Quantbot Technologies LP Has $538,000 Stock Position in Black Hills Corporation $BKH

Quantbot Technologies LP reduced its holdings in Black Hills Corporation (NYSE:BKH) by 74.9% in the 3rd quarter, Holdings Channel reports. The fund owned 8,743 shares of the utilities provider’s stock after selling 26,084 shares during the period. Quantbot Technologies LP’s holdings in Black Hills were worth $538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BKH. Blue Trust Inc. grew its stake in Black Hills by 37.8% during the 3rd quarter. Blue Trust Inc. now owns 641 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 176 shares in the last quarter. Lesa Sroufe & Co lifted its position in shares of Black Hills by 0.5% in the third quarter. Lesa Sroufe & Co now owns 45,833 shares of the utilities provider’s stock worth $2,823,000 after purchasing an additional 216 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Black Hills by 2.5% during the second quarter. Osaic Holdings Inc. now owns 9,068 shares of the utilities provider’s stock worth $509,000 after purchasing an additional 222 shares during the period. Amalgamated Bank boosted its holdings in shares of Black Hills by 0.7% during the third quarter. Amalgamated Bank now owns 32,085 shares of the utilities provider’s stock worth $1,976,000 after purchasing an additional 234 shares during the period. Finally, EP Wealth Advisors LLC grew its position in Black Hills by 3.5% during the second quarter. EP Wealth Advisors LLC now owns 7,300 shares of the utilities provider’s stock valued at $410,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of Black Hills from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Black Hills in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.33.

Black Hills Trading Down 1.1%

Shares of NYSE BKH opened at $73.48 on Monday. The business has a 50 day simple moving average of $72.50 and a 200 day simple moving average of $67.61. Black Hills Corporation has a 52 week low of $54.92 and a 52 week high of $75.87. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.90 and a beta of 0.75. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.11 and a current ratio of 1.35.

Black Hills (NYSE:BKH) last issued its quarterly earnings data on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Black Hills had a net margin of 12.62% and a return on equity of 7.95%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts predict that Black Hills Corporation will post 4.12 earnings per share for the current fiscal year.

Black Hills Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.703 per share. The ex-dividend date was Tuesday, February 17th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Black Hills’s previous quarterly dividend of $0.68. Black Hills’s payout ratio is 70.60%.

Black Hills Profile

Black Hills Corporation is a diversified energy company based in Rapid City, South Dakota, that provides electricity and natural gas distribution services to residential, commercial and industrial customers. Through its regulated utility subsidiaries—Black Hills Power, Cheyenne Light & Power, and Black Hills Energy—the company delivers reliable energy across Colorado, Kansas, Montana, Nebraska, South Dakota and Wyoming.

In addition to its distribution operations, Black Hills owns and operates a generation portfolio that includes natural gas–fired plants, coal-fired units, hydroelectric facilities and wind projects.