Pathway Financial Advisers LLC Has $35,000 Holdings in Black Hills Co. (NYSE:BKH)

Pathway Financial Advisers LLC cut its position in Black Hills Co. (NYSE:BKH - Free Report) by 98.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 592 shares of the utilities provider's stock after selling 35,217 shares during the quarter. Pathway Financial Advisers LLC's holdings in Black Hills were worth $35,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in Black Hills by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,663,157 shares of the utilities provider's stock valued at $101,671,000 after buying an additional 33,853 shares during the last quarter. Zimmer Partners LP bought a new stake in Black Hills in the 3rd quarter valued at $96,374,000. Franklin Resources Inc. boosted its holdings in Black Hills by 109.8% in the 3rd quarter. Franklin Resources Inc. now owns 882,646 shares of the utilities provider's stock valued at $53,356,000 after purchasing an additional 461,894 shares during the period. Barclays PLC boosted its holdings in Black Hills by 4.5% in the 3rd quarter. Barclays PLC now owns 500,826 shares of the utilities provider's stock valued at $30,610,000 after purchasing an additional 21,697 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Black Hills by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 408,877 shares of the utilities provider's stock valued at $24,991,000 after purchasing an additional 56,440 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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Black Hills Price Performance

Shares of Black Hills stock traded down $0.60 during mid-day trading on Monday, reaching $59.71. 395,067 shares of the stock were exchanged, compared to its average volume of 461,986. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 4.30 and a beta of 0.73. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 1.20. The firm has a 50-day simple moving average of $58.72 and a 200 day simple moving average of $59.73. Black Hills Co. has a fifty-two week low of $50.72 and a fifty-two week high of $65.59.

Black Hills (NYSE:BKH - Get Free Report) last announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.17. Black Hills had a net margin of 12.84% and a return on equity of 7.88%. On average, sell-side analysts predict that Black Hills Co. will post 4.13 EPS for the current fiscal year.

Black Hills Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Tuesday, February 18th will be given a $0.676 dividend. This represents a $2.70 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Black Hills's previous quarterly dividend of $0.65. Black Hills's dividend payout ratio (DPR) is presently 66.33%.

Wall Street Analysts Forecast Growth

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 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.