Boston Partners Has $531,000 Stock Holdings in Black Hills Co. (NYSE:BKH)

Boston Partners raised its holdings in Black Hills Co. (NYSE:BKH – Get Rating) by 14.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,839 shares of the utilities provider’s stock after purchasing an additional 977 shares during the quarter. Boston Partners’ holdings in Black Hills were worth $531,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Black Hills by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 6,709,733 shares of the utilities provider’s stock valued at $516,784,000 after purchasing an additional 174,362 shares in the last quarter. State Street Corp boosted its holdings in shares of Black Hills by 7.3% in the 2nd quarter. State Street Corp now owns 6,499,679 shares of the utilities provider’s stock valued at $472,982,000 after purchasing an additional 440,427 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Black Hills by 14.6% in the 2nd quarter. Macquarie Group Ltd. now owns 2,502,209 shares of the utilities provider’s stock valued at $182,085,000 after purchasing an additional 318,024 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Black Hills by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 748,590 shares of the utilities provider’s stock valued at $57,656,000 after purchasing an additional 50,038 shares in the last quarter. Finally, Capital Research Global Investors bought a new position in shares of Black Hills in the 1st quarter valued at $45,758,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

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Black Hills Stock Down 0.5 %

Shares of NYSE:BKH opened at $63.38 on Wednesday. The business has a fifty day simple moving average of $70.13 and a 200 day simple moving average of $70.74. Black Hills Co. has a 12-month low of $59.08 and a 12-month high of $80.95. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 1.38. The firm has a market cap of $4.12 billion, a P/E ratio of 15.88, a P/E/G ratio of 7.82 and a beta of 0.56.

Black Hills (NYSE:BKH – Get Rating) last posted its quarterly earnings data on Wednesday, February 8th. The utilities provider reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.06). Black Hills had a return on equity of 8.67% and a net margin of 10.13%. The business had revenue of $791.40 million during the quarter, compared to the consensus estimate of $657.67 million. During the same period last year, the business posted $1.11 earnings per share. The business’s revenue was up 40.7% on a year-over-year basis. Analysts predict that Black Hills Co. will post 3.73 earnings per share for the current year.

Black Hills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Tuesday, February 14th will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Monday, February 13th. Black Hills’s dividend payout ratio (DPR) is presently 62.66%.

Analyst Ratings Changes

A number of brokerages have recently commented on BKH. Scotiabank cut Black Hills from a “sector outperform” rating to a “sector perform” rating and set a $67.00 price target for the company. in a research note on Wednesday, February 8th. Sidoti cut Black Hills from a “buy” rating to a “neutral” rating and set a $67.00 price target for the company. in a research note on Thursday, February 9th. Mizuho cut Black Hills from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $71.00 to $60.00 in a research note on Thursday, February 9th. Bank of America cut Black Hills from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $79.00 to $60.00 in a research note on Wednesday, February 8th. Finally, StockNews.com upgraded Black Hills from a “sell” rating to a “hold” rating in a research note on Saturday, December 17th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $67.29.

Black Hills Profile

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Black Hills Corp. is a diversified energy company. It operates through the following segments: Electric, Gas Utilities, Power Generation, Mining, and Corporate and Other. The Electric Utilities segment generates, transmits, and distributes electricity in South Dakota, Wyoming, Colorado, and Montana. The Gas segment conducts natural utility operations through its Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming subsidiaries.

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