approximately $3,357,000. Paradiem LLC owned about 0.08% of Black Hills as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. increased its position in shares of Black Hills by 83.3% during the fourth quarter. UMB Bank n.a. now owns 625 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 284 shares during the last quarter. Hennessy Advisors Inc. grew its stake in Black Hills by 5.6% in the 4th quarter. Hennessy Advisors Inc. now owns 47,147 shares of the utilities provider's stock valued at $2,759,000 after purchasing an additional 2,500 shares during the period. Code Waechter LLC increased its position in shares of Black Hills by 7.8% during the 4th quarter. Code Waechter LLC now owns 7,102 shares of the utilities provider's stock valued at $416,000 after purchasing an additional 515 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Black Hills by 4,751.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 16,154 shares of the utilities provider's stock worth $945,000 after purchasing an additional 15,821 shares during the period. Finally, Diversified Trust Co boosted its holdings in shares of Black Hills by 8.2% in the 4th quarter. Diversified Trust Co now owns 12,161 shares of the utilities provider's stock worth $712,000 after buying an additional 922 shares during the last quarter. Institutional investors own 86.71% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised their price objective on shares of Black Hills from $63.00 to $67.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $61.25.

Black Hills Stock Performance

Shares of NYSE BKH traded down $0.26 during trading on Thursday, reaching $57.26. 419,300 shares of the stock traded hands, compared to its average volume of 476,657. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.12 and a quick ratio of 0.83. The stock has a market capitalization of $4.10 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 4.29 and a beta of 0.72. Black Hills Co. has a 52-week low of $49.33 and a 52-week high of $65.59. The company has a 50-day moving average of $60.01 and a 200-day moving average of $59.48.

Black Hills Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 18th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend was Monday, November 18th. Black Hills's dividend payout ratio (DPR) is currently 69.89%.

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.