Yousif Capital Management LLC Has $1.71 Million Position in Black Hills Co. (NYSE:BKH)

Yousif Capital Management LLC lifted its stake in Black Hills Co. (NYSE:BKH) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,766 shares of the utilities provider’s stock after purchasing an additional 465 shares during the period. Yousif Capital Management LLC’s holdings in Black Hills were worth $1,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Black Hills by 3.7% in the third quarter. Vanguard Group Inc. now owns 7,821,296 shares of the utilities provider’s stock valued at $395,679,000 after purchasing an additional 279,987 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Black Hills by 16.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,344,162 shares of the utilities provider’s stock valued at $68,001,000 after purchasing an additional 188,266 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Black Hills by 0.4% in the third quarter. Northern Trust Corp now owns 957,856 shares of the utilities provider’s stock valued at $48,458,000 after purchasing an additional 3,925 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Black Hills by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 884,408 shares of the utilities provider’s stock valued at $44,742,000 after purchasing an additional 18,942 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Black Hills by 15.6% in the third quarter. Invesco Ltd. now owns 786,811 shares of the utilities provider’s stock valued at $39,805,000 after purchasing an additional 106,464 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on BKH. StockNews.com lowered shares of Black Hills from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. Scotiabank lowered their target price on shares of Black Hills from $58.00 to $54.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Finally, Royal Bank of Canada lowered their target price on shares of Black Hills from $61.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 9th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, Black Hills currently has a consensus rating of “Hold” and a consensus price target of $55.00.

Black Hills Trading Up 1.4 %

Shares of NYSE BKH opened at $55.68 on Thursday. The company’s fifty day moving average is $53.04 and its 200-day moving average is $52.34. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 14.18 and a beta of 0.64. Black Hills Co. has a twelve month low of $46.43 and a twelve month high of $66.85. The company has a quick ratio of 0.56, a current ratio of 0.70 and a debt-to-equity ratio of 1.15.

Black Hills (NYSE:BKH) last announced its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The company had revenue of $591.70 million for the quarter, compared to analysts’ expectations of $863.67 million. Black Hills had a net margin of 11.25% and a return on equity of 8.09%. During the same period last year, the firm posted $1.11 earnings per share. Equities research analysts predict that Black Hills Co. will post 3.9 EPS for the current year.

Black Hills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Friday, May 17th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.67%. Black Hills’s dividend payout ratio is 66.33%.

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.