Black Hills Co. (NYSE:BKH) Position Boosted by Insight Folios Inc

Insight Folios Inc grew its holdings in shares of Black Hills Co. (NYSE:BKH) by 13.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,882 shares of the utilities provider’s stock after purchasing an additional 12,216 shares during the period. Black Hills makes up 2.3% of Insight Folios Inc’s portfolio, making the stock its 27th biggest holding. Insight Folios Inc owned 0.15% of Black Hills worth $5,672,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BKH. Rise Advisors LLC bought a new position in shares of Black Hills during the 1st quarter valued at about $31,000. Sunbelt Securities Inc. bought a new position in shares of Black Hills during the 1st quarter valued at about $33,000. Riverview Trust Co bought a new position in shares of Black Hills during the 1st quarter valued at about $38,000. Hexagon Capital Partners LLC boosted its position in shares of Black Hills by 77.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 732 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 319 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Black Hills by 53.8% in the fourth quarter. Parallel Advisors LLC now owns 752 shares of the utilities provider’s stock worth $41,000 after buying an additional 263 shares during the period. Institutional investors own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a report on Thursday, May 9th. Mizuho raised their target price on shares of Black Hills from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, June 4th. Wells Fargo & Company raised their target price on shares of Black Hills from $56.00 to $61.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Finally, Scotiabank decreased their target price on shares of Black Hills from $58.00 to $54.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $55.60.

Black Hills Stock Up 0.1 %

Shares of BKH stock traded up $0.04 during trading on Thursday, hitting $54.31. 212,620 shares of the company were exchanged, compared to its average volume of 400,013. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 0.73. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 13.38 and a beta of 0.69. The business’s 50-day simple moving average is $54.87 and its 200 day simple moving average is $53.53. Black Hills Co. has a twelve month low of $46.43 and a twelve month high of $61.94.

Black Hills (NYSE:BKH) last posted its quarterly earnings results on Wednesday, May 8th. The utilities provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.70 by $0.17. The business had revenue of $726.40 million during the quarter, compared to analysts’ expectations of $683.00 million. Black Hills had a net margin of 12.92% and a return on equity of 8.37%. The firm’s quarterly revenue was down 21.1% compared to the same quarter last year. During the same period last year, the company posted $1.73 earnings per share. As a group, analysts forecast that Black Hills Co. will post 3.92 EPS for the current fiscal year.

Black Hills Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Friday, May 17th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend was Thursday, May 16th. Black Hills’s payout ratio is presently 64.04%.

Insider Activity at Black Hills

In related news, Director Rebecca B. Roberts sold 3,094 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $54.84, for a total transaction of $169,674.96. Following the transaction, the director now owns 7,956 shares of the company’s stock, valued at $436,307.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.63% of the company’s stock.

Black Hills 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.