World Investment Advisors LLC Takes Position in Black Hills Co. (NYSE:BKH)

World Investment Advisors LLC purchased a new stake in shares of Black Hills Co. (NYSE:BKH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,387 shares of the utilities provider’s stock, valued at approximately $1,185,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board increased its holdings in shares of Black Hills by 161.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 54,400 shares of the utilities provider’s stock valued at $2,958,000 after purchasing an additional 33,600 shares during the period. Thrivent Financial for Lutherans grew its position in Black Hills by 19.3% during the third quarter. Thrivent Financial for Lutherans now owns 210,768 shares of the utilities provider’s stock valued at $12,882,000 after purchasing an additional 34,129 shares in the last quarter. HighTower Advisors LLC increased its stake in Black Hills by 19.3% in the 3rd quarter. HighTower Advisors LLC now owns 102,335 shares of the utilities provider’s stock valued at $6,257,000 after buying an additional 16,522 shares during the period. CWA Asset Management Group LLC purchased a new stake in Black Hills in the 3rd quarter worth approximately $1,807,000. Finally, Burney Co. boosted its stake in shares of Black Hills by 6.6% during the 2nd quarter. Burney Co. now owns 79,560 shares of the utilities provider’s stock valued at $4,326,000 after buying an additional 4,915 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank upped their target price on Black Hills from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $61.25.

Black Hills Trading Down 0.0 %

Shares of BKH stock opened at $60.96 on Monday. Black Hills Co. has a 12 month low of $49.33 and a 12 month high of $65.59. The company has a market cap of $4.36 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 4.41 and a beta of 0.71. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $61.36 and its two-hundred day moving average is $58.72.

Black Hills Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 18th were given a $0.65 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.60 annualized dividend and a yield of 4.27%. Black Hills’s dividend payout ratio is 69.89%.

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.