10,104 Shares in Black Hills Co. (NYSE:BKH) Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. acquired a new position in shares of Black Hills Co. (NYSE:BKH) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 10,104 shares of the utilities provider’s stock, valued at approximately $591,000.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in Black Hills by 181.5% in 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. Global Retirement Partners LLC grew its position in Black Hills by 373.2% in the 4th quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 418 shares in the last quarter. Blue Trust Inc. grew its position in 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 in the last quarter. UMB Bank n.a. grew its position in 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 in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Black Hills in the 3rd quarter valued at about $45,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Black Hills Stock Performance

Shares of BKH opened at $59.65 on Friday. The stock has a 50-day simple moving average of $58.56 and a 200-day simple moving average of $59.76. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.77 and a current ratio of 0.97. The stock has a market capitalization of $4.27 billion, a PE ratio of 15.22, a PEG ratio of 2.71 and a beta of 0.73. Black Hills Co. has a 1 year low of $50.72 and a 1 year high of $65.59.

Black Hills (NYSE:BKH) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.17. Black Hills had a return on equity of 7.82% and a net margin of 12.84%. On average, analysts predict that Black Hills Co. will post 4.12 earnings per share for the current fiscal year.

Black Hills Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders 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 4.53%. The ex-dividend date is Tuesday, February 18th. This is a boost from Black Hills’s previous quarterly dividend of $0.65. Black Hills’s dividend payout ratio (DPR) is presently 68.88%.

Wall Street Analyst Weigh In

Separately, Scotiabank dropped their target price on 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 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.