Barclays PLC Acquires 21,697 Shares of Black Hills Co. (NYSE:BKH)

Barclays PLC lifted its stake in Black Hills Co. (NYSE:BKH) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 500,826 shares of the utilities provider’s stock after purchasing an additional 21,697 shares during the period. Barclays PLC’s holdings in Black Hills were worth $30,610,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of Black Hills by 172.7% during 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 during the period. Wealth Enhancement Advisory Services LLC grew its stake in Black Hills by 22.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,625 shares of the utilities provider’s stock worth $252,000 after purchasing an additional 860 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Black Hills by 54.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 329,478 shares of the utilities provider’s stock worth $17,917,000 after purchasing an additional 116,730 shares during the period. Leeward Investments LLC MA raised its position in 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 purchasing an additional 9,048 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Black Hills by 4.0% in the 2nd 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 period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Black Hills Stock Performance

Shares of NYSE:BKH opened at $60.95 on Friday. The firm has a 50 day moving average of $61.36 and a 200 day moving average of $58.66. 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 company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth 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.

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 18th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend was Monday, November 18th. Black Hills’s dividend payout ratio (DPR) is currently 69.89%.

Analyst Ratings Changes

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

About Black Hills

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.