Atria Wealth Solutions Inc. Sells 6,986 Shares of Black Hills Co. (NYSE:BKH)

Atria Wealth Solutions Inc. decreased its holdings in shares of Black Hills Co. (NYSE:BKH - Free Report) by 49.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,139 shares of the utilities provider's stock after selling 6,986 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Black Hills were worth $418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc raised its holdings in shares of Black Hills by 181.5% in the fourth quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider's stock valued at $28,000 after buying an additional 305 shares during the last quarter. Blue Trust Inc. grew its position in shares of Black Hills by 84.9% during the 3rd quarter. Blue Trust Inc. now owns 577 shares of the utilities provider's stock worth $35,000 after buying an additional 265 shares during the period. UMB Bank n.a. boosted 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 purchasing an additional 284 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Black Hills in the third quarter valued at about $45,000. Finally, Point72 DIFC Ltd bought a new stake in Black Hills during the 3rd quarter worth approximately $82,000. Institutional investors own 86.71% of the company's stock.

Black Hills Price Performance

Shares of Black Hills stock traded up $0.74 during trading on Monday, reaching $61.92. 253,655 shares of the company's stock were exchanged, compared to its average volume of 469,546. The company has a market cap of $4.43 billion, a P/E ratio of 15.75, a PEG ratio of 2.75 and a beta of 0.73. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.77 and a current ratio of 0.97. The firm's 50-day moving average price is $58.70 and its 200 day moving average price is $59.89. Black Hills Co. has a 1-year low of $50.72 and a 1-year high of $65.59.

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Black Hills (NYSE:BKH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating 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%. As a group, research analysts anticipate that Black Hills Co. will post 4.12 earnings per share for the current year.

Black Hills Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.676 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.37%. This is a boost from Black Hills's previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Tuesday, February 18th. Black Hills's payout ratio is presently 68.88%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reduced 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 report on Friday, February 7th.

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.