Black Hills Co. (NYSE:BKH) Shares Purchased by Crewe Advisors LLC

Crewe Advisors LLC boosted its holdings in Black Hills Co. (NYSE:BKH) by 49.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,082 shares of the utilities provider’s stock after acquiring an additional 1,013 shares during the quarter. Crewe Advisors LLC’s holdings in Black Hills were worth $180,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Zimmer Partners LP purchased a new stake in shares of Black Hills during the third quarter worth $96,374,000. Franklin Resources Inc. grew its position in Black Hills by 109.8% during the third quarter. Franklin Resources Inc. now owns 882,646 shares of the utilities provider’s stock worth $53,356,000 after buying an additional 461,894 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in Black Hills during the third quarter worth about $8,260,000. SG Americas Securities LLC grew its position in Black Hills by 1,579.6% during the fourth quarter. SG Americas Securities LLC now owns 84,634 shares of the utilities provider’s stock worth $4,953,000 after buying an additional 79,595 shares in the last quarter. Finally, Paradiem LLC acquired a new stake in Black Hills during the fourth quarter worth about $3,357,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Scotiabank lifted their price objective on Black Hills from $63.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Black Hills presently has a consensus rating of “Hold” and a consensus target price of $61.25.

Black Hills Price Performance

Shares of BKH stock opened at $60.06 on Thursday. Black Hills Co. has a 12-month low of $49.33 and a 12-month high of $65.59. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 4.21 and a beta of 0.73. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 1.20. The firm has a fifty day moving average of $59.20 and a 200-day moving average of $59.65.

Black Hills (NYSE:BKH) last announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.17. Black Hills had a net margin of 12.00% and a return on equity of 7.43%. On average, equities research analysts forecast that Black Hills Co. will post 3.86 earnings per share for the current year.

Black Hills Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Tuesday, February 18th will be issued a $0.676 dividend. This is a boost from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Tuesday, February 18th. Black Hills’s dividend payout ratio is currently 69.89%.

About Black Hills

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.