First National Bank Sioux Falls cut its stake in shares of Black Hills Corp. (NYSE:BKH) by 36.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,057 shares of the company’s stock after selling 1,200 shares during the period. First National Bank Sioux Falls’ holdings in Black Hills Corp. were worth $130,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Bollard Group LLC boosted its position in shares of Black Hills Corp. by 0.7% in the second quarter. Bollard Group LLC now owns 4,827 shares of the company’s stock valued at $304,000 after buying an additional 34 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Black Hills Corp. by 2.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,773 shares of the company’s stock valued at $167,000 after buying an additional 68 shares during the last quarter. First PREMIER Bank raised its position in shares of Black Hills Corp. by 0.8% in the second quarter. First PREMIER Bank now owns 31,814 shares of the company’s stock valued at $2,006,000 after buying an additional 260 shares during the last quarter. Eqis Capital Management Inc. raised its position in shares of Black Hills Corp. by 6.2% in the second quarter. Eqis Capital Management Inc. now owns 5,214 shares of the company’s stock valued at $329,000 after buying an additional 303 shares during the last quarter. Finally, Investment Centers of America Inc. raised its position in shares of Black Hills Corp. by 6.0% in the first quarter. Investment Centers of America Inc. now owns 7,108 shares of the company’s stock valued at $426,000 after buying an additional 402 shares during the last quarter. 88.92% of the stock is owned by hedge funds and other institutional investors.

Shares of Black Hills Corp. (NYSE:BKH) traded up 0.75% during midday trading on Tuesday, reaching $60.22. The company had a trading volume of 478,284 shares. The company has a 50 day moving average of $59.43 and a 200 day moving average of $60.25. Black Hills Corp. has a one year low of $37.68 and a one year high of $64.58. The company has a market capitalization of $3.15 billion, a PE ratio of 177.12 and a beta of 0.71.

Black Hills Corp. (NYSE:BKH) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.14. Black Hills Corp. had a net margin of 1.22% and a return on equity of 9.94%. During the same period in the prior year, the business earned $0.56 EPS. Analysts predict that Black Hills Corp. will post $3.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.79%. The ex-dividend date was Tuesday, August 16th. Black Hills Corp.’s dividend payout ratio (DPR) is 646.18%.

BKH has been the topic of several recent analyst reports. Zacks Investment Research upgraded Black Hills Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. TheStreet lowered Black Hills Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. JPMorgan Chase & Co. lifted their price target on Black Hills Corp. from $62.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of Black Hills Corp. in a research note on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Black Hills Corp. presently has a consensus rating of “Buy” and an average target price of $62.17.

About Black Hills Corp.

Black Hills Corporation is a holding company. The Company is an integrated energy company, which operates in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group consists of regulated Electric Utilities and regulated Gas Utilities segments, and the Company’s Non-regulated Energy Group consists of Power Generation, Coal Mining, and Oil and Gas segments.

5 Day Chart for NYSE:BKH

Want to see what other hedge funds are holding BKH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Black Hills Corp. (NYSE:BKH).

Receive News & Ratings for Black Hills Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Hills Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.