Ffcm LLC boosted its position in shares of Black Hills Corp (NYSE:BKH) by 1,201.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,770 shares of the utilities provider’s stock after acquiring an additional 1,634 shares during the quarter. Ffcm LLC’s holdings in Black Hills were worth $106,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Black Hills by 14.0% during the third quarter. Wells Fargo & Company MN now owns 131,621 shares of the utilities provider’s stock valued at $9,065,000 after acquiring an additional 16,214 shares during the last quarter. California Public Employees Retirement System increased its position in Black Hills by 11.0% during the third quarter. California Public Employees Retirement System now owns 98,328 shares of the utilities provider’s stock valued at $6,772,000 after acquiring an additional 9,728 shares during the last quarter. Rothschild Asset Management Inc. increased its position in Black Hills by 18.8% during the third quarter. Rothschild Asset Management Inc. now owns 517,539 shares of the utilities provider’s stock valued at $35,643,000 after acquiring an additional 81,825 shares during the last quarter. Jane Street Group LLC purchased a new stake in Black Hills during the third quarter valued at $282,000. Finally, Eagle Asset Management Inc. increased its position in Black Hills by 4.3% during the third quarter. Eagle Asset Management Inc. now owns 86,457 shares of the utilities provider’s stock valued at $5,932,000 after acquiring an additional 3,596 shares during the last quarter. Institutional investors own 92.94% of the company’s stock.

Shares of Black Hills Corp (NYSE:BKH) opened at $52.30 on Wednesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.47. The company has a market capitalization of $2,843.77, a PE ratio of 16.11, a price-to-earnings-growth ratio of 3.84 and a beta of 0.55. Black Hills Corp has a 1 year low of $50.71 and a 1 year high of $72.02.

Black Hills (NYSE:BKH) last issued 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). The company had revenue of $455.30 million during the quarter, compared to analysts’ expectations of $504.05 million. Black Hills had a return on equity of 10.14% and a net margin of 10.83%. sell-side analysts expect that Black Hills Corp will post 3.41 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, February 14th. Black Hills’s payout ratio is 56.89%.

BKH has been the subject of a number of research reports. Williams Capital upgraded Black Hills from a “hold” rating to a “buy” rating and reduced their price objective for the company from $70.00 to $62.00 in a research report on Wednesday, January 10th. Wells Fargo & Co assumed coverage on Black Hills in a research report on Friday, October 27th. They issued a “market perform” rating and a $58.00 price target for the company. JPMorgan Chase & Co. cut Black Hills from an “overweight” rating to a “neutral” rating and set a $56.00 price target for the company. in a research report on Wednesday, February 7th. Credit Suisse Group cut Black Hills from an “outperform” rating to a “neutral” rating and set a $66.00 price target for the company. in a research report on Tuesday, January 9th. Finally, Bank of America upgraded Black Hills from an “underperform” rating to a “neutral” rating and set a $61.00 price target for the company in a research report on Monday, November 13th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $64.50.

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About Black Hills

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.

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

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