Segall Bryant & Hamill LLC Boosts Stock Holdings in Black Hills Co. (NYSE:BKH)

Segall Bryant & Hamill LLC grew its stake in shares of Black Hills Co. (NYSE:BKH) by 46.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,056 shares of the utilities provider’s stock after buying an additional 11,120 shares during the period. Segall Bryant & Hamill LLC’s holdings in Black Hills were worth $2,051,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in Black Hills by 66.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 173 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Black Hills by 182.8% in the 4th quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 298 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Black Hills by 181.5% during the 4th quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 305 shares during the period. Global Retirement Partners LLC increased its position in Black Hills by 373.2% during the 4th quarter. Global Retirement Partners LLC now owns 530 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 418 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Black Hills by 83.3% in the fourth quarter. UMB Bank n.a. now owns 625 shares of the utilities provider’s stock valued at $37,000 after buying an additional 284 shares during the period. 86.71% of the stock is owned by hedge funds and other institutional investors.

Black Hills Stock Performance

Shares of NYSE:BKH opened at $59.62 on Friday. The business’s 50-day simple moving average is $59.65 and its 200 day simple moving average is $60.08. The company has a market cap of $4.30 billion, a P/E ratio of 15.21, a PEG ratio of 2.75 and a beta of 0.68. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.77 and a current ratio of 0.97. Black Hills Co. has a one year low of $50.73 and a one year high of $65.59.

Black Hills (NYSE:BKH) last posted its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.17. Black Hills had a net margin of 12.84% and a return on equity of 7.82%. On average, sell-side analysts forecast that Black Hills Co. will post 4.12 earnings per share for the current fiscal year.

Black Hills Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.676 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 annualized dividend and a dividend yield of 4.54%. Black Hills’s dividend payout ratio (DPR) is currently 68.88%.

Analyst Ratings Changes

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

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.