Sei Investments Co. Raises Stock Position in Black Hills Co. (NYSE:BKH)

Sei Investments Co. raised its position in shares of Black Hills Co. (NYSE:BKH - Free Report) by 25.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,304 shares of the utilities provider's stock after buying an additional 4,589 shares during the period. Sei Investments Co.'s holdings in Black Hills were worth $1,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its stake in Black Hills by 66.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider's stock worth $25,000 after purchasing an additional 173 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Black Hills by 182.8% during the 4th quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider's stock worth $27,000 after acquiring an additional 298 shares during the period. Versant Capital Management Inc raised 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 valued at $28,000 after purchasing an additional 305 shares during the period. Global Retirement Partners LLC raised its holdings in Black Hills by 373.2% in the 4th quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 418 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Black Hills by 83.3% during the 4th quarter. UMB Bank n.a. now owns 625 shares of the utilities provider's stock worth $37,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

Black Hills Stock Up 0.2 %

Shares of NYSE BKH traded up $0.14 during trading on Friday, hitting $58.39. 494,986 shares of the company traded hands, compared to its average volume of 457,556. 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 fifty-two week low of $50.73 and a fifty-two week high of $65.59. The business's fifty day moving average is $59.67 and its 200 day moving average is $59.92. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 2.75 and a beta of 0.64.

Black Hills (NYSE:BKH - Get Free Report) last posted its quarterly earnings data 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 7.82%. Equities research analysts predict that Black Hills Co. will post 4.12 earnings per share for the current fiscal year.

Black Hills Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.676 per share. This represents a $2.70 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Black Hills's previous quarterly dividend of $0.65. Black Hills's payout ratio is presently 68.88%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank dropped their price objective on 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 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.