JPMorgan Chase & Co. Has $24.99 Million Stock Position in Black Hills Co. (NYSE:BKH)

JPMorgan Chase & Co. raised its holdings in shares of Black Hills Co. (NYSE:BKH - Free Report) by 16.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 408,877 shares of the utilities provider's stock after acquiring an additional 56,440 shares during the period. JPMorgan Chase & Co. owned approximately 0.57% of Black Hills worth $24,991,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Acadian Asset Management LLC lifted its position in shares of Black Hills by 0.9% in 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 in the last quarter. Blue Trust Inc. lifted its holdings in Black Hills by 84.9% in the 3rd quarter. Blue Trust Inc. now owns 577 shares of the utilities provider's stock worth $35,000 after purchasing an additional 265 shares during the last quarter. Inspire Investing LLC grew its stake in Black Hills by 4.1% in the 3rd quarter. Inspire Investing LLC now owns 6,741 shares of the utilities provider's stock valued at $412,000 after buying an additional 266 shares during the last quarter. Captrust Financial Advisors raised its holdings in Black Hills by 5.8% in the 3rd quarter. Captrust Financial Advisors now owns 5,904 shares of the utilities provider's stock worth $361,000 after acquiring an additional 325 shares during the period. Finally, D.A. Davidson & CO. grew its position in shares of Black Hills by 2.7% in the third quarter. D.A. Davidson & CO. now owns 13,667 shares of the utilities provider's stock valued at $835,000 after purchasing an additional 365 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

Analyst Ratings Changes

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

Black Hills Trading Down 0.1 %

Shares of BKH stock traded down $0.08 on Wednesday, hitting $56.11. The stock had a trading volume of 488,170 shares, compared to its average volume of 466,914. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 1.20. Black Hills Co. has a twelve month low of $49.33 and a twelve month high of $65.59. The company has a fifty day moving average price of $60.68 and a two-hundred day moving average price of $59.27. The firm has a market cap of $4.02 billion, a P/E ratio of 15.08, a PEG ratio of 4.41 and a beta of 0.72.

Black Hills Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 18th were issued a $0.65 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.63%. Black Hills's dividend payout ratio (DPR) is 69.89%.

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.