Hilltop National Bank Sells 500 Shares of Black Hills Co. (NYSE:BKH)

Hilltop National Bank lowered its position in Black Hills Co. (NYSE:BKH) by 35.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 900 shares of the utilities provider’s stock after selling 500 shares during the quarter. Hilltop National Bank’s holdings in Black Hills were worth $53,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc grew its stake in 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 purchasing an additional 305 shares in the last quarter. Blue Trust Inc. grew its stake in Black Hills by 84.9% in the third quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 265 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Black Hills during the 3rd quarter valued at $45,000. Quarry LP boosted its position in 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 acquiring an additional 515 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in 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 acquiring an additional 807 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank increased their target price 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 equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $61.25.

Black Hills Stock Down 0.8 %

Black Hills stock opened at $55.77 on Friday. 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 stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 4.41 and a beta of 0.72. Black Hills Co. has a 1-year low of $49.33 and a 1-year high of $65.59. The business has a fifty day moving average price of $60.55 and a 200-day moving average price of $59.22.

Black Hills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 18th were given a $0.65 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.66%. Black Hills’s payout ratio is 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.