Rhumbline Advisers Boosts Stock Position in Black Hills Co. (NYSE:BKH)

Rhumbline Advisers increased its stake in Black Hills Co. (NYSE:BKH - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 240,408 shares of the utilities provider's stock after buying an additional 6,843 shares during the period. Rhumbline Advisers owned about 0.34% of Black Hills worth $14,069,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of BKH. Blue Trust Inc. lifted its holdings in Black Hills by 84.9% in 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 during the period. State of Alaska Department of Revenue boosted its position in shares of Black Hills by 3.4% in the fourth quarter. State of Alaska Department of Revenue now owns 8,162 shares of the utilities provider's stock worth $477,000 after buying an additional 270 shares during the period. UMB Bank n.a. lifted its holdings 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 buying an additional 284 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Black Hills by 181.5% in the fourth quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider's stock worth $28,000 after buying an additional 305 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in Black Hills by 5.8% during the third quarter. Captrust Financial Advisors now owns 5,904 shares of the utilities provider's stock valued at $361,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 86.71% of the company's stock.

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Wall Street Analyst Weigh In

Separately, Scotiabank dropped 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 research note on Friday, February 7th.

Black Hills Price Performance

Shares of NYSE BKH traded up $0.53 during trading hours on Wednesday, hitting $60.18. 158,986 shares of the stock were exchanged, compared to its average volume of 457,514. 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 $50.72 and a 1-year high of $65.59. The company has a market cap of $4.31 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.73. The company's fifty day simple moving average is $58.54 and its two-hundred day simple moving average is $59.82.

Black Hills (NYSE:BKH - Get Free Report) last posted its quarterly earnings data 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%. On average, sell-side analysts predict that Black Hills Co. will post 4.12 EPS for the current year.

Black Hills Increases Dividend

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

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.