Pacer Advisors Inc. Reduces Position in Black Hills Co. (NYSE:BKH)

Pacer Advisors Inc. decreased its position in Black Hills Co. (NYSE:BKH - Free Report) by 36.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,236 shares of the utilities provider's stock after selling 5,760 shares during the period. Pacer Advisors Inc.'s holdings in Black Hills were worth $599,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BKH. KBC Group NV boosted its position in shares of Black Hills by 38.2% during the 4th quarter. KBC Group NV now owns 2,707 shares of the utilities provider's stock valued at $158,000 after purchasing an additional 748 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of Black Hills by 27.2% during the 4th quarter. Cornerstone Wealth Management LLC now owns 16,241 shares of the utilities provider's stock worth $950,000 after buying an additional 3,468 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Black Hills by 1,579.6% in the 4th quarter. SG Americas Securities LLC now owns 84,634 shares of the utilities provider's stock valued at $4,953,000 after acquiring an additional 79,595 shares in the last quarter. Paradiem LLC bought a new stake in shares of Black Hills in the 4th quarter valued at $3,357,000. Finally, 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 valued at $37,000 after acquiring an additional 284 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Black Hills Stock Performance

Black Hills stock traded up $0.60 during mid-day trading on Wednesday, reaching $59.77. The company's stock had a trading volume of 59,614 shares, compared to its average volume of 455,479. The company has a market capitalization of $4.28 billion, a P/E ratio of 16.07, a PEG ratio of 4.21 and a beta of 0.73. The firm's fifty day moving average price is $59.27 and its two-hundred day moving average price is $59.65. Black Hills Co. has a 12-month low of $49.33 and a 12-month high of $65.59. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.83 and a current ratio of 1.12.

Black Hills Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, February 18th will be given a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a yield of 4.52%. This is a boost from Black Hills's previous quarterly dividend of $0.65. The ex-dividend date is Tuesday, February 18th. Black Hills's payout ratio is presently 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.