Black Hills Corp (NYSE:BKH) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.535 per share by the utilities provider on Sunday, December 1st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Friday, November 15th. This is a positive change from Black Hills’s previous quarterly dividend of $0.51.

Shares of BKH stock opened at $75.65 on Thursday. The stock has a 50 day moving average of $77.20 and a two-hundred day moving average of $77.26. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 1.25. Black Hills has a 12 month low of $59.49 and a 12 month high of $82.01. The company has a market capitalization of $4.59 billion, a P/E ratio of 21.37, a P/E/G ratio of 5.05 and a beta of 0.24.

Black Hills (NYSE:BKH) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). Black Hills had a return on equity of 8.67% and a net margin of 12.32%. The firm had revenue of $325.50 million during the quarter, compared to the consensus estimate of $385.42 million. During the same quarter in the prior year, the business posted $0.42 EPS. Black Hills’s revenue was up 1.1% compared to the same quarter last year. Sell-side analysts predict that Black Hills will post 3.47 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on BKH shares. Credit Suisse Group dropped their target price on Black Hills from $79.00 to $78.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Wells Fargo & Co dropped their target price on Black Hills from $80.00 to $78.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. ValuEngine cut Black Hills from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Black Hills from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Thursday, November 7th. Finally, Bank of America raised Black Hills from a “neutral” rating to a “buy” rating in a report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $74.00.

In related news, Chairman David R. Emery sold 7,500 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $77.31, for a total transaction of $579,825.00. Following the completion of the sale, the chairman now directly owns 152,806 shares of the company’s stock, valued at approximately $11,813,431.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shonn D. Stahlecker sold 10,000 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $7.35, for a total value of $73,500.00. Over the last three months, insiders sold 32,500 shares of company stock valued at $1,821,375. 1.00% of the stock is currently owned by insiders.

About Black Hills

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through Electric Utilities, Gas Utilities, Power Generation, and Mining segments. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 212,000 electric customers in Colorado, Montana, South Dakota, and Wyoming, as well as provides electrical system construction services to large industrial customers.

Further Reading: Cost of Debt

Dividend History for Black Hills (NYSE:BKH)

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