ClearAlpha Technologies LP Purchases Shares of 12,959 Black Hills Co. (NYSE:BKH)

ClearAlpha Technologies LP purchased a new position in Black Hills Co. (NYSE:BKH) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,959 shares of the utilities provider’s stock, valued at approximately $792,000.

A number of other large investors have also modified their holdings of BKH. BlueCrest Capital Management Ltd purchased a new position in Black Hills in the third quarter valued at $395,000. Verition Fund Management LLC raised its position in Black Hills by 264.8% in the 3rd quarter. Verition Fund Management LLC now owns 28,139 shares of the utilities provider’s stock valued at $1,720,000 after purchasing an additional 20,425 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Black Hills by 5.8% in the 3rd quarter. Captrust Financial Advisors now owns 5,904 shares of the utilities provider’s stock valued at $361,000 after buying an additional 325 shares during the period. Walleye Capital LLC acquired a new position in shares of Black Hills during the third quarter worth about $2,068,000. Finally, Martingale Asset Management L P increased its stake in shares of Black Hills by 13.0% during the third quarter. Martingale Asset Management L P now owns 71,683 shares of the utilities provider’s stock worth $4,381,000 after buying an additional 8,261 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank boosted their price target on shares of Black Hills from $54.00 to $63.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Black Hills currently has a consensus rating of “Hold” and an average target price of $60.25.

Black Hills Stock Up 0.2 %

BKH stock opened at $64.07 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 1.20. The company’s 50 day moving average is $61.13 and its two-hundred day moving average is $58.27. The stock has a market cap of $4.59 billion, a P/E ratio of 17.22, a PEG ratio of 4.63 and a beta of 0.69. Black Hills Co. has a twelve month low of $49.33 and a twelve month high of $65.59.

Black Hills Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 18th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Monday, November 18th. Black Hills’s payout ratio is 69.89%.

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.