AdvisorNet Financial Inc Sells 921 Shares of Black Hills Co. (NYSE:BKH)

AdvisorNet Financial Inc decreased its holdings in Black Hills Co. (NYSE:BKH) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,515 shares of the utilities provider’s stock after selling 921 shares during the quarter. AdvisorNet Financial Inc’s holdings in Black Hills were worth $1,259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its holdings in Black Hills by 19.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 210,768 shares of the utilities provider’s stock worth $12,882,000 after purchasing an additional 34,129 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Black Hills by 161.5% during the second quarter. Canada Pension Plan Investment Board now owns 54,400 shares of the utilities provider’s stock valued at $2,958,000 after buying an additional 33,600 shares during the period. HighTower Advisors LLC increased its position in shares of Black Hills by 19.3% during the third quarter. HighTower Advisors LLC now owns 102,335 shares of the utilities provider’s stock valued at $6,257,000 after buying an additional 16,522 shares during the period. CWA Asset Management Group LLC bought a new position in Black Hills in the third quarter worth about $1,807,000. Finally, Hsbc Holdings PLC lifted its holdings in Black Hills by 34.4% in the second quarter. Hsbc Holdings PLC now owns 108,024 shares of the utilities provider’s stock worth $5,854,000 after buying an additional 27,677 shares during the period. Institutional investors own 86.71% of the company’s stock.

Analyst Ratings Changes

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

Black Hills Stock Up 1.0 %

NYSE:BKH opened at $56.53 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.12 and a quick ratio of 0.83. The firm’s 50-day moving average price is $60.48 and its 200-day moving average price is $59.33. The company has a market capitalization of $4.05 billion, a PE ratio of 15.20, a P/E/G ratio of 4.41 and a beta of 0.72. Black Hills Co. has a 1-year low of $49.33 and a 1-year high of $65.59.

Black Hills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 18th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend was Monday, November 18th. 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.