Victory Capital Management Inc. Has $32.28 Million Stock Holdings in Black Hills Co. (NYSE:BKH)

Victory Capital Management Inc. grew its position in Black Hills Co. (NYSE:BKH) by 19.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 551,582 shares of the utilities provider’s stock after purchasing an additional 89,181 shares during the period. Victory Capital Management Inc. owned about 0.77% of Black Hills worth $32,279,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BKH. Zimmer Partners LP acquired a new stake in Black Hills in the third quarter worth $96,374,000. Franklin Resources Inc. raised its holdings in shares of Black Hills by 109.8% during the third quarter. Franklin Resources Inc. now owns 882,646 shares of the utilities provider’s stock worth $53,356,000 after acquiring an additional 461,894 shares during the period. Invenomic Capital Management LP acquired a new stake in shares of Black Hills during the third quarter worth $8,260,000. SG Americas Securities LLC raised its holdings in shares of Black Hills by 1,579.6% during the fourth quarter. SG Americas Securities LLC now owns 84,634 shares of the utilities provider’s stock worth $4,953,000 after acquiring an additional 79,595 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Black Hills during the fourth quarter worth $3,447,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Black Hills Trading Up 1.1 %

Shares of NYSE:BKH opened at $60.09 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.97 and a debt-to-equity ratio of 1.19. Black Hills Co. has a 12 month low of $50.72 and a 12 month high of $65.59. The company’s fifty day simple moving average is $58.87 and its 200 day simple moving average is $59.99. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 2.75 and a beta of 0.68.

Black Hills (NYSE:BKH) last issued its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.17. Black Hills had a net margin of 12.84% and a return on equity of 7.82%. As a group, research analysts forecast that Black Hills Co. will post 4.12 EPS for the current fiscal year.

Black Hills Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, February 18th were paid a $0.676 dividend. This is a positive change from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Tuesday, February 18th. Black Hills’s payout ratio is presently 68.88%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank dropped their price objective on shares of Black Hills from $67.00 to $66.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th.

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.