Tdam USA Inc. raised its stake in Black Hills Corp (NYSE:BKH) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,730 shares of the utilities provider’s stock after acquiring an additional 140 shares during the period. Tdam USA Inc.’s holdings in Black Hills were worth $526,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Lenox Wealth Management Inc. bought a new stake in Black Hills in the first quarter valued at $30,000. Quadrant Capital Group LLC grew its position in Black Hills by 107.6% in the first quarter. Quadrant Capital Group LLC now owns 1,721 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 892 shares during the period. Covenant Multifamily Offices LLC bought a new stake in Black Hills in the first quarter valued at $126,000. Hanseatic Management Services Inc. bought a new stake in Black Hills in the first quarter valued at $157,000. Finally, FMR LLC grew its holdings in shares of Black Hills by 18.3% during the first quarter. FMR LLC now owns 2,413 shares of the utilities provider’s stock worth $179,000 after purchasing an additional 373 shares during the last quarter. Hedge funds and other institutional investors own 88.01% of the company’s stock.

Shares of BKH stock traded up $0.69 during trading hours on Thursday, hitting $76.34. 3,880 shares of the company’s stock were exchanged, compared to its average volume of 367,955. The company has a 50-day moving average price of $78.75. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 1.26. The firm has a market cap of $4.65 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 5.26 and a beta of 0.30. Black Hills Corp has a 52 week low of $56.42 and a 52 week high of $82.01.

Black Hills (NYSE:BKH) last announced its earnings results on Monday, August 5th. The utilities provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.21). Black Hills had a return on equity of 8.99% and a net margin of 12.65%. The business had revenue of $333.90 million for the quarter, compared to the consensus estimate of $399.87 million. During the same quarter in the previous year, the company posted $0.45 EPS. Black Hills’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, research analysts expect that Black Hills Corp will post 3.48 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Monday, August 19th will be paid a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, August 16th. Black Hills’s dividend payout ratio (DPR) is presently 57.06%.

In other news, SVP Brian Iverson sold 6,469 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $77.89, for a total transaction of $503,870.41. Following the transaction, the senior vice president now owns 26,108 shares of the company’s stock, valued at $2,033,552.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David R. Emery sold 7,500 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $76.16, for a total value of $571,200.00. Following the transaction, the chairman now directly owns 182,806 shares in the company, valued at approximately $13,922,504.96. The disclosure for this sale can be found here. Insiders have sold 34,385 shares of company stock worth $2,694,823 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Several analysts have recently commented on BKH shares. Zacks Investment Research cut Black Hills from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Scotiabank upgraded Black Hills from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from $64.00 to $70.00 in a report on Wednesday, May 8th. Finally, Credit Suisse Group decreased their target price on Black Hills from $79.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $72.67.

Black Hills Profile

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through Electric Utilities, Gas Utilities, Power Generation, and Mining segments. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 212,000 electric customers in Colorado, Montana, South Dakota, and Wyoming, as well as provides electrical system construction services to large industrial customers.

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

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