EntryPoint Capital LLC Has $116,000 Stock Holdings in Black Hills Co. (NYSE:BKH)

EntryPoint Capital LLC increased its position in Black Hills Co. (NYSE:BKH) by 3,428.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,117 shares of the utilities provider’s stock after buying an additional 2,057 shares during the quarter. EntryPoint Capital LLC’s holdings in Black Hills were worth $116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its holdings in Black Hills by 48.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,872 shares of the utilities provider’s stock valued at $425,000 after purchasing an additional 2,556 shares during the period. Pacer Advisors Inc. increased its stake in shares of Black Hills by 162.5% in the fourth quarter. Pacer Advisors Inc. now owns 14,855 shares of the utilities provider’s stock valued at $801,000 after buying an additional 9,196 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Black Hills by 640.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 256,527 shares of the utilities provider’s stock worth $13,840,000 after acquiring an additional 221,898 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Black Hills by 7.2% in the fourth quarter. AdvisorNet Financial Inc now owns 24,243 shares of the utilities provider’s stock worth $1,308,000 after acquiring an additional 1,625 shares during the period. Finally, State of Michigan Retirement System boosted its holdings in Black Hills by 1.9% in the fourth quarter. State of Michigan Retirement System now owns 16,300 shares of the utilities provider’s stock valued at $879,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

Black Hills Price Performance

Shares of NYSE BKH opened at $58.79 on Friday. The firm has a market capitalization of $4.05 billion, a P/E ratio of 14.48 and a beta of 0.69. The firm’s 50-day moving average price is $55.09 and its 200-day moving average price is $53.80. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. Black Hills Co. has a 1-year low of $46.43 and a 1-year high of $61.42.

Black Hills (NYSE:BKH) last issued its earnings results on Wednesday, May 8th. The utilities provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.17. The business had revenue of $726.40 million during the quarter, compared to analyst estimates of $683.00 million. Black Hills had a return on equity of 8.37% and a net margin of 12.92%. The firm’s revenue was down 21.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.73 EPS. Equities research analysts anticipate that Black Hills Co. will post 3.92 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Monday, August 19th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.42%. The ex-dividend date is Monday, August 19th. Black Hills’s payout ratio is currently 64.04%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BKH shares. Wells Fargo & Company boosted their price target on shares of Black Hills from $56.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. StockNews.com raised shares of Black Hills from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Mizuho increased their price target on Black Hills from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, June 4th. Finally, Scotiabank dropped their price objective on Black Hills from $58.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $55.60.

Insider Buying and Selling at Black Hills

In other Black Hills news, Director Rebecca B. Roberts sold 3,094 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $54.84, for a total value of $169,674.96. Following the transaction, the director now directly owns 7,956 shares of the company’s stock, valued at $436,307.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

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.