Jackson Creek Investment Advisors LLC Sells 2,850 Shares of Black Hills Co. (NYSE:BKH)

Jackson Creek Investment Advisors LLC decreased its position in shares of Black Hills Co. (NYSE:BKH) by 9.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,250 shares of the utilities provider’s stock after selling 2,850 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Black Hills were worth $1,536,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Black Hills by 2.1% in the third quarter. Geode Capital Management LLC now owns 1,663,157 shares of the utilities provider’s stock worth $101,671,000 after purchasing an additional 33,853 shares during the period. Zimmer Partners LP purchased a new position in Black Hills during the third quarter valued at $96,374,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Black Hills by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,225,653 shares of the utilities provider’s stock valued at $71,725,000 after buying an additional 39,369 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Black Hills by 109.8% in the 3rd quarter. Franklin Resources Inc. now owns 882,646 shares of the utilities provider’s stock worth $53,356,000 after buying an additional 461,894 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Black Hills by 19.3% in the 4th quarter. Victory Capital Management Inc. now owns 551,582 shares of the utilities provider’s stock worth $32,279,000 after acquiring an additional 89,181 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

Black Hills Trading Down 1.3 %

Black Hills stock opened at $59.38 on Friday. Black Hills Co. has a 12 month low of $50.72 and a 12 month high of $65.59. The company has a current ratio of 0.97, a quick ratio of 0.77 and a debt-to-equity ratio of 1.19. The business’s fifty day simple moving average is $58.83 and its two-hundred day simple moving average is $59.94. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 2.75 and a beta of 0.68.

Black Hills (NYSE:BKH) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.20 by $0.17. Black Hills had a net margin of 12.84% and a return on equity of 7.82%. As a group, equities analysts predict that Black Hills Co. will post 4.12 earnings per share for the current fiscal year.

Black Hills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, February 18th were issued a $0.676 dividend. This is a positive change from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Tuesday, February 18th. Black Hills’s payout ratio is presently 68.88%.

Wall Street Analyst Weigh In

Separately, Scotiabank dropped their price objective on shares of Black Hills from $67.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th.

Black Hills 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.