23,539 Shares in Black Hills Co. (NYSE:BKH) Bought by WCM Investment Management LLC

WCM Investment Management LLC purchased a new stake in shares of Black Hills Co. (NYSE:BKH) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,539 shares of the utilities provider’s stock, valued at approximately $1,437,000.

A number of other large investors have also recently bought and sold shares of the business. Atria Investments Inc boosted its position in shares of Black Hills by 18.7% during the 3rd quarter. Atria Investments Inc now owns 5,874 shares of the utilities provider’s stock valued at $359,000 after purchasing an additional 926 shares in the last quarter. First Personal Financial Services boosted its holdings in shares of Black Hills by 15.2% during the 3rd quarter. First Personal Financial Services now owns 40,130 shares of the utilities provider’s stock worth $2,453,000 after buying an additional 5,310 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Black Hills during the 3rd quarter worth approximately $1,807,000. Capital Performance Advisors LLP bought a new stake in shares of Black Hills in the 3rd quarter valued at $45,000. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Black Hills during the 3rd quarter valued at $308,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Scotiabank lifted their price target on shares of Black Hills from $54.00 to $63.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company boosted their target price on Black Hills from $61.00 to $64.00 and gave the company an “equal weight” rating in a research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $58.00.

Black Hills Stock Down 1.0 %

Black Hills stock opened at $61.78 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.94 and a debt-to-equity ratio of 1.23. The firm’s fifty day moving average price is $60.31 and its two-hundred day moving average price is $57.62. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 4.39 and a beta of 0.69. Black Hills Co. has a 1-year low of $48.27 and a 1-year high of $63.01.

Black Hills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Monday, November 18th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.60 dividend on an annualized basis and a yield of 4.21%. Black Hills’s dividend payout ratio (DPR) is currently 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.