Y Intercept Hong Kong Ltd Sells 15,070 Shares of Black Hills Co. (NYSE:BKH)

Y Intercept Hong Kong Ltd cut its position in Black Hills Co. (NYSE:BKH - Free Report) by 67.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,158 shares of the utilities provider's stock after selling 15,070 shares during the period. Y Intercept Hong Kong Ltd's holdings in Black Hills were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Marshall Investment Management LLC purchased a new stake in shares of Black Hills in the 4th quarter valued at about $54,000. Navellier & Associates Inc. acquired a new position in Black Hills during the fourth quarter worth $591,000. Ieq Capital LLC acquired a new stake in shares of Black Hills in the fourth quarter valued at about $643,000. Private Advisor Group LLC grew its holdings in shares of Black Hills by 74.2% in the 4th quarter. Private Advisor Group LLC now owns 6,975 shares of the utilities provider's stock worth $408,000 after acquiring an additional 2,971 shares during the period. Finally, Global Retirement Partners LLC increased its position in shares of Black Hills by 373.2% in the fourth quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider's stock valued at $31,000 after buying an additional 418 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Black Hills Stock Down 1.4 %

BKH stock traded down $0.86 during midday trading on Thursday, hitting $59.27. 125,557 shares of the company's stock were exchanged, compared to its average volume of 469,732. The company has a current ratio of 0.97, a quick ratio of 0.77 and a debt-to-equity ratio of 1.19. Black Hills Co. has a 12-month low of $50.72 and a 12-month high of $65.59. The firm has a 50 day moving average price of $58.83 and a 200-day moving average price of $59.94. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 2.75 and a beta of 0.68.

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Black Hills (NYSE:BKH - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping the consensus estimate of $1.20 by $0.17. Black Hills had a net margin of 12.84% and a return on equity of 7.82%. On average, analysts anticipate 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 issued a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a dividend yield of 4.56%. This is an increase from Black Hills's previous quarterly dividend of $0.65. The ex-dividend date was Tuesday, February 18th. Black Hills's dividend payout ratio is currently 68.88%.

Wall Street Analyst Weigh In

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

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.