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

Diversified Trust Co boosted its holdings in shares of Black Hills Co. (NYSE:BKH) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zimmer Partners LP bought a new stake in shares of Black Hills in the third quarter valued at approximately $96,374,000. Franklin Resources Inc. raised its stake in Black Hills by 109.8% during the 3rd quarter. Franklin Resources Inc. now owns 882,646 shares of the utilities provider’s stock valued at $53,356,000 after purchasing an additional 461,894 shares during the last quarter. AQR Capital Management LLC grew its position in Black Hills by 31.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,147,939 shares of the utilities provider’s stock worth $62,425,000 after purchasing an additional 275,994 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Black Hills by 54.5% during the 2nd quarter. Victory Capital Management Inc. now owns 481,415 shares of the utilities provider’s stock worth $26,179,000 after purchasing an additional 169,827 shares during the period. Finally, Invenomic Capital Management LP acquired a new position in shares of Black Hills during the third quarter valued at about $8,260,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Black Hills Price Performance

NYSE:BKH opened at $56.11 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.83 and a current ratio of 1.12. The company has a 50-day moving average of $60.55 and a 200-day moving average of $59.22. Black Hills Co. has a 52 week low of $49.33 and a 52 week high of $65.59. The company 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 Dividend Announcement

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

Analysts Set New Price Targets

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

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.