Leeward Investments LLC MA Has $9.04 Million Stake in Black Hills Co. (NYSE:BKH)

Leeward Investments LLC MA reduced its holdings in Black Hills Co. (NYSE:BKH) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 167,522 shares of the utilities provider’s stock after selling 1,683 shares during the quarter. Leeward Investments LLC MA’s holdings in Black Hills were worth $9,038,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. State of New Jersey Common Pension Fund D increased its holdings in shares of Black Hills by 8.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 48,536 shares of the utilities provider’s stock worth $2,619,000 after acquiring an additional 3,601 shares in the last quarter. Meritage Portfolio Management bought a new stake in shares of Black Hills in the fourth quarter worth about $3,293,000. Atria Wealth Solutions Inc. increased its holdings in shares of Black Hills by 112.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 14,170 shares of the utilities provider’s stock worth $764,000 after acquiring an additional 7,499 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Black Hills by 1.5% in the fourth quarter. Yousif Capital Management LLC now owns 31,766 shares of the utilities provider’s stock worth $1,714,000 after acquiring an additional 465 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Black Hills by 1.5% in the fourth quarter. New York State Common Retirement Fund now owns 38,057 shares of the utilities provider’s stock worth $2,053,000 after acquiring an additional 578 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com downgraded Black Hills from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. Royal Bank of Canada decreased their price objective on Black Hills from $61.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 9th. Finally, Scotiabank decreased their price objective on Black Hills from $58.00 to $54.00 and set a “sector perform” rating for the company in a report on Monday. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, Black Hills currently has a consensus rating of “Hold” and a consensus target price of $55.00.

Black Hills Stock Down 0.6 %

NYSE BKH traded down $0.34 during trading hours on Friday, hitting $53.86. 460,315 shares of the company traded hands, compared to its average volume of 541,967. The business’s 50-day moving average is $52.93 and its 200-day moving average is $52.24. Black Hills Co. has a twelve month low of $46.43 and a twelve month high of $66.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.56 and a current ratio of 0.70. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 13.74 and a beta of 0.64.

Black Hills (NYSE:BKH) last issued its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.06 by $0.11. Black Hills had a return on equity of 8.09% and a net margin of 11.25%. The firm had revenue of $591.70 million during the quarter, compared to analysts’ expectations of $863.67 million. During the same period in the prior year, the firm posted $1.11 earnings per share. Sell-side analysts anticipate that Black Hills Co. will post 3.9 earnings per share for the current year.

Black Hills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Friday, May 17th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.60 annualized dividend and a yield of 4.83%. Black Hills’s dividend payout ratio (DPR) is presently 66.33%.

Black Hills Profile

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.