Clear Creek Financial Management LLC Has $287,000 Holdings in Black Hills Corporation (NYSE:BKH)

Clear Creek Financial Management LLC grew its stake in Black Hills Corporation (NYSE:BKH) by 37.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,730 shares of the utilities provider’s stock after buying an additional 1,300 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Black Hills were worth $287,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Black Hills by 66.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 432 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 173 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Black Hills by 182.8% in the fourth quarter. Larson Financial Group LLC now owns 461 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 298 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Black Hills by 59.2% in the first quarter. GAMMA Investing LLC now owns 605 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 225 shares in the last quarter. Quarry LP lifted its position in shares of Black Hills by 1,159.7% in the fourth quarter. Quarry LP now owns 781 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 719 shares in the last quarter. Finally, Byrne Asset Management LLC raised its position in Black Hills by 238.0% during the first quarter. Byrne Asset Management LLC now owns 845 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 595 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets assumed coverage on shares of Black Hills in a research report on Tuesday, May 13th. They set an “outperform” rating and a $68.00 price target on the stock.

Black Hills Stock Performance

NYSE BKH opened at $56.91 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 1.06. The firm’s fifty day moving average price is $58.07 and its two-hundred day moving average price is $58.77. Black Hills Corporation has a 1 year low of $53.22 and a 1 year high of $65.59. The firm has a market capitalization of $4.13 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 2.62 and a beta of 0.70.

Black Hills (NYSE:BKH) last posted its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.05). The firm had revenue of $805.20 million for the quarter, compared to the consensus estimate of $729.73 million. Black Hills had a return on equity of 7.83% and a net margin of 12.67%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $1.87 earnings per share. As a group, research analysts anticipate that Black Hills Corporation will post 4.12 EPS for the current year.

Black Hills Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Friday, May 16th were given a $0.676 dividend. This represents a $2.70 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend was Friday, May 16th. Black Hills’s payout ratio is presently 68.88%.

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.