Chartwell Investment Partners LLC Has $6.64 Million Stock Position in Black Hills Co. (NYSE:BKH)

Chartwell Investment Partners LLC decreased its position in shares of Black Hills Co. (NYSE:BKH - Free Report) by 10.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,617 shares of the utilities provider's stock after selling 12,186 shares during the quarter. Chartwell Investment Partners LLC owned about 0.16% of Black Hills worth $6,639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Leeward Investments LLC MA grew its position in Black Hills by 5.6% during the second quarter. Leeward Investments LLC MA now owns 170,148 shares of the utilities provider's stock worth $9,253,000 after buying an additional 9,048 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in Black Hills by 39.7% in the 1st quarter. Jupiter Asset Management Ltd. now owns 483,120 shares of the utilities provider's stock worth $26,378,000 after purchasing an additional 137,356 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Black Hills by 161.5% in the second quarter. Canada Pension Plan Investment Board now owns 54,400 shares of the utilities provider's stock worth $2,958,000 after acquiring an additional 33,600 shares during the period. Empowered Funds LLC purchased a new stake in shares of Black Hills in the 1st quarter worth $1,028,000. Finally, Qsemble Capital Management LP purchased a new position in shares of Black Hills during the 1st quarter valued at $535,000. Institutional investors own 86.71% of the company's stock.

Black Hills Price Performance

NYSE:BKH traded down $0.61 during trading hours on Tuesday, reaching $61.77. 550,877 shares of the company traded hands, compared to its average volume of 471,928. The firm's 50-day moving average is $60.25 and its 200-day moving average is $57.57. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.06 and a quick ratio of 0.94. The stock has a market cap of $4.31 billion, a P/E ratio of 16.78, a P/E/G ratio of 4.39 and a beta of 0.69. Black Hills Co. has a 1-year low of $48.27 and a 1-year high of $63.01.

Black Hills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 18th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Monday, November 18th. Black Hills's dividend payout ratio (DPR) is currently 69.89%.

Analyst Upgrades and Downgrades

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

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.