John G Ullman & Associates Inc. Cuts Holdings in Black Hills Co. (NYSE:BKH)

John G Ullman & Associates Inc. cut its holdings in Black Hills Co. (NYSE:BKH) by 2.4% during the third quarter, Holdings Channel reports. The institutional investor owned 58,516 shares of the utilities provider’s stock after selling 1,468 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Black Hills were worth $3,576,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of BKH. Vanguard Group Inc. lifted its stake in shares of Black Hills by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,203,786 shares of the utilities provider’s stock valued at $447,927,000 after purchasing an additional 60,219 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of Black Hills during the 1st quarter worth $322,000. Crewe Advisors LLC boosted its position in shares of Black Hills by 31.9% in the 1st quarter. Crewe Advisors LLC now owns 1,641 shares of the utilities provider’s stock worth $90,000 after buying an additional 397 shares in the last quarter. EntryPoint Capital LLC grew its stake in Black Hills by 3,428.3% in the 1st quarter. EntryPoint Capital LLC now owns 2,117 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 2,057 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Black Hills by 15.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,777 shares of the utilities provider’s stock valued at $2,445,000 after acquiring an additional 5,906 shares in the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BKH has been the topic of several recent research reports. Wells Fargo & Company upped their price target on shares of Black Hills from $61.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Scotiabank upped their target price on Black Hills from $54.00 to $63.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, Black Hills currently has an average rating of “Hold” and an average target price of $60.25.

Black Hills Stock Performance

Shares of NYSE BKH opened at $62.42 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.12 and a quick ratio of 0.83. The company has a market cap of $4.47 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 4.53 and a beta of 0.69. The company has a 50-day simple moving average of $60.66 and a 200-day simple moving average of $57.92. Black Hills Co. has a 12 month low of $49.33 and a 12 month high of $63.60.

Black Hills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Monday, November 18th will be issued a $0.65 dividend. The ex-dividend date is Monday, November 18th. This represents a $2.60 annualized dividend and a yield of 4.17%. Black Hills’s dividend payout ratio (DPR) is presently 69.89%.

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.