Diversified Trust Co Buys 922 Shares of Black Hills Co. (NYSE:BKH)

Diversified Trust Co increased its position in shares of Black Hills Co. (NYSE:BKH) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,161 shares of the utilities provider’s stock after purchasing an additional 922 shares during the quarter. Diversified Trust Co’s holdings in Black Hills were worth $712,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its holdings in shares of Black Hills by 19.3% during the third quarter. Thrivent Financial for Lutherans now owns 210,768 shares of the utilities provider’s stock worth $12,882,000 after buying an additional 34,129 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Black Hills by 161.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 54,400 shares of the utilities provider’s stock valued at $2,958,000 after purchasing an additional 33,600 shares in the last quarter. HighTower Advisors LLC raised its position in Black Hills by 19.3% in the 3rd quarter. HighTower Advisors LLC now owns 102,335 shares of the utilities provider’s stock valued at $6,257,000 after purchasing an additional 16,522 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Black Hills in the third quarter worth $1,807,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Black Hills by 34.4% during the second quarter. Hsbc Holdings PLC now owns 108,024 shares of the utilities provider’s stock worth $5,854,000 after purchasing an additional 27,677 shares during the last quarter. 86.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Scotiabank lifted 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 investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $61.25.

Black Hills Stock Down 0.1 %

Shares of BKH opened at $56.11 on Friday. The business’s fifty day moving average price is $60.55 and its two-hundred day moving average price is $59.22. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 4.41 and a beta of 0.72. Black Hills Co. has a 52 week low of $49.33 and a 52 week high of $65.59. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.83 and a current ratio of 1.12.

Black Hills Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 18th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.63%. The ex-dividend date 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.