Black Hills Co. (NYSE:BKH) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Black Hills Co. (NYSE:BKH - Free Report) by 1,579.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,634 shares of the utilities provider's stock after acquiring an additional 79,595 shares during the quarter. SG Americas Securities LLC owned approximately 0.12% of Black Hills worth $4,953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in BKH. American Century Companies Inc. increased its stake in Black Hills by 89.3% during the 2nd quarter. American Century Companies Inc. now owns 20,962 shares of the utilities provider's stock worth $1,140,000 after buying an additional 9,886 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Black Hills by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 978,497 shares of the utilities provider's stock valued at $53,210,000 after buying an additional 78,958 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Black Hills during the second quarter worth about $259,000. Canada Pension Plan Investment Board lifted its stake in Black Hills by 161.5% in the second quarter. Canada Pension Plan Investment Board now owns 54,400 shares of the utilities provider's stock valued at $2,958,000 after buying an additional 33,600 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Black Hills by 58.7% in the 2nd quarter. Pacer Advisors Inc. now owns 16,070 shares of the utilities provider's stock valued at $874,000 after purchasing an additional 5,943 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company's stock.

Analysts Set New Price Targets

Separately, Scotiabank increased their target price 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 research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $61.25.

Black Hills Stock Performance

Shares of NYSE BKH traded up $0.28 during midday trading on Friday, hitting $57.59. 419,096 shares of the company's stock were exchanged, compared to its average volume of 374,290. The firm has a market cap of $4.12 billion, a P/E ratio of 15.48, a PEG ratio of 4.13 and a beta of 0.72. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.12 and a quick ratio of 0.83. Black Hills Co. has a twelve month low of $49.33 and a twelve month high of $65.59. The stock's 50 day moving average price is $59.91 and its 200-day moving average price is $59.51.

Black Hills Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors 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 4.70%. Black Hills's dividend payout ratio (DPR) is 69.89%.

About Black Hills

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.