Cwm LLC Buys 1,736 Shares of Black Hills Co. (NYSE:BKH)

Cwm LLC lifted its stake in shares of Black Hills Co. (NYSE:BKH) by 37.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,386 shares of the utilities provider’s stock after purchasing an additional 1,736 shares during the period. Cwm LLC’s holdings in Black Hills were worth $390,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Pathway Financial Advisers LLC bought a new stake in shares of Black Hills in the first quarter valued at $31,000. Sunbelt Securities Inc. purchased a new stake in Black Hills during the first quarter valued at about $33,000. Riverview Trust Co bought a new position in Black Hills during the first quarter worth about $38,000. Hexagon Capital Partners LLC increased its stake in shares of Black Hills by 77.2% in the first quarter. Hexagon Capital Partners LLC now owns 732 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 319 shares in the last quarter. Finally, Quarry LP raised its position in shares of Black Hills by 158.0% in the second quarter. Quarry LP now owns 841 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 515 shares during the period. Institutional investors own 86.71% of the company’s stock.

Black Hills Stock Down 0.1 %

Shares of NYSE:BKH opened at $61.76 on Monday. The firm has a fifty day moving average price of $59.63 and a two-hundred day moving average price of $56.80. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 4.19 and a beta of 0.69. 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 Co. has a one year low of $47.49 and a one year high of $62.20.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Black Hills from $61.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Scotiabank lifted their price target on Black Hills from $54.00 to $63.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.