Yousif Capital Management LLC Sells 631 Shares of Black Hills Co. (NYSE:BKH)

Yousif Capital Management LLC reduced its position in Black Hills Co. (NYSE:BKH) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,300 shares of the utilities provider’s stock after selling 631 shares during the quarter. Yousif Capital Management LLC’s holdings in Black Hills were worth $1,422,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BKH. Versant Capital Management Inc boosted its position in shares of Black Hills by 181.5% in the fourth 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 during the period. Blue Trust Inc. boosted its position in shares of Black Hills by 84.9% in the third quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 265 shares during the period. UMB Bank n.a. boosted its position in shares of Black Hills by 83.3% in the fourth 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 during the period. Capital Performance Advisors LLP bought a new position in shares of Black Hills in the third quarter valued at approximately $45,000. Finally, Point72 DIFC Ltd bought a new position in shares of Black Hills in the third quarter valued at approximately $82,000. 86.71% of the stock is currently owned by institutional investors.

Black Hills Trading Up 0.1 %

Shares of Black Hills stock opened at $60.08 on Thursday. Black Hills Co. has a 1 year low of $50.51 and a 1 year high of $65.59. The firm has a market cap of $4.30 billion, a PE ratio of 15.33, a PEG ratio of 4.30 and a beta of 0.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.12 and a quick ratio of 0.83. The company has a 50 day simple moving average of $58.84 and a two-hundred day simple moving average of $59.70.

Black Hills (NYSE:BKH) last posted its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping the consensus estimate of $1.20 by $0.17. Black Hills had a net margin of 12.84% and a return on equity of 7.88%. Analysts expect that Black Hills Co. will post 4.13 earnings per share for the current fiscal year.

Black Hills Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, February 18th will be paid a $0.676 dividend. This represents a $2.70 annualized dividend and a dividend yield of 4.50%. This is an increase from Black Hills’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, February 18th. Black Hills’s payout ratio is presently 68.88%.

Analysts Set New Price Targets

Separately, Scotiabank dropped their target price on shares of Black Hills from $67.00 to $66.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th.

Black Hills 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.