Black Hills Co. (NYSE:BKH) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its position in Black Hills Co. (NYSE:BKH) by 4,751.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,154 shares of the utilities provider’s stock after acquiring an additional 15,821 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Black Hills were worth $945,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc increased its holdings in Black Hills by 181.5% in the fourth quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock valued at $28,000 after buying an additional 305 shares during the last quarter. Blue Trust Inc. raised its position in shares of Black Hills by 84.9% during the 3rd quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 265 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Black Hills during the third quarter worth $45,000. Quarry LP boosted its holdings in Black Hills by 158.0% in the second quarter. Quarry LP now owns 841 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 515 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake 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 purchasing an additional 807 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Wall Street Analyst Weigh In

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

Black Hills Stock Performance

BKH stock opened at $55.94 on Tuesday. The stock’s fifty day moving average is $60.48 and its two-hundred day moving average is $59.33. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 4.41 and a beta of 0.72. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.83 and a current ratio of 1.12. Black Hills Co. has a 1 year low of $49.33 and a 1 year high of $65.59.

Black Hills Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 18th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend was Monday, November 18th. Black Hills’s 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.