Fox Run Management L.L.C. Grows Stock Position in Black Hills Co. (NYSE:BKH)

Fox Run Management L.L.C. lifted its position in shares of Black Hills Co. (NYSE:BKH - Free Report) by 127.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,205 shares of the utilities provider's stock after buying an additional 6,841 shares during the period. Fox Run Management L.L.C.'s holdings in Black Hills were worth $714,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BKH. Natixis Advisors LLC lifted its stake in shares of Black Hills by 14.1% during the 3rd quarter. Natixis Advisors LLC now owns 20,034 shares of the utilities provider's stock worth $1,224,000 after purchasing an additional 2,475 shares during the period. Swiss National Bank boosted its stake in Black Hills by 0.4% in the 3rd quarter. Swiss National Bank now owns 134,679 shares of the utilities provider's stock worth $8,232,000 after buying an additional 500 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in Black Hills in the 3rd quarter valued at about $1,463,000. Advisors Asset Management Inc. increased its stake in shares of Black Hills by 5.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 20,747 shares of the utilities provider's stock valued at $1,268,000 after acquiring an additional 1,126 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Black Hills by 176.5% during the 3rd quarter. Intech Investment Management LLC now owns 13,189 shares of the utilities provider's stock worth $806,000 after acquiring an additional 8,419 shares during the period. Institutional investors and hedge funds own 86.71% of the company's stock.

Black Hills Trading Up 0.7 %

BKH stock traded up $0.40 during trading on Friday, reaching $60.02. 587,513 shares of the stock traded hands, compared to its average volume of 451,612. The business's 50 day moving average price is $59.66 and its 200-day moving average price is $60.08. The firm has a market capitalization of $4.33 billion, a PE ratio of 15.31, a P/E/G ratio of 2.75 and a beta of 0.68. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.97 and a quick ratio of 0.77. Black Hills Co. has a 52-week low of $50.73 and a 52-week high of $65.59.

Black Hills (NYSE:BKH - Get Free Report) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that Black Hills Co. will post 4.12 earnings per share for the current year.

Black Hills Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, February 18th were given a dividend of $0.676 per share. This represents a $2.70 dividend on an annualized basis and a yield of 4.51%. This is a boost from Black Hills's previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Tuesday, February 18th. Black Hills's dividend payout ratio is 68.88%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lowered their target price on shares of Black Hills from $67.00 to $66.00 and set a "sector perform" rating for the company in a 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.