SeaCrest Wealth Management LLC trimmed its stake in shares of Black Hills Co. (NYSE:BKH – Free Report) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,157 shares of the utilities provider’s stock after selling 1,646 shares during the period. SeaCrest Wealth Management LLC’s holdings in Black Hills were worth $1,720,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of BKH. State of Wyoming purchased a new position in shares of Black Hills in the second quarter valued at $27,000. Geneos Wealth Management Inc. raised its holdings in Black Hills by 87.3% during the 3rd quarter. Geneos Wealth Management Inc. now owns 562 shares of the utilities provider’s stock valued at $28,000 after buying an additional 262 shares during the period. ST Germain D J Co. Inc. bought a new stake in Black Hills in the second quarter worth $30,000. Lindbrook Capital LLC lifted its position in Black Hills by 678.4% in the third quarter. Lindbrook Capital LLC now owns 685 shares of the utilities provider’s stock worth $35,000 after buying an additional 597 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its stake in Black Hills by 60.6% during the first quarter. Belpointe Asset Management LLC now owns 652 shares of the utilities provider’s stock worth $41,000 after buying an additional 246 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.
Black Hills Stock Up 1.0 %
Shares of BKH stock traded up $0.56 on Thursday, hitting $54.60. The stock had a trading volume of 680,683 shares, compared to its average volume of 580,714. The company has a quick ratio of 0.56, a current ratio of 0.70 and a debt-to-equity ratio of 1.15. The company has a market cap of $3.73 billion, a PE ratio of 13.79 and a beta of 0.64. The business has a 50 day moving average price of $51.89 and a 200 day moving average price of $52.04. Black Hills Co. has a one year low of $46.43 and a one year high of $66.85.
Black Hills Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.60 dividend on an annualized basis and a yield of 4.76%. This is an increase from Black Hills’s previous quarterly dividend of $0.63. Black Hills’s dividend payout ratio (DPR) is presently 66.33%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on BKH shares. Scotiabank raised their target price on shares of Black Hills from $57.00 to $58.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. Royal Bank of Canada decreased their price objective on shares of Black Hills from $61.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 9th. Finally, StockNews.com cut Black Hills from a “hold” rating to a “sell” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $55.80.
About Black Hills
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.
Read More
- Five stocks we like better than Black Hills
- Trading Stocks: RSI and Why it’s Useful
- 3 Value Stocks Too Small For Buffett’s Portfolio
- The 3 Best Blue-Chip Stocks to Buy Now
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Disney Stock Catches 3 Upgrades In a Single Week
Want to see what other hedge funds are holding BKH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Black Hills Co. (NYSE:BKH – Free Report).
Receive News & Ratings for Black Hills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Hills and related companies with MarketBeat.com's FREE daily email newsletter.