Leeward Investments LLC MA Sells 11,803 Shares of Black Hills Co. (NYSE:BKH)

Leeward Investments LLC MA decreased its position in Black Hills Co. (NYSE:BKH) by 7.0% during the 4th quarter, Holdings Channel reports. The firm owned 157,770 shares of the utilities provider’s stock after selling 11,803 shares during the period. Leeward Investments LLC MA’s holdings in Black Hills were worth $9,233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Black Hills by 84.9% in the third quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 265 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Black Hills by 3.4% in the fourth quarter. State of Alaska Department of Revenue now owns 8,162 shares of the utilities provider’s stock worth $477,000 after purchasing an additional 270 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Black Hills by 83.3% in the fourth quarter. UMB Bank n.a. now owns 625 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 284 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Black Hills by 181.5% in the fourth quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 305 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Black Hills by 5.8% in the third quarter. Captrust Financial Advisors now owns 5,904 shares of the utilities provider’s stock worth $361,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

Black Hills Stock Performance

Shares of BKH stock opened at $59.65 on Friday. The stock has a fifty day moving average of $58.56 and a 200 day moving average of $59.76. Black Hills Co. has a 52 week low of $50.72 and a 52 week high of $65.59. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 2.71 and a beta of 0.73. The company has a quick ratio of 0.77, a current ratio of 0.97 and a debt-to-equity ratio of 1.19.

Black Hills (NYSE:BKH) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.20 by $0.17. Black Hills had a return on equity of 7.82% and a net margin of 12.84%. As a group, research analysts expect that Black Hills Co. will post 4.12 earnings per share for the current year.

Black Hills Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.676 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.70 annualized dividend and a yield of 4.53%. This is a positive change from Black Hills’s previous quarterly dividend of $0.65. Black Hills’s dividend payout ratio (DPR) is currently 68.88%.

Analyst Ratings Changes

Separately, Scotiabank cut their target price on shares of Black Hills from $67.00 to $66.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th.

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.