CWA Asset Management Group LLC Has $532,000 Holdings in Black Hills Co. (NYSE:BKH)

CWA Asset Management Group LLC trimmed its position in Black Hills Co. (NYSE:BKH) by 69.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,082 shares of the utilities provider’s stock after selling 20,478 shares during the quarter. CWA Asset Management Group LLC’s holdings in Black Hills were worth $532,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc boosted its stake in Black Hills by 181.5% in 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. Blue Trust Inc. lifted its holdings in shares of Black Hills by 84.9% in the third quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 265 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Black Hills in the third quarter worth $45,000. Quarry LP grew 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 valued at $46,000 after buying an additional 515 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in Black Hills by 972.3% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 890 shares of the utilities provider’s stock valued at $48,000 after buying an additional 807 shares during the period. 86.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Black Hills Price Performance

Shares of NYSE:BKH opened at $56.11 on Thursday. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 4.41 and a beta of 0.72. Black Hills Co. has a 1 year low of $49.33 and a 1 year high of $65.59. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 1.20. The business has a fifty day simple moving average of $60.61 and a 200 day simple moving average of $59.24.

Black Hills Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 18th were issued a dividend of $0.65 per share. The ex-dividend date was Monday, November 18th. This represents a $2.60 annualized dividend and a dividend yield of 4.63%. Black Hills’s dividend payout ratio is 69.89%.

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.