Black Hills Co. (NYSE:BKH) Position Increased by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC lifted its position in shares of Black Hills Co. (NYSE:BKH - Free Report) by 6,074.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 35,809 shares of the utilities provider's stock after acquiring an additional 35,229 shares during the period. Pathway Financial Advisers LLC owned 0.05% of Black Hills worth $2,189,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Black Hills by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,203,786 shares of the utilities provider's stock worth $447,927,000 after acquiring an additional 60,219 shares during the last quarter. AQR Capital Management LLC grew its position in Black Hills by 31.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,147,939 shares of the utilities provider's stock valued at $62,425,000 after buying an additional 275,994 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Black Hills by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 978,497 shares of the utilities provider's stock valued at $53,210,000 after buying an additional 78,958 shares in the last quarter. Bank of New York Mellon Corp grew its position in Black Hills by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 949,278 shares of the utilities provider's stock valued at $51,622,000 after buying an additional 3,544 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in Black Hills by 39.7% in the 1st quarter. Jupiter Asset Management Ltd. now owns 483,120 shares of the utilities provider's stock valued at $26,378,000 after buying an additional 137,356 shares in the last quarter. Institutional investors own 86.71% of the company's stock.

Black Hills Price Performance

Shares of NYSE:BKH traded down $0.39 during trading hours on Wednesday, hitting $59.56. 489,129 shares of the company's stock traded hands, compared to its average volume of 468,400. Black Hills Co. has a 52 week low of $47.49 and a 52 week high of $62.20. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.94 and a current ratio of 1.06. The company's fifty day simple moving average is $60.09 and its two-hundred day simple moving average is $57.18. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 4.19 and a beta of 0.69.

Black Hills (NYSE:BKH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. Black Hills had a net margin of 12.96% and a return on equity of 8.21%. The company had revenue of $402.60 million during the quarter, compared to analyst estimates of $498.00 million. During the same quarter last year, the firm posted $0.35 EPS. The business's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts anticipate that Black Hills Co. will post 3.9 EPS for the current fiscal year.

Black Hills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 18th will be given a dividend of $0.65 per share. The ex-dividend date is Monday, November 18th. This represents a $2.60 annualized dividend and a dividend yield of 4.37%. Black Hills's dividend payout ratio (DPR) is 64.36%.

Analysts Set New Price Targets

BKH has been the subject of a number of recent analyst reports. Scotiabank increased their target price on shares of Black Hills from $54.00 to $63.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. Wells Fargo & Company increased their target price on shares of Black Hills from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $58.00.

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.