Black Hills Co. (NYSE:BKH) Shares Purchased by Crewe Advisors LLC

Crewe Advisors LLC increased its position in shares of Black Hills Co. (NYSE:BKH) by 49.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,082 shares of the utilities provider’s stock after acquiring an additional 1,013 shares during the period. Crewe Advisors LLC’s holdings in Black Hills were worth $180,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc increased its holdings in Black Hills by 181.5% during the 4th quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 305 shares during the period. Blue Trust Inc. increased its holdings in shares of Black Hills by 84.9% in 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 during the last quarter. UMB Bank n.a. increased its holdings in shares of Black Hills by 83.3% in 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 during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Black Hills in the 3rd quarter valued at about $45,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Black Hills in the 3rd quarter valued at about $82,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analysts Set New Price Targets

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

Black Hills Trading Up 1.5 %

Shares of BKH stock opened at $60.06 on Thursday. The business’s 50 day moving average is $59.20 and its two-hundred day moving average is $59.65. Black Hills Co. has a twelve month low of $49.33 and a twelve month high of $65.59. The company has a market capitalization of $4.30 billion, a P/E ratio of 16.14, a price-to-earnings-growth 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.

Black Hills (NYSE:BKH) last announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.17. Black Hills had a return on equity of 7.43% and a net margin of 12.00%. Equities analysts forecast that Black Hills Co. will post 3.86 EPS for the current year.

Black Hills Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, February 18th will be issued a dividend of $0.676 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 annualized dividend and a yield of 4.50%. Black Hills’s payout ratio is currently 69.89%.

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.