Aperio Group LLC boosted its position in shares of Black Hills Corporation (NYSE:BKH) by 12.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,316 shares of the utilities provider’s stock after acquiring an additional 3,184 shares during the period. Aperio Group LLC owned about 0.05% of Black Hills Corporation worth $1,950,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Black Hills Corporation by 8.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,950 shares of the utilities provider’s stock worth $132,000 after buying an additional 146 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Black Hills Corporation by 7.7% during the 2nd quarter. Advisor Group Inc. now owns 2,119 shares of the utilities provider’s stock worth $142,000 after buying an additional 151 shares during the last quarter. Flinton Capital Management LLC lifted its position in shares of Black Hills Corporation by 68.8% during the 2nd quarter. Flinton Capital Management LLC now owns 2,592 shares of the utilities provider’s stock worth $175,000 after buying an additional 1,056 shares during the last quarter. Denver Investment Advisors LLC purchased a new stake in shares of Black Hills Corporation during the 2nd quarter worth approximately $202,000. Finally, Suntrust Banks Inc. purchased a new stake in shares of Black Hills Corporation during the 2nd quarter worth approximately $202,000. Institutional investors own 93.89% of the company’s stock.

Shares of Black Hills Corporation (NYSE:BKH) opened at $58.80 on Wednesday. Black Hills Corporation has a 12-month low of $57.26 and a 12-month high of $72.02. The company has a market cap of $3,119.75, a price-to-earnings ratio of 17.21, a P/E/G ratio of 3.13 and a beta of 0.78. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.47.

Black Hills Corporation (NYSE:BKH) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.05). Black Hills Corporation had a net margin of 8.47% and a return on equity of 10.47%. The business had revenue of $342.10 million during the quarter, compared to analysts’ expectations of $369.84 million. During the same quarter last year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. equities analysts forecast that Black Hills Corporation will post 3.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a $0.475 dividend. This is an increase from Black Hills Corporation’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, November 16th. This represents a $1.90 annualized dividend and a yield of 3.23%. Black Hills Corporation’s dividend payout ratio is 67.94%.

Several analysts have recently weighed in on the stock. Bank of America Corporation upgraded shares of Black Hills Corporation from an “underperform” rating to a “neutral” rating and set a $61.00 price objective for the company in a research report on Monday. Credit Suisse Group restated an “outperform” rating and set a $66.00 price objective (down previously from $77.00) on shares of Black Hills Corporation in a research report on Monday, November 6th. They noted that the move was a valuation call. Royal Bank Of Canada reduced their price objective on shares of Black Hills Corporation from $72.00 to $64.00 and set an “outperform” rating for the company in a research report on Monday, November 6th. Wells Fargo & Company assumed coverage on shares of Black Hills Corporation in a research report on Friday, October 27th. They set a “market perform” rating and a $58.00 price objective for the company. Finally, J P Morgan Chase & Co boosted their price objective on shares of Black Hills Corporation from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $68.13.

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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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