Keeley Teton Advisors LLC Purchases 24,725 Shares of Black Hills Co. (NYSE:BKH)

Keeley Teton Advisors LLC increased its stake in shares of Black Hills Co. (NYSE:BKH - Free Report) by 32.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,404 shares of the utilities provider's stock after buying an additional 24,725 shares during the period. Keeley Teton Advisors LLC owned about 0.14% of Black Hills worth $5,934,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Black Hills by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 8,602,223 shares of the utilities provider's stock worth $503,402,000 after purchasing an additional 37,790 shares during the last quarter. Geode Capital Management LLC increased its position in Black Hills by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 1,698,234 shares of the utilities provider's stock worth $99,402,000 after buying an additional 35,077 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Black Hills by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,225,653 shares of the utilities provider's stock valued at $71,725,000 after buying an additional 39,369 shares during the period. Franklin Resources Inc. lifted its position in shares of Black Hills by 1.7% during the 4th quarter. Franklin Resources Inc. now owns 897,245 shares of the utilities provider's stock valued at $52,507,000 after buying an additional 14,599 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Black Hills by 5.7% during the 4th quarter. Invesco Ltd. now owns 831,156 shares of the utilities provider's stock valued at $48,639,000 after buying an additional 44,515 shares in the last quarter. Institutional investors own 86.71% of the company's stock.

Wall Street Analyst Weigh In

Separately, Scotiabank reduced their price objective on shares of Black Hills from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th.

Black Hills Price Performance

Shares of BKH traded up $0.49 during midday trading on Friday, reaching $60.52. The stock had a trading volume of 492,012 shares, compared to its average volume of 457,893. The company has a current ratio of 0.97, a quick ratio of 0.77 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64. The company's 50-day moving average is $59.70 and its 200 day moving average is $59.90. Black Hills Co. has a 12-month low of $51.66 and a 12-month high of $65.59.

Black Hills (NYSE:BKH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping the consensus estimate of $1.20 by $0.17. Black Hills had a net margin of 12.84% and a return on equity of 7.82%. On average, equities analysts predict that Black Hills Co. will post 4.12 EPS for the current fiscal year.

Black Hills Increases Dividend

The business 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 annualized dividend and a yield of 4.47%. This is a positive change from Black Hills's previous quarterly dividend of $0.65. The ex-dividend date was Tuesday, February 18th. Black Hills's dividend payout ratio (DPR) is presently 68.88%.

Black Hills 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.