Pacer Advisors Inc. Sells 5,760 Shares of Black Hills Co. (NYSE:BKH)

Pacer Advisors Inc. decreased its stake in shares of Black Hills Co. (NYSE:BKH) by 36.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,236 shares of the utilities provider’s stock after selling 5,760 shares during the quarter. Pacer Advisors Inc.’s holdings in Black Hills were worth $599,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Black Hills by 181.5% during the 4th quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 305 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Black Hills by 84.9% during the 3rd quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 265 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Black Hills by 83.3% during the 4th quarter. UMB Bank n.a. now owns 625 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 284 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Black Hills during the 3rd quarter valued at about $45,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Black Hills during the 3rd quarter valued at about $82,000. Institutional investors own 86.71% of the company’s stock.

Black Hills Trading Up 0.5 %

Shares of NYSE BKH opened at $59.02 on Tuesday. Black Hills Co. has a 1-year low of $49.33 and a 1-year high of $65.59. The company has a market cap of $4.22 billion, a PE ratio of 15.86, a P/E/G ratio of 4.21 and a beta of 0.73. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average of $59.36 and a two-hundred day moving average of $59.64.

Black Hills Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Tuesday, February 18th will be paid a $0.676 dividend. The ex-dividend date is Tuesday, February 18th. This is an increase from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.58%. Black Hills’s payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

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