Leeward Investments LLC MA Sells 6,469 Shares of Black Hills Corporation $BKH

Leeward Investments LLC MA decreased its holdings in Black Hills Corporation (NYSE:BKH) by 4.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,561 shares of the utilities provider’s stock after selling 6,469 shares during the period. Leeward Investments LLC MA owned about 0.20% of Black Hills worth $8,166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of BKH. Nuveen LLC bought a new position in Black Hills in the first quarter worth approximately $43,690,000. McElhenny Sheffield Capital Management LLC purchased a new position in Black Hills in the second quarter worth $13,464,000. Cubist Systematic Strategies LLC grew its holdings in Black Hills by 551.4% in the first quarter. Cubist Systematic Strategies LLC now owns 242,668 shares of the utilities provider’s stock worth $14,718,000 after purchasing an additional 205,414 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Black Hills by 625.9% in the second quarter. International Assets Investment Management LLC now owns 220,354 shares of the utilities provider’s stock worth $12,362,000 after purchasing an additional 190,000 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in Black Hills in the first quarter worth $7,955,000. Institutional investors own 86.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Black Hills in a report on Friday. Bank of America raised shares of Black Hills from an “underperform” rating to a “neutral” rating and lifted their price target for the stock 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $66.00.

Black Hills Price Performance

NYSE:BKH opened at $66.17 on Monday. Black Hills Corporation has a one year low of $54.92 and a one year high of $66.26. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.49 and a current ratio of 0.64. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 3.06 and a beta of 0.73. The firm’s fifty day moving average is $60.60 and its two-hundred day moving average is $59.11.

Black Hills (NYSE:BKH) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The business had revenue of $439.00 million during 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 company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Black Hills has set its FY 2025 guidance at 4.000-4.200 EPS. Research analysts expect that Black Hills Corporation will post 4.12 EPS for the current year.

Black Hills 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.