Pathway Financial Advisers LLC Reduces Stake in Black Hills Co. (NYSE:BKH)

Pathway Financial Advisers LLC lessened its holdings in Black Hills Co. (NYSE:BKH) by 98.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 592 shares of the utilities provider’s stock after selling 35,217 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Black Hills were worth $35,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake 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 worth $28,000 after acquiring an additional 305 shares during the period. Blue Trust Inc. boosted its holdings in 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 purchasing an additional 265 shares during the last quarter. UMB Bank n.a. grew its position in Black Hills by 83.3% during the 4th quarter. UMB Bank n.a. now owns 625 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 284 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Black Hills during the 3rd quarter valued at about $45,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Black Hills in the 3rd quarter valued at about $82,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

Black Hills Stock Performance

BKH opened at $60.36 on Friday. The stock has a market cap of $4.32 billion, a P/E ratio of 15.40, a P/E/G 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 firm has a fifty day moving average price of $58.79 and a 200 day moving average price of $59.71. Black Hills Co. has a 1 year low of $50.72 and a 1 year high of $65.59.

Black Hills (NYSE:BKH) last posted its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (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%. Equities research analysts anticipate that Black Hills Co. will post 4.13 earnings per share for the current year.

Black Hills Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Tuesday, February 18th will be issued a $0.676 dividend. This is a positive change from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Tuesday, February 18th. Black Hills’s dividend payout ratio (DPR) is presently 66.33%.

Wall Street Analysts Forecast Growth

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

Black Hills Company 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.