Journey Strategic Wealth LLC Sells 730 Shares of Black Hills Co. (NYSE:BKH)

Journey Strategic Wealth LLC reduced its holdings in Black Hills Co. (NYSE:BKH) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,195 shares of the utilities provider’s stock after selling 730 shares during the period. Journey Strategic Wealth LLC’s holdings in Black Hills were worth $246,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in shares of Black Hills by 181.5% during the fourth quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 305 shares during the period. Blue Trust Inc. increased its position in shares of Black Hills by 84.9% during the third quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 265 shares during the period. UMB Bank n.a. increased its position in shares of Black Hills by 83.3% during the fourth quarter. UMB Bank n.a. now owns 625 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 284 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Black Hills during the third quarter valued at approximately $45,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Black Hills during the third quarter valued at approximately $82,000. 86.71% of the stock is owned by institutional investors.

Black Hills Price Performance

Shares of BKH stock opened at $59.02 on Tuesday. The stock’s fifty day simple moving average is $59.36 and its 200 day simple moving average is $59.64. 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 firm has a market cap of $4.22 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 4.21 and a beta of 0.73. Black Hills Co. has a one year low of $49.33 and a one year high of $65.59.

Black Hills Increases Dividend

The business also recently declared 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 is a positive change from Black Hills’s previous quarterly dividend of $0.65. The ex-dividend date is Tuesday, February 18th. This represents a $2.70 annualized dividend and a yield of 4.58%. Black Hills’s payout ratio is currently 69.89%.

Analysts Set New Price Targets

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 report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.