Captrust Financial Advisors Increases Stock Position in Black Hills Co. (NYSE:BKH)

Captrust Financial Advisors increased its position in shares of Black Hills Co. (NYSE:BKH) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,904 shares of the utilities provider’s stock after buying an additional 325 shares during the period. Captrust Financial Advisors’ holdings in Black Hills were worth $361,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in shares of Black Hills by 172.7% in the second quarter. SG Americas Securities LLC now owns 29,323 shares of the utilities provider’s stock worth $1,595,000 after acquiring an additional 18,569 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Black Hills by 22.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,625 shares of the utilities provider’s stock valued at $252,000 after purchasing an additional 860 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Black Hills by 54.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 329,478 shares of the utilities provider’s stock valued at $17,917,000 after purchasing an additional 116,730 shares in the last quarter. Leeward Investments LLC MA boosted its stake in shares of Black Hills by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 170,148 shares of the utilities provider’s stock valued at $9,253,000 after buying an additional 9,048 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Black Hills by 4.0% in the second quarter. Nisa Investment Advisors LLC now owns 50,636 shares of the utilities provider’s stock worth $2,754,000 after buying an additional 1,960 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Black Hills Price Performance

Shares of BKH opened at $60.95 on Friday. 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 firm has a market cap of $4.36 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 4.41 and a beta of 0.71. Black Hills Co. has a 52 week low of $49.33 and a 52 week high of $65.59. The stock has a 50 day moving average of $61.36 and a 200-day moving average of $58.66.

Black Hills Announces Dividend

The firm also recently announced 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. The ex-dividend date was Monday, November 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.27%. Black Hills’s dividend payout ratio (DPR) is 69.89%.

Wall Street Analysts Forecast Growth

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

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.