John G Ullman & Associates Inc. Sells 950 Shares of Black Hills Corporation $BKH

John G Ullman & Associates Inc. decreased its holdings in shares of Black Hills Corporation (NYSE:BKHFree Report) by 1.8% in the second quarter, Holdings Channel.com reports. The firm owned 52,941 shares of the utilities provider’s stock after selling 950 shares during the period. John G Ullman & Associates Inc.’s holdings in Black Hills were worth $2,970,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of Black Hills by 1.9% during the first quarter. Principal Financial Group Inc. now owns 215,402 shares of the utilities provider’s stock valued at $13,064,000 after purchasing an additional 4,077 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Black Hills by 15.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,918 shares of the utilities provider’s stock valued at $480,000 after purchasing an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Black Hills by 215.5% during the first quarter. Farther Finance Advisors LLC now owns 1,647 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 1,125 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Black Hills by 59.2% during the first quarter. GAMMA Investing LLC now owns 605 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 225 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Black Hills during the first quarter valued at approximately $808,000. Institutional investors own 86.71% of the company’s stock.

Black Hills Trading Up 1.1%

NYSE:BKH opened at $63.06 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 1.06. Black Hills Corporation has a 12 month low of $54.92 and a 12 month high of $65.59. The company has a market cap of $4.59 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 2.92 and a beta of 0.73. The company has a 50 day simple moving average of $60.20 and a two-hundred day simple moving average of $58.84.

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

Black Hills Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a $0.676 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, August 18th. Black Hills’s payout ratio is 68.01%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. 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 research report on Wednesday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Black Hills in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Black Hills presently has a consensus rating of “Hold” and an average target price of $66.00.

View Our Latest Analysis on Black Hills

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.

Further Reading

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

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