Fort Washington Investment Advisors Inc. OH Has $1,108,000 Stake in Black Hills Corp (BKH)

Fort Washington Investment Advisors Inc. OH continued to hold its position in Black Hills Corp (NYSE:BKH) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,675 shares of the utilities provider’s stock at the end of the first quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Black Hills Corp were worth $1,108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Flinton Capital Management LLC increased its position in Black Hills Corp by 2.1% in the first quarter. Flinton Capital Management LLC now owns 1,536 shares of the utilities provider’s stock worth $102,000 after buying an additional 32 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new position in shares of Black Hills Corp during the fourth quarter worth $108,000. Meadow Creek Investment Management LLC increased its position in shares of Black Hills Corp by 2.1% in the first quarter. Meadow Creek Investment Management LLC now owns 2,112 shares of the utilities provider’s stock worth $140,000 after buying an additional 44 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Black Hills Corp during the first quarter worth $144,000. Finally, Glen Harbor Capital Management LLC increased its position in shares of Black Hills Corp by 2.1% in the first quarter. Glen Harbor Capital Management LLC now owns 2,688 shares of the utilities provider’s stock worth $179,000 after buying an additional 56 shares during the period. Institutional investors own 89.27% of the company’s stock.

Institutional Ownership by Quarter for Black Hills Corp (NYSE:BKH)

Shares of Black Hills Corp (NYSE:BKH) traded up 0.76% on Wednesday, hitting $69.02. 190,463 shares of the company’s stock were exchanged. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 34.08 and a beta of 0.71. The company’s 50-day moving average price is $68.02 and its 200 day moving average price is $63.62. Black Hills Corp has a 12-month low of $54.76 and a 12-month high of $69.65.

Black Hills Corp (NYSE:BKH) last issued its earnings results on Wednesday, May 3rd. The utilities provider reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.01. The business had revenue of $554 million for the quarter, compared to the consensus estimate of $581 million. Black Hills Corp had a net margin of 4.65% and a return on equity of 10.39%. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 earnings per share. On average, equities analysts predict that Black Hills Corp will post $3.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, May 16th. Black Hills Corp’s payout ratio is 129.93%.

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A number of research analysts have weighed in on BKH shares. Singular Research upped their price objective on shares of Black Hills Corp from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Zacks Investment Research downgraded shares of Black Hills Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $70.00 price objective on shares of Black Hills Corp in a research report on Friday, March 17th. Credit Suisse Group AG started coverage on shares of Black Hills Corp in a research report on Wednesday, January 25th. They issued an “outperform” rating and a $69.00 price objective for the company. Finally, BMO Capital Markets upped their price objective on shares of Black Hills Corp from $67.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $70.50.

Black Hills Corp Company Profile

Black Hills Corporation is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through segments, including Electric Utilities, Gas Utilities, Power Generation, Mining, Oil and Gas, and Corporate. As of December 31, 2016, the Electric Utilities segment generated, transmitted and distributed electricity to approximately 208,500 customers in South Dakota, Wyoming, Colorado and Montana.

12 Month Chart for NYSE:BKH

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