Charles Schwab Investment Management Inc. Grows Stake in Black Hills Co. (NYSE:BKH)

Charles Schwab Investment Management Inc. grew its stake in Black Hills Co. (NYSE:BKH - Free Report) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,225,653 shares of the utilities provider's stock after acquiring an additional 39,369 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.71% of Black Hills worth $71,725,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BKH. Van ECK Associates Corp increased its holdings in shares of Black Hills by 7.3% in the 3rd quarter. Van ECK Associates Corp now owns 18,855 shares of the utilities provider's stock valued at $1,151,000 after acquiring an additional 1,282 shares during the period. Atria Investments Inc increased its holdings in shares of Black Hills by 18.7% in the 3rd quarter. Atria Investments Inc now owns 5,874 shares of the utilities provider's stock valued at $359,000 after acquiring an additional 926 shares during the period. WCM Investment Management LLC purchased a new position in shares of Black Hills in the 3rd quarter valued at $1,437,000. Aigen Investment Management LP increased its holdings in shares of Black Hills by 166.6% in the 3rd quarter. Aigen Investment Management LP now owns 13,512 shares of the utilities provider's stock valued at $826,000 after acquiring an additional 8,444 shares during the period. Finally, Barnett & Company Inc. purchased a new position in shares of Black Hills in the 3rd quarter valued at $446,000. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Black Hills Stock Up 0.1 %

Black Hills stock opened at $60.37 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.97 and a quick ratio of 0.77. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 2.75 and a beta of 0.68. Black Hills Co. has a 1-year low of $50.72 and a 1-year high of $65.59. The business has a fifty day moving average price of $58.94 and a 200-day moving average price of $60.03.

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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 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.17. Black Hills had a return on equity of 7.82% and a net margin of 12.84%. Equities research analysts forecast that Black Hills Co. will post 4.12 EPS for the current fiscal year.

Black Hills Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, February 18th were given a dividend of $0.676 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.70 dividend on an annualized basis and a yield of 4.48%. This is a boost from Black Hills's previous quarterly dividend of $0.65. Black Hills's payout ratio is currently 68.88%.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered their price objective on 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.

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.

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