Fox Run Management L.L.C. Purchases 6,841 Shares of Black Hills Co. (NYSE:BKH)

Fox Run Management L.L.C. grew its position in shares of Black Hills Co. (NYSE:BKH) by 127.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,205 shares of the utilities provider’s stock after buying an additional 6,841 shares during the quarter. Fox Run Management L.L.C.’s holdings in Black Hills were worth $714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Black Hills by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,663,157 shares of the utilities provider’s stock worth $101,671,000 after purchasing an additional 33,853 shares during the period. Zimmer Partners LP bought a new position in Black Hills in the 3rd quarter worth $96,374,000. Charles Schwab Investment Management Inc. raised its holdings in Black Hills by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,225,653 shares of the utilities provider’s stock worth $71,725,000 after purchasing an additional 39,369 shares during the period. Franklin Resources Inc. raised its holdings in Black Hills by 109.8% in the 3rd quarter. Franklin Resources Inc. now owns 882,646 shares of the utilities provider’s stock worth $53,356,000 after purchasing an additional 461,894 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Black Hills by 19.3% in the 4th quarter. Victory Capital Management Inc. now owns 551,582 shares of the utilities provider’s stock worth $32,279,000 after purchasing an additional 89,181 shares during the period. 86.71% of the stock is owned by institutional investors.

Black Hills Trading Down 2.1 %

Shares of BKH stock opened at $59.15 on Monday. Black Hills Co. has a 52-week low of $50.73 and a 52-week high of $65.59. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.77 and a current ratio of 0.97. The firm has a market capitalization of $4.26 billion, a PE ratio of 15.09, a PEG ratio of 2.75 and a beta of 0.68. The stock has a fifty day simple moving average of $59.48 and a two-hundred day simple moving average of $60.10.

Black Hills (NYSE:BKH) last issued its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.17. Black Hills had a return on equity of 7.82% and a net margin of 12.84%. On average, analysts predict that Black Hills Co. will post 4.12 EPS for the current fiscal year.

Black Hills Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, February 18th were paid a $0.676 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date was Tuesday, February 18th. This is a positive change from Black Hills’s previous quarterly dividend of $0.65. Black Hills’s dividend payout ratio is presently 68.88%.

Analyst Ratings Changes

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

Black Hills Company 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.