Natixis Advisors LLC Has $1.22 Million Holdings in Black Hills Co. (NYSE:BKH)

Natixis Advisors LLC raised its position in shares of Black Hills Co. (NYSE:BKH) by 14.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,034 shares of the utilities provider’s stock after acquiring an additional 2,475 shares during the period. Natixis Advisors LLC’s holdings in Black Hills were worth $1,224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in Black Hills by 31.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,147,939 shares of the utilities provider’s stock worth $62,425,000 after buying an additional 275,994 shares during the period. Victory Capital Management Inc. grew its stake in shares of Black Hills by 54.5% in the second quarter. Victory Capital Management Inc. now owns 481,415 shares of the utilities provider’s stock valued at $26,179,000 after acquiring an additional 169,827 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Black Hills by 54.9% during the second quarter. Assenagon Asset Management S.A. now owns 329,478 shares of the utilities provider’s stock worth $17,917,000 after acquiring an additional 116,730 shares during the period. Mackenzie Financial Corp raised its stake in Black Hills by 324.7% in the 2nd quarter. Mackenzie Financial Corp now owns 127,243 shares of the utilities provider’s stock worth $6,919,000 after purchasing an additional 97,285 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Black Hills by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 978,497 shares of the utilities provider’s stock valued at $53,210,000 after purchasing an additional 78,958 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

Black Hills Stock Down 1.7 %

BKH stock opened at $63.59 on Wednesday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 4.65 and a beta of 0.69. 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 firm has a 50-day moving average price of $60.89 and a 200-day moving average price of $58.08. Black Hills Co. has a 12 month low of $49.33 and a 12 month high of $65.59.

Black Hills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 18th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Monday, November 18th. Black Hills’s payout ratio is 69.89%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BKH. Scotiabank boosted their price target on Black Hills from $54.00 to $63.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company lifted their price objective on Black Hills from $61.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.25.

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.