Black Hills Co. (NYSE:BKH) Stock Position Lifted by Hantz Financial Services Inc.

Hantz Financial Services Inc. boosted its stake in Black Hills Co. (NYSE:BKH) by 6.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,545 shares of the utilities provider’s stock after buying an additional 1,472 shares during the quarter. Hantz Financial Services Inc.’s holdings in Black Hills were worth $1,439,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake 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 buying an additional 265 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Black Hills in the third quarter worth approximately $45,000. Quarry LP raised its holdings in shares of Black Hills by 158.0% during the 2nd quarter. Quarry LP now owns 841 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 515 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Black Hills by 972.3% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 890 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 807 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Black Hills in the first quarter worth $83,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank raised their target price on Black Hills from $54.00 to $63.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $60.25.

Black Hills Price Performance

Shares of Black Hills stock opened at $64.07 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 1.20. The firm has a fifty day simple moving average of $61.13 and a 200-day simple moving average of $58.27. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 4.63 and a beta of 0.69. Black Hills Co. has a 1-year low of $49.33 and a 1-year high of $65.59.

Black Hills Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 18th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date was Monday, November 18th. Black Hills’s dividend payout ratio (DPR) is 69.89%.

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.