Truvestments Capital LLC Has $38,000 Position in Black Hills Co. (NYSE:BKH)

Truvestments Capital LLC trimmed its position in shares of Black Hills Co. (NYSE:BKH) by 88.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 624 shares of the utilities provider’s stock after selling 4,807 shares during the period. Truvestments Capital LLC’s holdings in Black Hills were worth $38,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BKH. Pathway Financial Advisers LLC acquired a new position in shares of Black Hills in the first quarter valued at $31,000. Blue Trust Inc. raised its stake in shares of Black Hills by 84.9% in the 3rd quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock valued at $35,000 after buying an additional 265 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Black Hills during the 3rd quarter worth about $45,000. Quarry LP boosted its position in shares of Black Hills by 158.0% during the 2nd quarter. Quarry LP now owns 841 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 515 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in Black Hills by 972.3% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 890 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 807 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

Black Hills Stock Up 0.6 %

Shares of BKH opened at $63.94 on Thursday. The business’s 50 day simple moving average is $60.94 and its 200-day simple moving average is $58.12. Black Hills Co. has a one year low of $49.33 and a one year high of $65.59. The company has a market capitalization of $4.58 billion, a P/E ratio of 17.19, a PEG ratio of 4.67 and a beta of 0.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.12 and a quick ratio of 0.83.

Black Hills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Monday, November 18th will be issued a $0.65 dividend. The ex-dividend date is Monday, November 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.07%. Black Hills’s dividend payout ratio is 69.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BKH shares. Scotiabank lifted their price objective on Black Hills from $54.00 to $63.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company upped their price target on Black Hills from $61.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Black Hills currently has an average rating of “Hold” and a consensus target price of $60.25.

Black Hills Company 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.