Dynamic Technology Lab Private Ltd Makes New $1.03 Million Investment in Black Hills Co. (NYSE:BKH)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Black Hills Co. (NYSE:BKH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,549 shares of the utilities provider’s stock, valued at approximately $1,027,000.

Other hedge funds also recently modified their holdings of the company. FMR LLC increased its stake in Black Hills by 8.3% in the third quarter. FMR LLC now owns 117,828 shares of the utilities provider’s stock valued at $7,202,000 after purchasing an additional 9,002 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Black Hills by 23.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,771 shares of the utilities provider’s stock valued at $781,000 after buying an additional 2,395 shares during the period. Captrust Financial Advisors increased its position in Black Hills by 5.8% in the 3rd quarter. Captrust Financial Advisors now owns 5,904 shares of the utilities provider’s stock valued at $361,000 after buying an additional 325 shares in the last quarter. Verition Fund Management LLC raised its stake in Black Hills by 264.8% during the 3rd quarter. Verition Fund Management LLC now owns 28,139 shares of the utilities provider’s stock worth $1,720,000 after buying an additional 20,425 shares during the period. Finally, Centiva Capital LP bought a new position in Black Hills in the third quarter worth approximately $708,000. Institutional investors own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

Black Hills Price Performance

Shares of NYSE BKH opened at $58.33 on Friday. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 2.75 and a beta of 0.64. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.77 and a current ratio of 0.97. Black Hills Co. has a fifty-two week low of $50.73 and a fifty-two week high of $65.59. The firm’s 50-day simple moving average is $59.86 and its 200 day simple moving average is $60.08.

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

Black Hills Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Tuesday, February 18th were issued a $0.676 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.70 annualized dividend and a dividend yield of 4.64%. This is an increase from Black Hills’s previous quarterly dividend of $0.65. Black Hills’s dividend payout ratio is currently 68.88%.

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.