Kennedy Capital Management LLC Cuts Stock Holdings in Black Hills Co. (NYSE:BKH)

Kennedy Capital Management LLC cut its position in shares of Black Hills Co. (NYSE:BKH - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,958 shares of the utilities provider's stock after selling 7,683 shares during the period. Kennedy Capital Management LLC owned 0.19% of Black Hills worth $7,839,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BKH. FMR LLC increased its position in Black Hills by 8.3% during the third quarter. FMR LLC now owns 117,828 shares of the utilities provider's stock worth $7,202,000 after acquiring an additional 9,002 shares during the period. Captrust Financial Advisors increased its stake in shares of 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 buying an additional 325 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Black Hills during the third quarter worth approximately $275,000. Stifel Financial Corp increased its stake in shares of Black Hills by 7.1% in the 3rd quarter. Stifel Financial Corp now owns 80,727 shares of the utilities provider's stock valued at $4,934,000 after buying an additional 5,373 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Black Hills during the third quarter worth $204,000. Institutional investors own 86.71% of the company's stock.

Black Hills Stock Up 0.1 %

NYSE:BKH traded up $0.07 on Wednesday, hitting $60.25. The stock had a trading volume of 87,464 shares, compared to its average volume of 456,247. The firm's fifty day simple moving average is $59.67 and its two-hundred day simple moving average is $59.90. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.77 and a current ratio of 0.97. Black Hills Co. has a 1 year low of $50.73 and a 1 year high of $65.59. The stock has a market cap of $4.34 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64.

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

Black Hills Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, February 18th were given a $0.676 dividend. This is a boost from Black Hills's previous quarterly dividend of $0.65. The ex-dividend date was Tuesday, February 18th. This represents a $2.70 dividend on an annualized basis and a yield of 4.49%. Black Hills's dividend payout ratio is presently 68.88%.

Analyst Ratings Changes

Separately, Scotiabank dropped their target price on Black Hills from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research 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.