Black Hills Co. (NYSE:BKH) Shares Sold by First PREMIER Bank

First PREMIER Bank cut its stake in shares of Black Hills Co. (NYSE:BKH) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,600 shares of the utilities provider’s stock after selling 240 shares during the quarter. First PREMIER Bank’s holdings in Black Hills were worth $1,206,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BKH. Versant Capital Management Inc lifted its holdings 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 valued at $28,000 after purchasing an additional 305 shares in the last quarter. Blue Trust Inc. lifted its stake 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 buying an additional 265 shares in the last quarter. UMB Bank n.a. increased its position in Black Hills by 83.3% during the fourth quarter. UMB Bank n.a. now owns 625 shares of the utilities provider’s stock worth $37,000 after buying an additional 284 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Black Hills during the third quarter worth $45,000. Finally, Quarry LP raised its holdings in shares of Black Hills by 158.0% in the second quarter. Quarry LP now owns 841 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 515 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Black Hills Stock Performance

NYSE BKH opened at $57.49 on Thursday. The business’s 50-day moving average price is $60.12 and its 200 day moving average price is $59.50. 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 Co. has a twelve month low of $49.33 and a twelve month high of $65.59. The company has a market capitalization of $4.11 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 4.29 and a beta of 0.72.

Black Hills Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 18th were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.52%. Black Hills’s dividend payout ratio (DPR) is 69.89%.

Wall Street Analyst Weigh In

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 research note on Thursday, December 12th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.25.

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.