Lesa Sroufe & Co Acquires 1,788 Shares of Black Hills Corporation $BKH

Lesa Sroufe & Co increased its holdings in Black Hills Corporation (NYSE:BKHFree Report) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,617 shares of the utilities provider’s stock after acquiring an additional 1,788 shares during the quarter. Black Hills comprises about 2.4% of Lesa Sroufe & Co’s investment portfolio, making the stock its 15th biggest holding. Lesa Sroufe & Co owned about 0.06% of Black Hills worth $2,559,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Black Hills by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,634,076 shares of the utilities provider’s stock valued at $523,657,000 after purchasing an additional 31,853 shares during the last quarter. AQR Capital Management LLC grew its position in Black Hills by 1.7% during the 1st quarter. AQR Capital Management LLC now owns 888,412 shares of the utilities provider’s stock valued at $53,829,000 after purchasing an additional 14,437 shares during the last quarter. Nuveen LLC purchased a new stake in Black Hills during the 1st quarter valued at about $43,690,000. Victory Capital Management Inc. grew its position in Black Hills by 18.2% during the 1st quarter. Victory Capital Management Inc. now owns 652,003 shares of the utilities provider’s stock valued at $39,544,000 after purchasing an additional 100,421 shares during the last quarter. Finally, Millennium Management LLC grew its position in Black Hills by 25.1% during the 1st quarter. Millennium Management LLC now owns 579,797 shares of the utilities provider’s stock valued at $35,165,000 after purchasing an additional 116,338 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors.

Black Hills Stock Performance

Shares of NYSE BKH opened at $62.02 on Thursday. The firm’s 50-day moving average price is $60.11 and its 200-day moving average price is $58.83. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 1.06. The company has a market cap of $4.52 billion, a PE ratio of 15.62, a PEG ratio of 2.83 and a beta of 0.73. Black Hills Corporation has a 52-week low of $54.92 and a 52-week high of $65.59.

Black Hills (NYSE:BKHGet Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $412.69 million. Black Hills had a net margin of 12.68% and a return on equity of 7.81%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. Black Hills has set its FY 2025 guidance at 4.000-4.200 EPS. As a group, analysts anticipate that Black Hills Corporation will post 4.12 EPS for the current year.

Black Hills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a $0.676 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.4%. Black Hills’s dividend payout ratio (DPR) is presently 68.01%.

Analysts Set New Price Targets

Several brokerages recently commented on BKH. Weiss Ratings reissued a “hold (c)” rating on shares of Black Hills in a research report on Wednesday, October 8th. Bank of America raised shares of Black Hills from an “underperform” rating to a “neutral” rating and raised their price target for the company from $57.00 to $64.00 in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $66.00.

Read Our Latest Stock Report on BKH

Black Hills Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Black Hills (NYSE:BKH)

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