Black Hills Co. (NYSE:BKH) Stake Decreased by Ridgewood Investments LLC

Ridgewood Investments LLC lessened its holdings in shares of Black Hills Co. (NYSE:BKHFree Report) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,157 shares of the utilities provider’s stock after selling 809 shares during the period. Ridgewood Investments LLC’s holdings in Black Hills were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in shares of Black Hills by 181.5% during the fourth quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock valued at $28,000 after buying an additional 305 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Black Hills by 84.9% during the third quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock valued at $35,000 after buying an additional 265 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Black Hills during the third quarter valued at approximately $45,000. Quarry LP raised its holdings in shares of Black Hills by 158.0% during the second quarter. Quarry LP now owns 841 shares of the utilities provider’s stock valued at $46,000 after buying an additional 515 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Black Hills by 972.3% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 890 shares of the utilities provider’s stock valued at $48,000 after buying an additional 807 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lifted their price target on Black Hills from $63.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $61.25.

View Our Latest Stock Report on BKH

Black Hills Stock Down 1.6 %

Shares of NYSE:BKH traded down $0.89 during trading on Friday, reaching $55.32. 149,802 shares of the company traded hands, compared to its average volume of 421,716. The firm has a fifty day simple moving average of $60.55 and a 200 day simple moving average of $59.22. The firm has a market cap of $3.96 billion, a P/E ratio of 14.87, a price-to-earnings-growth 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 company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 1.20.

Black Hills Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 18th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend was Monday, November 18th. Black Hills’s dividend payout ratio (DPR) is currently 69.89%.

About Black Hills

(Free Report)

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.

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Institutional Ownership by Quarter for Black Hills (NYSE:BKH)

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