Profund Advisors LLC decreased its holdings in Black Hills Co. (NYSE:BKH – Get Rating) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,490 shares of the utilities provider’s stock after selling 299 shares during the quarter. Profund Advisors LLC’s holdings in Black Hills were worth $457,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of BKH. Ronald Blue Trust Inc. lifted its stake in shares of Black Hills by 78.3% in the fourth quarter. Ronald Blue Trust Inc. now owns 592 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 260 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in Black Hills in the third quarter valued at about $53,000. CENTRAL TRUST Co increased its holdings in Black Hills by 63.3% in the third quarter. CENTRAL TRUST Co now owns 890 shares of the utilities provider’s stock valued at $61,000 after buying an additional 345 shares during the last quarter. Signaturefd LLC increased its holdings in Black Hills by 37.6% in the third quarter. Signaturefd LLC now owns 1,357 shares of the utilities provider’s stock valued at $92,000 after buying an additional 371 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in Black Hills by 3,758.3% in the third quarter. Rockefeller Capital Management L.P. now owns 2,315 shares of the utilities provider’s stock valued at $156,000 after buying an additional 2,255 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.
Wall Street Analyst Weigh In
BKH has been the subject of several research analyst reports. Mizuho lowered Black Hills from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $71.00 to $60.00 in a report on Thursday, February 9th. Sidoti lowered Black Hills from a “buy” rating to a “neutral” rating and set a $67.00 price objective for the company. in a report on Thursday, February 9th. Scotiabank lowered Black Hills from a “sector outperform” rating to a “sector perform” rating and set a $67.00 target price for the company. in a report on Wednesday, February 8th. Bank of America lowered Black Hills from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $79.00 to $60.00 in a report on Wednesday, February 8th. Finally, Royal Bank of Canada lowered Black Hills from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $81.00 to $68.00 in a report on Friday, February 10th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, Black Hills currently has an average rating of “Hold” and an average price target of $67.29.
Black Hills Stock Performance
Black Hills (NYSE:BKH – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The utilities provider reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06). Black Hills had a return on equity of 8.59% 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 company earned $1.11 earnings per share. The business’s quarterly revenue was up 40.7% compared to the same quarter last year. On average, equities research analysts anticipate that Black Hills Co. will post 3.73 EPS for the current year.
Black Hills Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 14th were issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Monday, February 13th. Black Hills’s dividend payout ratio (DPR) is 62.66%.
Black Hills Company Profile
Black Hills Corp. is a diversified energy company. It operates through the following segments: Electric Utilities, Gas Utilities, and Corporate and Other. The Electric Utilities segment generates, transmits, and distributes electricity in Colorado, Montana, South Dakota, and Wyoming. The Gas Utilities segment provides natural gas in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming.
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