Stephens Inc. AR grew its stake in Black Hills Corp (NYSE:BKH) by 63.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,809 shares of the utilities provider’s stock after acquiring an additional 4,950 shares during the period. Stephens Inc. AR’s holdings in Black Hills were worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisor Group Inc. raised its position in shares of Black Hills by 7.7% in the second quarter. Advisor Group Inc. now owns 2,119 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 151 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Black Hills by 48.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,890 shares of the utilities provider’s stock valued at $174,000 after purchasing an additional 940 shares during the period. Flinton Capital Management LLC raised its position in shares of Black Hills by 68.8% in the second quarter. Flinton Capital Management LLC now owns 2,592 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 1,056 shares during the period. Suntrust Banks Inc. bought a new position in shares of Black Hills in the second quarter valued at about $202,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Black Hills by 2.6% in the second quarter. Public Employees Retirement System of Ohio now owns 3,232 shares of the utilities provider’s stock valued at $218,000 after purchasing an additional 81 shares during the period. 92.94% of the stock is currently owned by institutional investors.

BKH has been the topic of several research analyst reports. Credit Suisse Group lowered shares of Black Hills from an “outperform” rating to a “neutral” rating and set a $66.00 price objective on the stock. in a research report on Tuesday, January 9th. Bank of America started coverage on shares of Black Hills in a research report on Tuesday, October 24th. They set an “underperform” rating and a $66.00 price target on the stock. Wells Fargo & Co started coverage on shares of Black Hills in a research report on Friday, October 27th. They set a “market perform” rating and a $58.00 price target on the stock. Royal Bank of Canada lowered their price target on shares of Black Hills from $72.00 to $64.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Black Hills from $67.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Black Hills has a consensus rating of “Hold” and an average price target of $64.50.

Black Hills Corp (NYSE BKH) opened at $53.17 on Tuesday. Black Hills Corp has a 1 year low of $50.71 and a 1 year high of $72.02. The company has a market cap of $2,783.34, a PE ratio of 15.77, a P/E/G ratio of 3.76 and a beta of 0.55. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.47 and a current ratio of 0.69.

Black Hills (NYSE:BKH) last released its quarterly earnings results on Thursday, February 1st. The utilities provider reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.09). Black Hills had a return on equity of 10.14% and a net margin of 10.83%. The business had revenue of $455.30 million for the quarter, compared to the consensus estimate of $504.05 million. analysts anticipate that Black Hills Corp will post 3.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Wednesday, February 14th. Black Hills’s dividend payout ratio is 56.89%.

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Black Hills Profile

Black Hills Corporation is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through segments, including Electric Utilities, Gas Utilities, Power Generation, Mining, Oil and Gas, and Corporate. As of December 31, 2016, the Electric Utilities segment generated, transmitted and distributed electricity to approximately 208,500 customers in South Dakota, Wyoming, Colorado and Montana.

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Institutional Ownership by Quarter for Black Hills (NYSE:BKH)

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