Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Black Hills Corp (NYSE:BKH) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,496 shares of the utilities provider’s stock after acquiring an additional 282 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Black Hills were worth $219,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BKH. Clearbridge Investments LLC raised its holdings in Black Hills by 967,914.9% during the third quarter. Clearbridge Investments LLC now owns 454,967 shares of the utilities provider’s stock valued at $26,429,000 after acquiring an additional 454,920 shares during the period. Alliancebernstein L.P. raised its holdings in Black Hills by 21.7% during the third quarter. Alliancebernstein L.P. now owns 1,350,389 shares of the utilities provider’s stock valued at $78,444,000 after acquiring an additional 240,640 shares during the period. Renaissance Technologies LLC raised its holdings in Black Hills by 343.6% during the third quarter. Renaissance Technologies LLC now owns 118,000 shares of the utilities provider’s stock valued at $6,855,000 after acquiring an additional 91,400 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Black Hills by 17.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 590,997 shares of the utilities provider’s stock valued at $34,331,000 after acquiring an additional 88,422 shares during the period. Finally, Vanguard Group Inc raised its holdings in Black Hills by 1.6% during the third quarter. Vanguard Group Inc now owns 5,162,066 shares of the utilities provider’s stock valued at $299,865,000 after acquiring an additional 81,321 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of BKH stock traded down $0.08 during trading hours on Tuesday, hitting $70.23. The stock had a trading volume of 575 shares, compared to its average volume of 374,290. Black Hills Corp has a one year low of $50.49 and a one year high of $70.33. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 4.35 and a beta of 0.45.

Black Hills (NYSE:BKH) last issued its earnings results on Thursday, February 7th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.13. Black Hills had a return on equity of 10.21% and a net margin of 14.73%. The firm had revenue of $501.20 million for the quarter, compared to analysts’ expectations of $466.97 million. During the same period in the previous year, the firm posted $0.98 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. As a group, research analysts predict that Black Hills Corp will post 3.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be issued a $0.505 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $2.02 annualized dividend and a dividend yield of 2.88%. Black Hills’s dividend payout ratio (DPR) is 57.06%.

BKH has been the topic of a number of recent analyst reports. Credit Suisse Group raised their price target on Black Hills from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, December 4th. Scotiabank cut Black Hills from a “sector perform” rating to a “sell” rating in a report on Wednesday, December 12th. ValuEngine raised Black Hills from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. Bank of America raised Black Hills from an “underperform” rating to a “neutral” rating and set a $69.00 price target on the stock in a report on Monday. Finally, Williams Capital cut Black Hills from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a report on Wednesday, February 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $64.86.

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About Black Hills

Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility company in the United States. The company's Electric Utilities segment generates, transmits, and distributes electricity to approximately 210,000 electric customers in South Dakota, Wyoming, Colorado, and Montana.

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

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