Cerity Partners LLC Grows Holdings in Black Hills Co. (NYSE:BKH)

Cerity Partners LLC boosted its holdings in Black Hills Co. (NYSE:BKH) by 9.3% in the third quarter, HoldingsChannel reports. The firm owned 38,943 shares of the utilities provider’s stock after purchasing an additional 3,298 shares during the period. Cerity Partners LLC’s holdings in Black Hills were worth $2,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Black Hills by 15.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,777 shares of the utilities provider’s stock worth $2,445,000 after buying an additional 5,906 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Black Hills in the 1st quarter worth approximately $83,000. Jane Street Group LLC lifted its holdings in shares of Black Hills by 99.3% in the 1st quarter. Jane Street Group LLC now owns 127,845 shares of the utilities provider’s stock worth $6,980,000 after purchasing an additional 63,687 shares during the last quarter. Cetera Advisors LLC acquired a new position in Black Hills during the 1st quarter valued at approximately $388,000. Finally, CWM LLC grew its position in shares of 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 acquiring an additional 2,359 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

Black Hills Trading Up 0.2 %

Shares of NYSE:BKH opened at $64.07 on Monday. Black Hills Co. has a twelve month low of $49.33 and a twelve month high of $65.59. The firm has a market cap of $4.59 billion, a P/E ratio of 17.22, a P/E/G ratio of 4.63 and a beta of 0.69. The company has a 50 day moving average of $61.13 and a 200-day moving average of $58.27. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 1.20.

Black Hills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 18th were given a dividend of $0.65 per share. The ex-dividend date was Monday, November 18th. This represents a $2.60 annualized dividend and a dividend yield of 4.06%. Black Hills’s dividend payout ratio (DPR) is 69.89%.

Wall Street Analyst Weigh In

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

Black Hills Company 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.