Black Hills Co. (NYSE:BKH) Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC lowered its position in shares of Black Hills Co. (NYSE:BKH) by 3.5% in the second quarter, HoldingsChannel.com reports. The fund owned 17,876 shares of the utilities provider’s stock after selling 641 shares during the quarter. Huber Capital Management LLC’s holdings in Black Hills were worth $972,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of Black Hills during the first quarter worth about $31,000. Pathway Financial Advisers LLC acquired a new stake in Black Hills during the 1st quarter valued at approximately $31,000. Sunbelt Securities Inc. purchased a new stake in shares of Black Hills in the 1st quarter valued at $33,000. Riverview Trust Co acquired a new stake in shares of Black Hills in the first quarter worth $38,000. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Black Hills by 77.2% during the first quarter. Hexagon Capital Partners LLC now owns 732 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Mizuho increased their price target on Black Hills from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 4th. Wells Fargo & Company boosted their price target on Black Hills from $61.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Finally, Scotiabank raised their price objective on shares of Black Hills from $54.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $58.00.

Black Hills Stock Down 0.3 %

Shares of BKH opened at $60.64 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.94 and a debt-to-equity ratio of 1.23. The firm has a market cap of $4.18 billion, a P/E ratio of 14.94 and a beta of 0.68. The stock’s 50 day moving average is $58.65 and its two-hundred day moving average is $55.72. Black Hills Co. has a 12 month low of $46.43 and a 12 month high of $61.89.

Black Hills (NYSE:BKH) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. Black Hills had a net margin of 12.96% and a return on equity of 8.21%. The company had revenue of $402.60 million during the quarter, compared to analyst estimates of $498.00 million. During the same quarter in the previous year, the firm earned $0.35 EPS. The firm’s revenue was down 2.1% compared to the same quarter last year. Analysts predict that Black Hills Co. will post 3.92 earnings per share for the current fiscal year.

Black Hills Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 19th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.29%. The ex-dividend date was Monday, August 19th. Black Hills’s payout ratio is 64.04%.

About Black Hills

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.