Black Hills Co. (NYSE:BKH) Shares Sold by Entropy Technologies LP

Entropy Technologies LP lessened its stake in shares of Black Hills Co. (NYSE:BKH - Free Report) by 58.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,607 shares of the utilities provider's stock after selling 10,810 shares during the period. Entropy Technologies LP's holdings in Black Hills were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC purchased a new stake in Black Hills in the 1st quarter valued at about $31,000. Blue Trust Inc. raised its holdings in 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 during the period. Capital Performance Advisors LLP purchased a new stake in Black Hills in the 3rd quarter valued at about $45,000. Quarry LP raised its holdings 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 buying an additional 515 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised 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 buying an additional 807 shares during the period. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on BKH. Scotiabank boosted their price objective on shares of Black Hills from $54.00 to $63.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. Wells Fargo & Company lifted their target price on Black Hills from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $58.00.

Black Hills Trading Up 0.1 %

NYSE BKH traded up $0.06 during trading on Friday, hitting $62.74. The stock had a trading volume of 502,865 shares, compared to its average volume of 475,153. The company has a market capitalization of $4.49 billion, a PE ratio of 16.87, a PEG ratio of 4.56 and a beta of 0.69. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average price of $60.49 and a 200 day moving average price of $57.75. Black Hills Co. has a twelve month low of $49.33 and a twelve month high of $63.60.

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 18th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Monday, November 18th. Black Hills's dividend payout ratio is presently 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.