Hunter Perkins Capital Management LLC Sells 12,030 Shares of Black Hills Corporation $BKH

Hunter Perkins Capital Management LLC trimmed its holdings in shares of Black Hills Corporation (NYSE:BKH) by 7.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,509 shares of the utilities provider’s stock after selling 12,030 shares during the period. Black Hills accounts for about 2.3% of Hunter Perkins Capital Management LLC’s holdings, making the stock its 9th largest holding. Hunter Perkins Capital Management LLC owned about 0.19% of Black Hills worth $9,754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BKH. Zimmer Partners LP raised its position in shares of Black Hills by 2,100.0% during the 3rd quarter. Zimmer Partners LP now owns 1,100,020 shares of the utilities provider’s stock worth $67,750,000 after acquiring an additional 1,050,020 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in Black Hills by 10,853.0% in the third quarter. Balyasny Asset Management L.P. now owns 664,080 shares of the utilities provider’s stock valued at $40,901,000 after purchasing an additional 658,017 shares in the last quarter. AQR Capital Management LLC increased its stake in Black Hills by 52.8% in the third quarter. AQR Capital Management LLC now owns 1,374,050 shares of the utilities provider’s stock valued at $84,628,000 after purchasing an additional 474,947 shares during the last quarter. Two Sigma Investments LP increased its stake in Black Hills by 220.7% in the third quarter. Two Sigma Investments LP now owns 525,653 shares of the utilities provider’s stock valued at $32,375,000 after purchasing an additional 361,751 shares during the last quarter. Finally, Crawford Investment Counsel Inc. raised its holdings in Black Hills by 264.8% during the third quarter. Crawford Investment Counsel Inc. now owns 447,651 shares of the utilities provider’s stock worth $27,571,000 after purchasing an additional 324,931 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BKH. BMO Capital Markets boosted their price objective on shares of Black Hills from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Black Hills in a research note on Monday, December 29th. Siebert Williams Shank raised shares of Black Hills from a “hold” rating to a “buy” rating and boosted their price target for the company from $79.00 to $82.00 in a research report on Thursday, March 12th. Finally, Wall Street Zen upgraded shares of Black Hills from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.75.

Black Hills Stock Up 0.2%

BKH opened at $68.64 on Friday. The business has a 50 day moving average price of $72.35 and a two-hundred day moving average price of $68.66. The company has a quick ratio of 1.11, a current ratio of 1.35 and a debt-to-equity ratio of 1.20. The company has a market cap of $5.22 billion, a PE ratio of 17.25, a P/E/G ratio of 2.71 and a beta of 0.75. Black Hills Corporation has a 52 week low of $54.92 and a 52 week high of $75.87.

Black Hills (NYSE:BKH) last announced its earnings results on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Black Hills had a return on equity of 7.91% and a net margin of 12.62%.The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts anticipate that Black Hills Corporation will post 4.12 EPS for the current year.

Black Hills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Tuesday, February 17th were given a $0.703 dividend. This is a positive change from Black Hills’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, February 17th. This represents a $2.81 dividend on an annualized basis and a yield of 4.1%. Black Hills’s payout ratio is 70.60%.

Black Hills Profile

Black Hills Corporation is a diversified energy company based in Rapid City, South Dakota, that provides electricity and natural gas distribution services to residential, commercial and industrial customers. Through its regulated utility subsidiaries—Black Hills Power, Cheyenne Light & Power, and Black Hills Energy—the company delivers reliable energy across Colorado, Kansas, Montana, Nebraska, South Dakota and Wyoming.

In addition to its distribution operations, Black Hills owns and operates a generation portfolio that includes natural gas–fired plants, coal-fired units, hydroelectric facilities and wind projects.