Quantinno Capital Management LP Purchases Shares of 4,491 Black Hills Co. (NYSE:BKH)

Quantinno Capital Management LP acquired a new position in shares of Black Hills Co. (NYSE:BKH) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 4,491 shares of the utilities provider’s stock, valued at approximately $275,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Black Hills by 84.9% during the 3rd quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 265 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Black Hills during the third quarter worth about $45,000. Quarry LP increased its holdings in shares of Black Hills by 158.0% during the second quarter. Quarry LP now owns 841 shares of the utilities provider’s stock worth $46,000 after buying an additional 515 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Black Hills by 972.3% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 890 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 807 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Black Hills in the 3rd quarter worth approximately $82,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised their price target on Black Hills from $63.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.25.

Black Hills Trading Down 0.3 %

BKH opened at $60.78 on Tuesday. Black Hills Co. has a 1-year low of $49.33 and a 1-year high of $65.59. The firm has a 50-day moving average price of $61.39 and a two-hundred day moving average price of $58.76. The stock has a market capitalization of $4.35 billion, a PE ratio of 16.34, a PEG ratio of 4.41 and a beta of 0.71. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 18th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend was Monday, November 18th. Black Hills’s dividend payout ratio is 69.89%.

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.