Black Hills Co. (NYSE:BKH) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its holdings in shares of Black Hills Co. (NYSE:BKH - Free Report) by 7.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,770 shares of the utilities provider's stock after selling 11,803 shares during the period. Leeward Investments LLC MA owned 0.22% of Black Hills worth $9,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc raised its position in shares of Black Hills by 181.5% during the 4th quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider's stock worth $28,000 after acquiring an additional 305 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Black Hills by 373.2% during the fourth quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider's stock worth $31,000 after purchasing an additional 418 shares in the last quarter. Blue Trust Inc. raised its holdings in Black Hills by 84.9% during the third quarter. Blue Trust Inc. now owns 577 shares of the utilities provider's stock worth $35,000 after purchasing an additional 265 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Black Hills by 83.3% during the 4th quarter. UMB Bank n.a. now owns 625 shares of the utilities provider's stock worth $37,000 after buying an additional 284 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Black Hills in the 3rd quarter valued at $45,000. 86.71% of the stock is owned by institutional investors and hedge funds.

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Black Hills Stock Performance

Shares of BKH stock traded up $0.62 during trading hours on Wednesday, hitting $60.27. The stock had a trading volume of 639,058 shares, compared to its average volume of 470,637. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.97 and a quick ratio of 0.77. The firm has a market capitalization of $4.32 billion, a PE ratio of 15.37, a PEG ratio of 2.75 and a beta of 0.73. The stock's 50 day moving average is $58.54 and its 200 day moving average is $59.82. Black Hills Co. has a twelve month low of $50.72 and a twelve month high of $65.59.

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

Black Hills Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, February 18th will be issued a $0.676 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.49%. This is a positive change from Black Hills's previous quarterly dividend of $0.65. Black Hills's payout ratio is presently 68.88%.

Wall Street Analysts Forecast Growth

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

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.