Inspire Advisors LLC Increases Stock Position in Black Hills Co. (NYSE:BKH)

Inspire Advisors LLC grew its stake in shares of Black Hills Co. (NYSE:BKH - Free Report) by 28.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,563 shares of the utilities provider's stock after purchasing an additional 7,945 shares during the period. Inspire Advisors LLC's holdings in Black Hills were worth $2,081,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of Black Hills by 66.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 173 shares during the period. Larson Financial Group LLC increased its position in shares of Black Hills by 182.8% during the fourth quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider's stock worth $27,000 after acquiring an additional 298 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Black Hills by 181.5% during the fourth quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider's stock worth $28,000 after acquiring an additional 305 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Black Hills by 373.2% during the fourth quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider's stock worth $31,000 after acquiring an additional 418 shares in the last quarter. Finally, 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 worth $37,000 after acquiring an additional 284 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

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Analyst Ratings Changes

Separately, Scotiabank decreased their target price on shares of Black Hills from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th.

Black Hills Stock Up 3.3 %

BKH stock traded up $1.97 during trading on Friday, reaching $61.27. The stock had a trading volume of 464,729 shares, compared to its average volume of 485,437. Black Hills Co. has a one year low of $50.72 and a one year high of $65.59. The company has a quick ratio of 0.77, a current ratio of 0.97 and a debt-to-equity ratio of 1.19. The company's 50 day moving average is $59.05 and its two-hundred day moving average is $60.03. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 2.75 and a beta of 0.68.

Black Hills (NYSE:BKH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.17. Black Hills had a net margin of 12.84% and a return on equity of 7.82%. Equities research analysts forecast that Black Hills Co. will post 4.12 EPS for the current year.

Black Hills Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Tuesday, February 18th were given a dividend of $0.676 per share. This is an increase from Black Hills's previous quarterly dividend of $0.65. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend was Tuesday, February 18th. Black Hills's dividend payout ratio is currently 68.88%.

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.