DekaBank Deutsche Girozentrale Invests $239,000 in Black Hills Co. (NYSE:BKH)

DekaBank Deutsche Girozentrale acquired a new position in Black Hills Co. (NYSE:BKH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,419 shares of the utilities provider’s stock, valued at approximately $239,000.

Several other large investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its position in Black Hills by 37.1% during the 4th quarter. BNP Paribas Financial Markets now owns 48,937 shares of the utilities provider’s stock worth $2,640,000 after buying an additional 13,233 shares in the last quarter. Trexquant Investment LP raised its holdings in Black Hills by 175.0% during the fourth quarter. Trexquant Investment LP now owns 67,999 shares of the utilities provider’s stock worth $3,669,000 after acquiring an additional 43,272 shares in the last quarter. Assetmark Inc. boosted its position in Black Hills by 21.0% during the fourth quarter. Assetmark Inc. now owns 6,344 shares of the utilities provider’s stock valued at $342,000 after purchasing an additional 1,101 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Black Hills by 12.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 46,140 shares of the utilities provider’s stock valued at $2,489,000 after purchasing an additional 5,253 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Black Hills by 346.2% during the 4th quarter. Hsbc Holdings PLC now owns 40,140 shares of the utilities provider’s stock worth $2,164,000 after purchasing an additional 31,145 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Black Hills Trading Down 0.3 %

BKH stock opened at $60.64 on Friday. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 14.93 and a beta of 0.68. The company has a fifty day moving average price of $58.58 and a two-hundred day moving average price of $55.66. Black Hills Co. has a one year low of $46.43 and a one year high of $61.89. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.06 and a quick ratio of 0.94.

Black Hills (NYSE:BKH) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $402.60 million for the quarter, compared to analyst estimates of $498.00 million. Black Hills had a net margin of 12.96% and a return on equity of 8.21%. Black Hills’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS. Equities analysts anticipate that Black Hills Co. will post 3.92 EPS for the current year.

Black Hills Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 19th were paid a $0.65 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $2.60 annualized dividend and a yield of 4.29%. Black Hills’s dividend payout ratio (DPR) is presently 64.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Black Hills from $61.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Mizuho lifted their price objective on shares of Black Hills from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, June 4th. Finally, Scotiabank boosted their price objective on shares of Black Hills from $54.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $58.00.

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.