Fort Washington Investment Advisors Inc. OH Maintains Holdings in Black Hills Corporation (BKH)

Fort Washington Investment Advisors Inc. OH continued to hold its position in shares of Black Hills Corporation (NYSE:BKH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,675 shares of the utilities provider’s stock at the close of the 2nd quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Black Hills Corporation were worth $1,125,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. grew its position in shares of Black Hills Corporation by 6,088.6% in the first quarter. BlackRock Inc. now owns 8,243,687 shares of the utilities provider’s stock valued at $547,958,000 after purchasing an additional 8,110,479 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Black Hills Corporation by 13.9% in the first quarter. Vanguard Group Inc. now owns 5,104,297 shares of the utilities provider’s stock valued at $339,282,000 after purchasing an additional 624,839 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Black Hills Corporation by 76.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,322,688 shares of the utilities provider’s stock valued at $154,389,000 after purchasing an additional 1,008,172 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Black Hills Corporation by 24.1% in the first quarter. Wellington Management Group LLP now owns 1,938,261 shares of the utilities provider’s stock valued at $128,836,000 after purchasing an additional 376,732 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Black Hills Corporation by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 970,853 shares of the utilities provider’s stock valued at $64,531,000 after purchasing an additional 4,188 shares in the last quarter. Institutional investors own 94.01% of the company’s stock.

Shares of Black Hills Corporation (NYSE BKH) opened at 69.63 on Friday. The stock has a 50 day moving average price of $69.96 and a 200-day moving average price of $68.51. Black Hills Corporation has a 52-week low of $54.76 and a 52-week high of $72.02. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 29.07 and a beta of 0.80.

Black Hills Corporation (NYSE:BKH) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.10). Black Hills Corporation had a return on equity of 10.48% and a net margin of 7.71%. The business had revenue of $348.00 million for the quarter, compared to analysts’ expectations of $356.85 million. During the same period last year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts predict that Black Hills Corporation will post $3.58 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were paid a dividend of $0.445 per share. The ex-dividend date was Wednesday, August 16th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.56%. Black Hills Corporation’s dividend payout ratio (DPR) is 74.79%.

BKH has been the subject of a number of analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $70.00 price target on shares of Black Hills Corporation in a research report on Monday, July 31st. Zacks Investment Research lowered Black Hills Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. BidaskClub lowered Black Hills Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Williams Capital upped their price target on Black Hills Corporation from $68.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, June 19th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Black Hills Corporation has a consensus rating of “Buy” and an average target price of $72.50.

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Black Hills Corporation Company 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 Corporation (NYSE:BKH)

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