Barclays PLC Raises Stock Position in Black Hills Co. (NYSE:BKH)

Barclays PLC boosted its holdings in shares of Black Hills Co. (NYSE:BKH - Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 500,826 shares of the utilities provider's stock after buying an additional 21,697 shares during the quarter. Barclays PLC owned approximately 0.70% of Black Hills worth $30,610,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in shares of Black Hills by 84.9% in the 3rd quarter. Blue Trust Inc. now owns 577 shares of the utilities provider's stock valued at $35,000 after buying an additional 265 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Black Hills in the third quarter valued at approximately $45,000. Quarry LP grew its holdings in Black Hills by 158.0% in the second quarter. Quarry LP now owns 841 shares of the utilities provider's stock worth $46,000 after purchasing an additional 515 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Black Hills by 972.3% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 890 shares of the utilities provider's stock worth $48,000 after purchasing an additional 807 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of Black Hills during the 3rd quarter valued at $82,000. Institutional investors own 86.71% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Scotiabank boosted their price target on Black Hills from $63.00 to $67.00 and gave the stock a "sector perform" rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $61.25.

Black Hills Stock Performance

NYSE:BKH traded down $0.02 during midday trading on Friday, hitting $60.96. The company's stock had a trading volume of 461,089 shares, compared to its average volume of 471,350. Black Hills Co. has a fifty-two week low of $49.33 and a fifty-two week high of $65.59. 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 firm has a market cap of $4.36 billion, a P/E ratio of 16.39, a P/E/G ratio of 4.41 and a beta of 0.71. The firm's 50 day moving average is $61.36 and its 200-day moving average is $58.68.

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 18th were paid a dividend of $0.65 per share. The ex-dividend date was Monday, November 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.27%. Black Hills's payout ratio is currently 69.89%.

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.