Hantz Financial Services Inc. Sells 238 Shares of Black Hills Co. (NYSE:BKH)

Hantz Financial Services Inc. decreased its holdings in shares of Black Hills Co. (NYSE:BKH) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,307 shares of the utilities provider’s stock after selling 238 shares during the quarter. Hantz Financial Services Inc.’s holdings in Black Hills were worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of Black Hills by 2.1% in the third quarter. Geode Capital Management LLC now owns 1,663,157 shares of the utilities provider’s stock valued at $101,671,000 after purchasing an additional 33,853 shares in the last quarter. Zimmer Partners LP bought a new position in Black Hills in the 3rd quarter worth about $96,374,000. Franklin Resources Inc. grew its holdings in Black Hills by 109.8% during the 3rd quarter. Franklin Resources Inc. now owns 882,646 shares of the utilities provider’s stock valued at $53,356,000 after buying an additional 461,894 shares in the last quarter. Barclays PLC increased its position in shares of Black Hills by 4.5% during the third quarter. Barclays PLC now owns 500,826 shares of the utilities provider’s stock valued at $30,610,000 after buying an additional 21,697 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Black Hills by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 408,877 shares of the utilities provider’s stock worth $24,991,000 after buying an additional 56,440 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Black Hills Price Performance

Shares of NYSE BKH opened at $58.69 on Friday. The firm has a market capitalization of $4.20 billion, a P/E ratio of 15.78, a P/E/G ratio of 4.17 and a beta of 0.72. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 1.20. The stock’s 50-day simple moving average is $59.48 and its two-hundred day simple moving average is $59.62. Black Hills Co. has a twelve month low of $49.33 and a twelve month high of $65.59.

Black Hills Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, February 18th will be paid a $0.676 dividend. This is an increase from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Tuesday, February 18th. Black Hills’s dividend payout ratio (DPR) is currently 69.89%.

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.