Black Hills Co. (NYSE:BKH) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its stake in Black Hills Co. (NYSE:BKH - Free Report) by 70.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,928 shares of the utilities provider's stock after selling 126,283 shares during the period. Jane Street Group LLC owned approximately 0.08% of Black Hills worth $3,296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of BKH. Signaturefd LLC lifted its stake in shares of Black Hills by 4.1% during the 2nd quarter. Signaturefd LLC now owns 4,736 shares of the utilities provider's stock worth $258,000 after purchasing an additional 188 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Black Hills by 0.9% during the 2nd quarter. Acadian Asset Management LLC now owns 26,694 shares of the utilities provider's stock valued at $1,451,000 after acquiring an additional 249 shares during the period. Blue Trust Inc. lifted its position in Black Hills by 84.9% during the third quarter. Blue Trust Inc. now owns 577 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 265 shares during the period. Inspire Investing LLC grew its position in Black Hills by 4.1% during the 3rd quarter. Inspire Investing LLC now owns 6,741 shares of the utilities provider's stock worth $412,000 after purchasing an additional 266 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in Black Hills by 5.8% in the third quarter. Captrust Financial Advisors now owns 5,904 shares of the utilities provider's stock valued at $361,000 after acquiring an additional 325 shares during the period. Hedge funds and other institutional investors own 86.71% of the company's stock.

Wall Street Analyst Weigh In

Separately, Scotiabank boosted their target price on shares of Black Hills from $63.00 to $67.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Black Hills has an average rating of "Hold" and a consensus price target of $61.25.

Black Hills Stock Performance

Shares of BKH traded down $0.08 during midday trading on Friday, reaching $57.97. 1,816,945 shares of the stock were exchanged, compared to its average volume of 477,846. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.12 and a quick ratio of 0.83. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 4.41 and a beta of 0.71. The business's 50-day moving average price is $61.36 and its 200 day moving average price is $58.77. Black Hills Co. has a twelve month low of $49.33 and a twelve month high of $65.59.

Black Hills Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 18th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Monday, November 18th. Black Hills's payout ratio is currently 69.89%.

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.