Black Hills Co. (NYSE:BKH) Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC trimmed its holdings in shares of Black Hills Co. (NYSE:BKH - Free Report) by 69.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,082 shares of the utilities provider's stock after selling 20,478 shares during the quarter. CWA Asset Management Group LLC's holdings in Black Hills were worth $532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BKH. Versant Capital Management Inc increased its stake in Black Hills by 181.5% during the 4th quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider's stock worth $28,000 after buying an additional 305 shares in the last quarter. Blue Trust Inc. increased its position in shares of Black Hills by 84.9% during the third quarter. Blue Trust Inc. now owns 577 shares of the utilities provider's stock worth $35,000 after purchasing an additional 265 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Black Hills during the third quarter worth approximately $45,000. Quarry LP raised its stake in Black Hills by 158.0% in the 2nd quarter. Quarry LP now owns 841 shares of the utilities provider's stock valued at $46,000 after purchasing an additional 515 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in Black Hills by 972.3% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 890 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 807 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company's stock.

Black Hills Trading Down 0.1 %

NYSE BKH traded down $0.08 on Thursday, reaching $56.11. 488,170 shares of the company were exchanged, compared to its average volume of 466,914. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 1.20. The business's fifty day moving average price is $60.55 and its 200 day moving average price is $59.22. The stock has a market capitalization of $4.02 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 4.41 and a beta of 0.72. Black Hills Co. has a fifty-two week low of $49.33 and a fifty-two week high of $65.59.

Black Hills Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 18th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend was Monday, November 18th. Black Hills's dividend payout ratio is currently 69.89%.

Analysts Set New Price Targets

Separately, Scotiabank upped their target price 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, Based on data from MarketBeat.com, Black Hills presently has a consensus rating of "Hold" and a consensus target price of $61.25.

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.