Versant Capital Management Inc Raises Holdings in Black Hills Co. (NYSE:BKH)

Versant Capital Management Inc boosted its position in shares of Black Hills Co. (NYSE:BKH) by 181.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 473 shares of the utilities provider’s stock after buying an additional 305 shares during the period. Versant Capital Management Inc’s holdings in Black Hills were worth $28,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of Black Hills by 84.9% during the 3rd quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 265 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Black Hills in the third quarter worth $45,000. Quarry LP raised its stake in Black Hills by 158.0% during the second quarter. Quarry LP now owns 841 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 515 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Black Hills by 972.3% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 890 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 807 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of Black Hills in the 3rd quarter worth $82,000. 86.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Scotiabank increased their price target on shares of Black Hills from $63.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Black Hills currently has an average rating of “Hold” and an average target price of $61.25.

Black Hills Trading Down 0.5 %

BKH stock opened at $56.14 on Wednesday. Black Hills Co. has a twelve month low of $49.33 and a twelve month high of $65.59. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 4.41 and a beta of 0.72. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 1.20. The firm’s fifty day simple moving average is $60.68 and its two-hundred day simple moving average is $59.27.

Black Hills Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 18th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date was Monday, November 18th. Black Hills’s dividend payout ratio (DPR) is currently 69.89%.

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.