7,402 Shares in Black Hills Corporation $BKH Purchased by Versor Investments LP

Versor Investments LP acquired a new position in Black Hills Corporation (NYSE:BKH) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,402 shares of the utilities provider’s stock, valued at approximately $449,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BKH. Principal Financial Group Inc. increased its position in shares of Black Hills by 1.9% during the first quarter. Principal Financial Group Inc. now owns 215,402 shares of the utilities provider’s stock worth $13,064,000 after acquiring an additional 4,077 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Black Hills by 15.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,918 shares of the utilities provider’s stock worth $480,000 after acquiring an additional 1,087 shares during the period. Farther Finance Advisors LLC increased its position in shares of Black Hills by 215.5% during the first quarter. Farther Finance Advisors LLC now owns 1,647 shares of the utilities provider’s stock worth $100,000 after acquiring an additional 1,125 shares during the period. GAMMA Investing LLC increased its position in shares of Black Hills by 59.2% during the first quarter. GAMMA Investing LLC now owns 605 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 225 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Black Hills during the fourth quarter worth approximately $96,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BKH. BMO Capital Markets began coverage on shares of Black Hills in a research report on Tuesday, May 13th. They set an “outperform” rating and a $68.00 target price on the stock. Bank of America raised shares of Black Hills from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $57.00 to $64.00 in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.00.

Black Hills Price Performance

NYSE BKH opened at $60.0650 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.49 and a current ratio of 0.64. The firm’s 50 day moving average price is $57.69 and its 200-day moving average price is $58.83. Black Hills Corporation has a 52-week low of $54.92 and a 52-week high of $65.59. The company has a market cap of $4.38 billion, a PE ratio of 15.13, a P/E/G ratio of 2.82 and a beta of 0.71.

Black Hills (NYSE:BKH) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. Black Hills had a return on equity of 7.81% and a net margin of 12.68%.The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $412.69 million. During the same quarter last year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Black Hills has set its FY 2025 guidance at 4.000-4.200 EPS. Sell-side analysts forecast that Black Hills Corporation will post 4.12 EPS for the current fiscal year.

Black Hills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a dividend of $0.676 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.70 dividend on an annualized basis and a yield of 4.5%. Black Hills’s dividend payout ratio (DPR) is presently 68.01%.

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.