Black Hills Co. (NYSE:BKH) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its holdings in shares of Black Hills Co. (NYSE:BKH) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,919 shares of the utilities provider’s stock after acquiring an additional 222 shares during the period. EverSource Wealth Advisors LLC’s holdings in Black Hills were worth $171,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Black Hills by 66.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 173 shares during the period. Larson Financial Group LLC grew its holdings in Black Hills by 182.8% in the fourth quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 298 shares during the last quarter. Versant Capital Management Inc grew its holdings in Black Hills by 181.5% in the fourth quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 305 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Black Hills by 373.2% in the fourth quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 418 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Black Hills by 83.3% in the fourth quarter. UMB Bank n.a. now owns 625 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered their target price on Black Hills from $67.00 to $66.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th.

Black Hills Stock Up 3.3 %

BKH opened at $61.27 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.97 and a debt-to-equity ratio of 1.19. The firm has a market cap of $4.39 billion, a P/E ratio of 15.63, a PEG ratio of 2.75 and a beta of 0.68. Black Hills Co. has a 52 week low of $50.72 and a 52 week high of $65.59. The business’s fifty day simple moving average is $59.05 and its 200 day simple moving average is $60.05.

Black Hills (NYSE:BKH) last posted its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.17. Black Hills had a return on equity of 7.82% and a net margin of 12.84%. As a group, equities research analysts anticipate that Black Hills Co. will post 4.12 EPS for the current fiscal year.

Black Hills Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, February 18th were given a dividend of $0.676 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 annualized dividend and a yield of 4.41%. Black Hills’s dividend payout ratio is 68.88%.

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.