Hilltop National Bank Trims Position in Black Hills Co. (NYSE:BKH)

Hilltop National Bank lessened its position in shares of Black Hills Co. (NYSE:BKH) by 35.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 900 shares of the utilities provider’s stock after selling 500 shares during the quarter. Hilltop National Bank’s holdings in Black Hills were worth $53,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans grew its holdings in Black Hills by 19.3% during the third quarter. Thrivent Financial for Lutherans now owns 210,768 shares of the utilities provider’s stock valued at $12,882,000 after purchasing an additional 34,129 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Black Hills by 161.5% in the second quarter. Canada Pension Plan Investment Board now owns 54,400 shares of the utilities provider’s stock worth $2,958,000 after acquiring an additional 33,600 shares during the period. HighTower Advisors LLC boosted its stake in shares of Black Hills by 19.3% in the third quarter. HighTower Advisors LLC now owns 102,335 shares of the utilities provider’s stock worth $6,257,000 after acquiring an additional 16,522 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Black Hills in the third quarter worth about $1,807,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Black Hills by 34.4% in the second quarter. Hsbc Holdings PLC now owns 108,024 shares of the utilities provider’s stock worth $5,854,000 after acquiring an additional 27,677 shares during the period. Institutional investors own 86.71% of the company’s stock.

Black Hills Price Performance

NYSE:BKH opened at $55.77 on Friday. Black Hills Co. has a 12 month low of $49.33 and a 12 month high of $65.59. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 1.20. The business’s 50-day moving average is $60.55 and its 200 day moving average is $59.22. The company has a market capitalization of $3.99 billion, a P/E ratio of 14.99, a P/E/G ratio of 4.41 and a beta of 0.72.

Black Hills Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 4.66%. Black Hills’s payout ratio is 69.89%.

Analyst Ratings Changes

Separately, Scotiabank upped their price objective on Black Hills from $63.00 to $67.00 and gave the stock 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.com, Black Hills currently has an average 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.