Quantinno Capital Management LP Acquires 49,837 Shares of Black Hills Corporation $BKH

Quantinno Capital Management LP increased its stake in shares of Black Hills Corporation (NYSE:BKH) by 279.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 67,672 shares of the utilities provider’s stock after buying an additional 49,837 shares during the period. Quantinno Capital Management LP’s holdings in Black Hills were worth $4,697,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its stake in shares of Black Hills by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,342 shares of the utilities provider’s stock worth $232,000 after acquiring an additional 137 shares during the last quarter. Meeder Advisory Services Inc. grew its stake in shares of Black Hills by 1.6% during the fourth quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider’s stock valued at $638,000 after purchasing an additional 145 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Black Hills by 0.6% during the third quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock valued at $1,614,000 after purchasing an additional 154 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Black Hills by 11.5% in the fourth quarter. Farther Finance Advisors LLC now owns 1,516 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 156 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in Black Hills by 4.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 3,827 shares of the utilities provider’s stock worth $266,000 after purchasing an additional 168 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on BKH. BMO Capital Markets reduced their price objective on Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Bank of America upped their price target on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Wall Street Zen lowered Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, Oppenheimer set a $78.00 price objective on Black Hills in a report on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $81.67.

Black Hills Price Performance

BKH opened at $72.75 on Friday. The company has a fifty day moving average price of $73.32 and a two-hundred day moving average price of $73.11. The firm has a market capitalization of $5.54 billion, a PE ratio of 18.37, a P/E/G ratio of 2.84 and a beta of 0.71. Black Hills Corporation has a 52 week low of $58.06 and a 52 week high of $78.69. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.65.

Black Hills (NYSE:BKH) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Black Hills had a return on equity of 8.03% and a net margin of 13.01%.The company had revenue of $452.80 million for the quarter, compared to the consensus estimate of $490.89 million. During the same quarter in the prior year, the business posted $0.38 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts anticipate that Black Hills Corporation will post 4.34 earnings per share for the current year.

Black Hills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.703 per share. This represents a $2.81 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, August 17th. Black Hills’s payout ratio is presently 73.18%.

Insider Activity

In related news, Director Robert P. Otto sold 4,109 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total transaction of $304,969.98. Following the completion of the transaction, the director owned 10,886 shares in the company, valued at approximately $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.56% of the company’s stock.

Black Hills Profile

Black Hills Corporation is a diversified energy company based in Rapid City, South Dakota, that provides electricity and natural gas distribution services to residential, commercial and industrial customers. Through its regulated utility subsidiaries—Black Hills Power, Cheyenne Light & Power, and Black Hills Energy—the company delivers reliable energy across Colorado, Kansas, Montana, Nebraska, South Dakota and Wyoming.

In addition to its distribution operations, Black Hills owns and operates a generation portfolio that includes natural gas–fired plants, coal-fired units, hydroelectric facilities and wind projects.