Black Hills Co. (NYSE:BKH) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its position in Black Hills Co. (NYSE:BKH - Free Report) by 46.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 35,056 shares of the utilities provider's stock after purchasing an additional 11,120 shares during the period. Segall Bryant & Hamill LLC's holdings in Black Hills were worth $2,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zimmer Partners LP purchased a new position in shares of Black Hills in the third quarter worth about $96,374,000. Franklin Resources Inc. lifted its stake in Black Hills by 109.8% in the 3rd quarter. Franklin Resources Inc. now owns 882,646 shares of the utilities provider's stock worth $53,356,000 after purchasing an additional 461,894 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Black Hills during the 4th quarter worth approximately $10,490,000. Raymond James Financial Inc. purchased a new stake in shares of Black Hills in the fourth quarter valued at approximately $8,413,000. Finally, Invenomic Capital Management LP acquired a new stake in shares of Black Hills in the third quarter valued at approximately $8,260,000. Institutional investors and hedge funds own 86.71% of the company's stock.

Analysts Set New Price Targets

Separately, Scotiabank lowered their price objective on Black Hills from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th.

Black Hills Trading Up 0.4 %

NYSE:BKH traded up $0.22 on Tuesday, hitting $60.87. The stock had a trading volume of 427,523 shares, compared to its average volume of 452,193. The company has a fifty day moving average price of $59.70 and a two-hundred day moving average price of $60.09. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 2.75 and a beta of 0.68. The company has a quick ratio of 0.77, a current ratio of 0.97 and a debt-to-equity ratio of 1.19. Black Hills Co. has a 1-year low of $50.73 and a 1-year 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 for the quarter, topping the consensus estimate of $1.20 by $0.17. Black Hills had a return on equity of 7.82% and a net margin of 12.84%. Equities research analysts expect that Black Hills Co. will post 4.12 earnings per share for the current fiscal year.

Black Hills Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, February 18th were issued a $0.676 dividend. This is a positive change from Black Hills's previous quarterly dividend of $0.65. This represents a $2.70 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend was Tuesday, February 18th. Black Hills's payout ratio 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.