Dimensional Fund Advisors LP trimmed its stake in Black Hills Corporation (NYSE:BKH) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 965,610 shares of the utilities provider’s stock after selling 5,243 shares during the period. Dimensional Fund Advisors LP owned about 1.81% of Black Hills Corporation worth $65,150,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky grew its position in Black Hills Corporation by 2.4% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 33,503 shares of the utilities provider’s stock worth $2,260,000 after purchasing an additional 800 shares during the last quarter. Renaissance Technologies LLC grew its position in Black Hills Corporation by 35.9% in the 2nd quarter. Renaissance Technologies LLC now owns 720,800 shares of the utilities provider’s stock worth $48,632,000 after purchasing an additional 190,500 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Black Hills Corporation by 5.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 87,962 shares of the utilities provider’s stock worth $5,935,000 after purchasing an additional 4,869 shares during the last quarter. Advisor Group Inc. grew its position in Black Hills Corporation by 7.7% in the 2nd quarter. Advisor Group Inc. now owns 2,119 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 151 shares during the last quarter. Finally, Suntrust Banks Inc. acquired a new stake in Black Hills Corporation in the 2nd quarter worth $202,000. Institutional investors own 93.83% of the company’s stock.
Shares of Black Hills Corporation (NYSE BKH) opened at 68.42 on Friday. The firm has a 50-day moving average of $69.34 and a 200 day moving average of $68.96. Black Hills Corporation has a 52-week low of $54.76 and a 52-week high of $72.02. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 28.57 and a beta of 0.79.
Black Hills Corporation (NYSE:BKH) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.10). The company had revenue of $348.00 million during the quarter, compared to the consensus estimate of $356.85 million. Black Hills Corporation had a net margin of 7.71% and a return on equity of 10.48%. Black Hills Corporation’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. Analysts predict that Black Hills Corporation will post $3.57 EPS for the current year.
Several analysts have issued reports on BKH shares. Williams Capital lowered shares of Black Hills Corporation from a “buy” rating to a “hold” rating and decreased their price target for the stock from $75.00 to $70.00 in a research report on Friday, October 6th. Royal Bank Of Canada restated a “buy” rating and issued a $70.00 price target on shares of Black Hills Corporation in a research report on Monday, July 31st. Zacks Investment Research lowered shares of Black Hills Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. BidaskClub lowered shares of Black Hills Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Credit Suisse Group raised their price target on shares of Black Hills Corporation from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, October 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Black Hills Corporation presently has a consensus rating of “Buy” and a consensus price target of $74.33.
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Black Hills Corporation Company Profile
Black Hills Corporation is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through segments, including Electric Utilities, Gas Utilities, Power Generation, Mining, Oil and Gas, and Corporate. As of December 31, 2016, the Electric Utilities segment generated, transmitted and distributed electricity to approximately 208,500 customers in South Dakota, Wyoming, Colorado and Montana.
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