Hantz Financial Services Inc. Has $1.44 Million Position in Black Hills Co. (NYSE:BKH)

Hantz Financial Services Inc. grew its holdings in Black Hills Co. (NYSE:BKH) by 6.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,545 shares of the utilities provider’s stock after purchasing an additional 1,472 shares during the quarter. Hantz Financial Services Inc.’s holdings in Black Hills were worth $1,439,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in BKH. Price T Rowe Associates Inc. MD grew its position in shares of Black Hills by 15.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 44,777 shares of the utilities provider’s stock valued at $2,445,000 after purchasing an additional 5,906 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Black Hills during the first quarter worth about $83,000. Jane Street Group LLC grew its position in Black Hills by 99.3% during the first quarter. Jane Street Group LLC now owns 127,845 shares of the utilities provider’s stock worth $6,980,000 after buying an additional 63,687 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Black Hills during the first quarter worth about $388,000. Finally, CWM LLC grew its position in Black Hills by 103.0% during the second quarter. CWM LLC now owns 4,650 shares of the utilities provider’s stock worth $253,000 after buying an additional 2,359 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Scotiabank lifted their target price on Black Hills from $54.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Five analysts have rated the stock with a hold rating, According to MarketBeat, Black Hills has a consensus rating of “Hold” and a consensus target price of $60.25.

Black Hills Stock Up 0.2 %

Shares of BKH opened at $64.07 on Monday. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 4.63 and a beta of 0.69. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 1.20. Black Hills Co. has a 12 month low of $49.33 and a 12 month high of $65.59. The company has a 50-day moving average price of $61.13 and a two-hundred day moving average price of $58.27.

Black Hills Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 18th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend was Monday, November 18th. Black Hills’s dividend payout ratio is 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.