Black Hills Co. (NYSE:BKH) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. lifted its position in shares of Black Hills Co. (NYSE:BKH) by 119,080.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,959 shares of the utilities provider’s stock after purchasing an additional 5,954 shares during the period. NBC Securities Inc.’s holdings in Black Hills were worth $361,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BKH. Summit Global Investments raised its holdings in Black Hills by 61.8% in the first quarter. Summit Global Investments now owns 18,682 shares of the utilities provider’s stock valued at $1,133,000 after acquiring an additional 7,135 shares in the last quarter. GAMMA Investing LLC raised its holdings in Black Hills by 9,556.1% in the first quarter. GAMMA Investing LLC now owns 36,693 shares of the utilities provider’s stock valued at $2,225,000 after acquiring an additional 36,313 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in Black Hills by 1.1% in the first quarter. AdvisorNet Financial Inc now owns 21,749 shares of the utilities provider’s stock valued at $1,319,000 after acquiring an additional 234 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Black Hills by 22.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,831 shares of the utilities provider’s stock valued at $400,000 after acquiring an additional 1,262 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Black Hills in the fourth quarter valued at $96,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BKH shares. Scotiabank cut their price target 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. BMO Capital Markets started coverage on shares of Black Hills in a report on Tuesday, May 13th. They issued an “outperform” rating and a $68.00 price target on the stock.

Black Hills Stock Down 0.2%

Shares of NYSE:BKH opened at $57.14 on Friday. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 2.75 and a beta of 0.72. Black Hills Co. has a 1-year low of $51.66 and a 1-year high of $65.59. The company’s fifty day moving average is $59.09 and its two-hundred day moving average is $59.57. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.77 and a current ratio of 0.97.

Black Hills (NYSE:BKH) last issued its earnings results on Wednesday, May 7th. The utilities provider reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.05). The business had revenue of $805.20 million for the quarter, compared to analyst estimates of $729.73 million. Black Hills had a return on equity of 7.82% and a net margin of 12.84%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the company posted $1.87 earnings per share. Equities analysts anticipate that Black Hills Co. will post 4.12 EPS for the current year.

Black Hills Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Friday, May 16th were issued a dividend of $0.676 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.73%. Black Hills’s dividend payout ratio (DPR) 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.