881 Shares in Black Hills Co. (NYSE:BKH) Purchased by Marshall Investment Management LLC

Marshall Investment Management LLC purchased a new position in Black Hills Co. (NYSE:BKH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 881 shares of the utilities provider’s stock, valued at approximately $54,000.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its position in Black Hills by 84.9% during the 3rd quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 265 shares during the last quarter. State of Alaska Department of Revenue grew its position in Black Hills by 3.4% during the 4th quarter. State of Alaska Department of Revenue now owns 8,162 shares of the utilities provider’s stock valued at $477,000 after purchasing an additional 270 shares during the last quarter. UMB Bank n.a. grew its position in Black Hills by 83.3% during the 4th quarter. UMB Bank n.a. now owns 625 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 284 shares during the last quarter. Versant Capital Management Inc grew its position in Black Hills by 181.5% during the 4th quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 305 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Black Hills by 5.8% during the 3rd quarter. Captrust Financial Advisors now owns 5,904 shares of the utilities provider’s stock valued at $361,000 after acquiring an additional 325 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Scotiabank dropped their price objective on shares of Black Hills from $67.00 to $66.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th.

Black Hills Stock Up 1.4 %

Shares of BKH opened at $59.65 on Friday. The firm has a market capitalization of $4.27 billion, a P/E ratio of 15.22, a P/E/G ratio of 2.71 and a beta of 0.73. Black Hills Co. has a 12-month low of $50.72 and a 12-month high of $65.59. The company has a current ratio of 0.97, a quick ratio of 0.77 and a debt-to-equity ratio of 1.19. The firm has a fifty day moving average price of $58.56 and a 200-day moving average price of $59.76.

Black Hills (NYSE:BKH) last released its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.17. Black Hills had a return on equity of 7.82% and a net margin of 12.84%. Equities research analysts expect that Black Hills Co. will post 4.12 earnings per share for the current year.

Black Hills Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.676 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.70 annualized dividend and a dividend yield of 4.53%. This is an increase from Black Hills’s previous quarterly dividend of $0.65. Black Hills’s dividend payout ratio is 68.88%.

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.