Hunter Perkins Capital Management LLC Sells 46,645 Shares of Black Hills Co. (NYSE:BKH)

Hunter Perkins Capital Management LLC lessened its position in shares of Black Hills Co. (NYSE:BKH) by 17.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,040 shares of the utilities provider’s stock after selling 46,645 shares during the period. Black Hills comprises 2.8% of Hunter Perkins Capital Management LLC’s holdings, making the stock its 11th largest position. Hunter Perkins Capital Management LLC owned approximately 0.31% of Black Hills worth $13,169,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. grew its position in Black Hills by 84.9% in the third quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 265 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Black Hills by 4.1% during the 3rd quarter. Inspire Investing LLC now owns 6,741 shares of the utilities provider’s stock worth $412,000 after buying an additional 266 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Black Hills by 83.3% during the 4th quarter. UMB Bank n.a. now owns 625 shares of the utilities provider’s stock worth $37,000 after buying an additional 284 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Black Hills by 181.5% in the 4th quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 305 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Black Hills by 5.8% in the third 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. Institutional investors and hedge funds own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Scotiabank increased their price target on Black Hills from $63.00 to $67.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.25.

Black Hills Stock Performance

Shares of BKH stock opened at $57.59 on Monday. The stock has a market cap of $4.12 billion, a P/E ratio of 15.48, a P/E/G ratio of 4.13 and a beta of 0.72. The company has a fifty day moving average price of $59.91 and a two-hundred day moving average price of $59.59. Black Hills Co. has a one year low of $49.33 and a one year high of $65.59. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.12 and a quick ratio of 0.83.

Black Hills Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, February 18th will be issued a dividend of $0.676 per share. This represents a $2.70 dividend on an annualized basis and a yield of 4.70%. This is a boost from Black Hills’s previous quarterly dividend of $0.65. Black Hills’s dividend payout ratio (DPR) is presently 69.89%.

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.