Vanguard Personalized Indexing Management LLC Acquires 868 Shares of Black Hills Co. (NYSE:BKH)

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Black Hills Co. (NYSE:BKH) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,230 shares of the utilities provider’s stock after purchasing an additional 868 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Black Hills were worth $991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of BKH. Rise Advisors LLC purchased a new stake in shares of Black Hills during the 1st quarter valued at about $31,000. Pathway Financial Advisers LLC purchased a new stake in Black Hills in the first quarter worth approximately $31,000. Sunbelt Securities Inc. purchased a new stake in Black Hills in the first quarter worth approximately $33,000. Riverview Trust Co bought a new stake in Black Hills in the 1st quarter worth approximately $38,000. Finally, Hexagon Capital Partners LLC raised its stake in Black Hills by 77.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 732 shares of the utilities provider’s stock valued at $40,000 after buying an additional 319 shares during the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

Black Hills Trading Up 1.4 %

Shares of NYSE:BKH opened at $61.55 on Tuesday. The stock has a 50 day moving average of $58.73 and a 200 day moving average of $55.83. The company has a market cap of $4.24 billion, a PE ratio of 15.16 and a beta of 0.68. Black Hills Co. has a 12-month low of $46.43 and a 12-month high of $61.89. The company has a current ratio of 1.06, a quick ratio of 0.94 and a debt-to-equity ratio of 1.23.

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

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Monday, August 19th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.22%. The ex-dividend date was Monday, August 19th. Black Hills’s payout ratio is currently 64.04%.

Analyst Upgrades and Downgrades

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

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.