WCM Investment Management LLC Purchases 47,244 Shares of Black Hills Co. (NYSE:BKH)

WCM Investment Management LLC increased its position in shares of Black Hills Co. (NYSE:BKH - Free Report) by 200.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,783 shares of the utilities provider's stock after acquiring an additional 47,244 shares during the quarter. WCM Investment Management LLC owned 0.10% of Black Hills worth $4,133,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kingsview Wealth Management LLC acquired a new position in Black Hills in the 4th quarter valued at approximately $3,447,000. State of Alaska Department of Revenue increased its stake in 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 buying an additional 270 shares during the period. Crewe Advisors LLC increased its stake in Black Hills by 49.0% in the 4th quarter. Crewe Advisors LLC now owns 3,082 shares of the utilities provider's stock valued at $180,000 after buying an additional 1,013 shares during the period. Retirement Systems of Alabama increased its stake in Black Hills by 2.7% in the 4th quarter. Retirement Systems of Alabama now owns 87,026 shares of the utilities provider's stock valued at $5,093,000 after buying an additional 2,298 shares during the period. Finally, Clear Creek Financial Management LLC acquired a new position in Black Hills in the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 86.71% of the company's stock.

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Black Hills Stock Up 0.4 %

BKH stock traded up $0.26 during trading hours on Thursday, hitting $60.36. The company's stock had a trading volume of 352,908 shares, compared to its average volume of 465,676. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $4.32 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 4.30 and a beta of 0.73. Black Hills Co. has a 12 month low of $50.72 and a 12 month high of $65.59. The stock has a 50 day moving average price of $58.79 and a two-hundred day moving average price of $59.71.

Black Hills (NYSE:BKH - Get Free Report) last posted its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping the consensus estimate of $1.20 by $0.17. Black Hills had a net margin of 12.84% and a return on equity of 7.88%. On average, equities research analysts expect that Black Hills Co. will post 4.13 earnings per share for the current year.

Black Hills Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Tuesday, February 18th will be given a $0.676 dividend. This represents a $2.70 annualized dividend and a yield of 4.48%. This is an increase from Black Hills's previous quarterly dividend of $0.65. The ex-dividend date is Tuesday, February 18th. Black Hills's payout ratio is currently 66.33%.

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 on the stock in a research note on Friday, February 7th.

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.