Keeley Teton Advisors LLC Trims Stake in Black Hills Corp (BKH)

Keeley Teton Advisors LLC cut its holdings in Black Hills Corp (NYSE:BKH) by 19.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 407,328 shares of the utilities provider’s stock after selling 99,441 shares during the period. Black Hills comprises 1.5% of Keeley Teton Advisors LLC’s holdings, making the stock its 12th largest holding. Keeley Teton Advisors LLC owned approximately 0.76% of Black Hills worth $28,053,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Capstone Asset Management Co. grew its holdings in Black Hills by 6.6% during the 2nd quarter. Capstone Asset Management Co. now owns 5,189 shares of the utilities provider’s stock valued at $350,000 after purchasing an additional 320 shares during the last quarter. Aperio Group LLC grew its holdings in Black Hills by 37.3% during the 2nd quarter. Aperio Group LLC now owns 25,132 shares of the utilities provider’s stock valued at $1,696,000 after purchasing an additional 6,824 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Black Hills by 2,256.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,228 shares of the utilities provider’s stock valued at $825,000 after purchasing an additional 11,709 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Black Hills by 21.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 5,549 shares of the utilities provider’s stock valued at $374,000 after purchasing an additional 998 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Black Hills by 24.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 38,939 shares of the utilities provider’s stock valued at $2,625,000 after purchasing an additional 7,588 shares during the last quarter. Hedge funds and other institutional investors own 95.31% of the company’s stock.

Shares of Black Hills Corp (BKH) opened at $57.44 on Wednesday. Black Hills Corp has a 52-week low of $57.10 and a 52-week high of $72.02. The firm has a market cap of $3,108.52, a P/E ratio of 17.15, a PEG ratio of 3.11 and a beta of 0.73. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.47.

Black Hills (NYSE:BKH) last announced its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.05). The business had revenue of $342.10 million during the quarter, compared to analysts’ expectations of $369.84 million. Black Hills had a return on equity of 10.47% and a net margin of 8.47%. Black Hills’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. research analysts expect that Black Hills Corp will post 3.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, November 16th. This is a positive change from Black Hills’s previous quarterly dividend of $0.45. Black Hills’s payout ratio is 72.52%.

BKH has been the topic of several analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 price target on shares of Black Hills in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Black Hills from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Williams Capital cut shares of Black Hills from a “buy” rating to a “hold” rating and lowered their price objective for the company from $75.00 to $70.00 in a research report on Friday, October 6th. Wells Fargo & Company initiated coverage on shares of Black Hills in a research report on Friday, October 27th. They issued a “market perform” rating and a $58.00 price objective for the company. Finally, Bank of America raised shares of Black Hills from an “underperform” rating to a “neutral” rating and set a $61.00 price objective for the company in a research report on Monday, November 13th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $68.13.

TRADEMARK VIOLATION WARNING: “Keeley Teton Advisors LLC Trims Stake in Black Hills Corp (BKH)” was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.com-unik.info/2017/12/06/keeley-teton-advisors-llc-trims-stake-in-black-hills-corp-bkh.html.

About Black Hills

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.

Institutional Ownership by Quarter for Black Hills (NYSE:BKH)

What are top analysts saying about Black Hills Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Black Hills Corp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit