Black Hills Co. (NYSE:BKH) Shares Acquired by Code Waechter LLC

Code Waechter LLC increased its position in shares of Black Hills Co. (NYSE:BKH) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,102 shares of the utilities provider’s stock after buying an additional 515 shares during the quarter. Code Waechter LLC’s holdings in Black Hills were worth $416,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in shares of Black Hills by 11.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 16,510 shares of the utilities provider’s stock valued at $898,000 after purchasing an additional 1,749 shares during the last quarter. Acadian Asset Management LLC lifted its position in Black Hills by 0.9% in the second quarter. Acadian Asset Management LLC now owns 26,694 shares of the utilities provider’s stock valued at $1,451,000 after buying an additional 249 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Black Hills by 14.8% during the second quarter. Daiwa Securities Group Inc. now owns 7,016 shares of the utilities provider’s stock worth $382,000 after buying an additional 905 shares during the period. American Century Companies Inc. increased its position in shares of Black Hills by 89.3% during the second quarter. American Century Companies Inc. now owns 20,962 shares of the utilities provider’s stock valued at $1,140,000 after acquiring an additional 9,886 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Black Hills in the 2nd quarter valued at approximately $239,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Scotiabank increased their price objective on shares of Black Hills from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $61.25.

Black Hills Stock Performance

NYSE BKH opened at $55.94 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.12 and a quick ratio of 0.83. The company has a market cap of $4.00 billion, a P/E ratio of 15.04, a P/E/G ratio of 4.41 and a beta of 0.72. The stock has a 50-day moving average of $60.48 and a two-hundred day moving average of $59.33. Black Hills Co. has a 1-year low of $49.33 and a 1-year high of $65.59.

Black Hills Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 18th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date was Monday, November 18th. Black Hills’s dividend payout ratio (DPR) is currently 69.89%.

Black Hills Profile

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.