Signaturefd LLC Has $264,000 Position in Black Hills Co. (NYSE:BKH)

Signaturefd LLC reduced its stake in Black Hills Co. (NYSE:BKH) by 8.7% in the 3rd quarter, Holdings Channel reports. The firm owned 4,325 shares of the utilities provider’s stock after selling 411 shares during the period. Signaturefd LLC’s holdings in Black Hills were worth $264,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC acquired a new stake in Black Hills in the 1st quarter worth approximately $31,000. Sunbelt Securities Inc. acquired a new position in shares of Black Hills during the first quarter worth approximately $33,000. Blue Trust Inc. lifted 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 worth $35,000 after buying an additional 265 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Black Hills by 77.2% during the first quarter. Hexagon Capital Partners LLC now owns 732 shares of the utilities provider’s stock worth $40,000 after buying an additional 319 shares during the last quarter. Finally, Quarry LP lifted 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 worth $46,000 after buying an additional 515 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Scotiabank upped their price target on Black Hills from $54.00 to $63.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company upped their price target on Black Hills from $61.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $58.00.

Black Hills Stock Performance

BKH opened at $59.87 on Friday. The stock has a market cap of $4.13 billion, a PE ratio of 14.75, a P/E/G ratio of 4.19 and a beta of 0.69. The company has a current ratio of 1.06, a quick ratio of 0.94 and a debt-to-equity ratio of 1.23. Black Hills Co. has a 1 year low of $47.49 and a 1 year high of $62.20. The stock’s 50 day simple moving average is $59.95 and its 200-day simple moving average is $57.02.

Black Hills (NYSE:BKH) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $402.60 million for the quarter, compared to analysts’ expectations of $498.00 million. Black Hills had a return on equity of 8.21% and a net margin of 12.96%. Black Hills’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. Sell-side analysts forecast that Black Hills Co. will post 3.9 EPS for the current year.

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.