First PREMIER Bank Has $1.27 Million Stock Holdings in Black Hills Co. (NYSE:BKH)

First PREMIER Bank lessened its stake in Black Hills Co. (NYSE:BKH) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,840 shares of the utilities provider’s stock after selling 1,330 shares during the quarter. First PREMIER Bank’s holdings in Black Hills were worth $1,274,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Diversified Trust Co increased its stake in shares of Black Hills by 4.0% during the 3rd quarter. Diversified Trust Co now owns 11,239 shares of the utilities provider’s stock worth $687,000 after purchasing an additional 436 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Black Hills by 972.3% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 890 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 807 shares during the last quarter. Quarry LP increased its stake in shares of Black Hills by 158.0% during the 2nd quarter. Quarry LP now owns 841 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 515 shares during the last quarter. Creative Planning increased its stake in shares of Black Hills by 26.8% during the 2nd quarter. Creative Planning now owns 23,571 shares of the utilities provider’s stock worth $1,282,000 after purchasing an additional 4,980 shares during the last quarter. Finally, Algert Global LLC increased its stake in shares of Black Hills by 38.5% during the 2nd quarter. Algert Global LLC now owns 28,512 shares of the utilities provider’s stock worth $1,550,000 after purchasing an additional 7,924 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Black Hills Price Performance

NYSE BKH opened at $59.26 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.94 and a debt-to-equity ratio of 1.23. The company has a fifty day simple moving average of $59.19 and a 200 day simple moving average of $56.44. The company has a market cap of $4.08 billion, a P/E ratio of 14.64, a P/E/G ratio of 4.36 and a beta of 0.69. Black Hills Co. has a 1 year low of $47.49 and a 1 year high of $61.96.

Black Hills (NYSE:BKH) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. Black Hills had a net margin of 12.96% and a return on equity of 8.21%. The business had revenue of $402.60 million during the quarter, compared to the consensus estimate of $498.00 million. During the same period in the prior year, the firm earned $0.35 EPS. Black Hills’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts predict that Black Hills Co. will post 3.9 EPS for the current year.

Black Hills Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Monday, August 19th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend was Monday, August 19th. Black Hills’s dividend payout ratio (DPR) is presently 64.04%.

Analyst Ratings Changes

BKH has been the topic of several analyst reports. Scotiabank increased their price target 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. Wells Fargo & Company upped their price objective on shares of Black Hills from $61.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, Black Hills presently has a consensus rating of “Hold” and a consensus price target 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.