Versant Capital Management Inc Grows Stock Position in Black Hills Co. (NYSE:BKH)

Versant Capital Management Inc lifted its holdings in Black Hills Co. (NYSE:BKH) by 181.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 473 shares of the utilities provider’s stock after purchasing an additional 305 shares during the period. Versant Capital Management Inc’s holdings in Black Hills were worth $28,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC raised its position in Black Hills by 0.9% in the second quarter. Acadian Asset Management LLC now owns 26,694 shares of the utilities provider’s stock worth $1,451,000 after acquiring an additional 249 shares during the period. Blue Trust Inc. raised its holdings in Black Hills by 84.9% in the 3rd quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 265 shares during the period. Inspire Investing LLC lifted its position in Black Hills by 4.1% during the third quarter. Inspire Investing LLC now owns 6,741 shares of the utilities provider’s stock valued at $412,000 after purchasing an additional 266 shares in the last quarter. Captrust Financial Advisors grew its holdings in Black Hills by 5.8% during the third quarter. Captrust Financial Advisors now owns 5,904 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 325 shares during the period. Finally, D.A. Davidson & CO. increased its position in Black Hills by 2.7% in the third quarter. D.A. Davidson & CO. now owns 13,667 shares of the utilities provider’s stock worth $835,000 after buying an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Black Hills Price Performance

Shares of Black Hills stock opened at $56.14 on Wednesday. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 4.41 and a beta of 0.72. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 1.20. The stock’s 50-day simple moving average is $60.68 and its 200-day simple moving average is $59.27. Black Hills Co. has a 52 week low of $49.33 and a 52 week high of $65.59.

Black Hills Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 18th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend was Monday, November 18th. Black Hills’s dividend payout ratio (DPR) is currently 69.89%.

Analyst Upgrades and Downgrades

Separately, Scotiabank boosted their price objective on Black Hills from $63.00 to $67.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Black Hills has a consensus rating of “Hold” and an average price target of $61.25.

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.