Hantz Financial Services Inc. Lowers Position in Black Hills Co. (NYSE:BKH)

Hantz Financial Services Inc. trimmed its position in shares of Black Hills Co. (NYSE:BKH) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,307 shares of the utilities provider’s stock after selling 238 shares during the quarter. Hantz Financial Services Inc.’s holdings in Black Hills were worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in Black Hills by 181.5% during the fourth quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 305 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Black Hills by 84.9% during the 3rd quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock worth $35,000 after buying an additional 265 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Black Hills by 83.3% in the 4th quarter. UMB Bank n.a. now owns 625 shares of the utilities provider’s stock worth $37,000 after buying an additional 284 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Black Hills in the third quarter valued at approximately $45,000. Finally, Quarry LP increased its position in shares of Black Hills by 158.0% during the second quarter. Quarry LP now owns 841 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 515 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Scotiabank upped their price objective on Black Hills from $63.00 to $67.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Black Hills has an average rating of “Hold” and a consensus price target of $61.25.

Black Hills Trading Down 0.6 %

NYSE:BKH opened at $58.69 on Friday. Black Hills Co. has a 12 month low of $49.33 and a 12 month high of $65.59. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average is $59.48 and its 200 day moving average is $59.62. The stock has a market capitalization of $4.20 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 4.17 and a beta of 0.72.

Black Hills Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.676 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Black Hills’s previous quarterly dividend of $0.65. Black Hills’s dividend payout ratio is currently 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.