Aperio Group LLC increased its position in Black Hills Corporation (NYSE:BKH) by 37.3% during the second quarter, Holdings Channel reports. The firm owned 25,132 shares of the utilities provider’s stock after buying an additional 6,824 shares during the period. Aperio Group LLC’s holdings in Black Hills Corporation were worth $1,696,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Ronna Sue Cohen raised its position in Black Hills Corporation by 0.4% in the second quarter. Ronna Sue Cohen now owns 6,621 shares of the utilities provider’s stock worth $447,000 after buying an additional 24 shares during the period. Flinton Capital Management LLC raised its position in shares of Black Hills Corporation by 2.1% in the first quarter. Flinton Capital Management LLC now owns 1,536 shares of the utilities provider’s stock valued at $102,000 after buying an additional 32 shares during the last quarter. Bollard Group LLC raised its position in shares of Black Hills Corporation by 0.7% in the first quarter. Bollard Group LLC now owns 4,928 shares of the utilities provider’s stock valued at $328,000 after buying an additional 33 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of Black Hills Corporation by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 9,200 shares of the utilities provider’s stock valued at $612,000 after buying an additional 41 shares during the last quarter. Finally, Meadow Creek Investment Management LLC raised its position in shares of Black Hills Corporation by 2.1% in the first quarter. Meadow Creek Investment Management LLC now owns 2,112 shares of the utilities provider’s stock valued at $140,000 after buying an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Black Hills Corporation (BKH) traded down 1.22% during midday trading on Friday, hitting $69.38. The company had a trading volume of 105,792 shares. The firm has a market capitalization of $3.71 billion, a P/E ratio of 28.97 and a beta of 0.82. Black Hills Corporation has a 52 week low of $54.76 and a 52 week high of $72.02. The firm’s 50 day moving average is $69.19 and its 200-day moving average is $67.12.

Black Hills Corporation (NYSE:BKH) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.10. Black Hills Corporation had a net margin of 7.71% and a return on equity of 10.48%. The company had revenue of $348 million for the quarter, compared to the consensus estimate of $356.85 million. During the same period last year, the business posted $0.39 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts expect that Black Hills Corporation will post $3.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a dividend of $0.445 per share. The ex-dividend date is Wednesday, August 16th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.53%. Black Hills Corporation’s dividend payout ratio (DPR) is currently 74.79%.

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Several equities analysts have recently issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 price target on shares of Black Hills Corporation in a research note on Wednesday. BidaskClub lowered Black Hills Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Williams Capital lifted their price target on Black Hills Corporation from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, June 19th. BMO Capital Markets lifted their price target on Black Hills Corporation from $67.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Finally, Singular Research lifted their price target on Black Hills Corporation from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $72.50.

About Black Hills Corporation

Black Hills Corporation is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through segments, including Electric Utilities, Gas Utilities, Power Generation, Mining, Oil and Gas, and Corporate. As of December 31, 2016, the Electric Utilities segment generated, transmitted and distributed electricity to approximately 208,500 customers in South Dakota, Wyoming, Colorado and Montana.

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

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