Teacher Retirement System of Texas decreased its position in Black Hills Co. (NYSE:BKH - Free Report) by 75.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,370 shares of the utilities provider's stock after selling 41,742 shares during the period. Teacher Retirement System of Texas' holdings in Black Hills were worth $782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKH. Smartleaf Asset Management LLC lifted its holdings in shares of Black Hills by 66.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider's stock worth $25,000 after purchasing an additional 173 shares during the period. EverSource Wealth Advisors LLC raised its position in Black Hills by 8.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,919 shares of the utilities provider's stock worth $171,000 after buying an additional 222 shares during the last quarter. Assetmark Inc. lifted its stake in Black Hills by 4.1% during the 4th quarter. Assetmark Inc. now owns 6,716 shares of the utilities provider's stock valued at $393,000 after acquiring an additional 263 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Black Hills by 3.4% in the 4th quarter. State of Alaska Department of Revenue now owns 8,162 shares of the utilities provider's stock valued at $477,000 after acquiring an additional 270 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Black Hills by 83.3% in the fourth quarter. UMB Bank n.a. now owns 625 shares of the utilities provider's stock worth $37,000 after acquiring an additional 284 shares during the period. Institutional investors and hedge funds own 86.71% of the company's stock.
Black Hills Stock Performance
Shares of NYSE:BKH traded down $0.47 during trading on Thursday, hitting $60.75. 533,023 shares of the stock traded hands, compared to its average volume of 451,603. The company has a quick ratio of 0.77, a current ratio of 0.97 and a debt-to-equity ratio of 1.19. The company has a fifty day moving average price of $59.85 and a two-hundred day moving average price of $60.11. Black Hills Co. has a 52-week low of $50.73 and a 52-week high of $65.59. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 2.75 and a beta of 0.68.
Black Hills (NYSE:BKH - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share 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%. As a group, equities analysts predict that Black Hills Co. will post 4.12 EPS for the current year.
Black Hills Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders 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 4.45%. The ex-dividend date of this dividend was Tuesday, February 18th. Black Hills's dividend payout ratio (DPR) is presently 68.88%.
Analyst Upgrades and Downgrades
Separately, Scotiabank decreased their target price on shares of Black Hills from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th.
Check Out Our Latest Stock Report on BKH
About Black Hills
(
Free Report)
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.
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