Quantinno Capital Management LP Has $4.70 Million Position in Black Hills Corporation $BKH

Quantinno Capital Management LP lifted its stake in Black Hills Corporation (NYSE:BKH) by 279.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,672 shares of the utilities provider’s stock after buying an additional 49,837 shares during the period. Quantinno Capital Management LP owned about 0.09% of Black Hills worth $4,697,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in Black Hills in the 3rd quarter valued at approximately $45,000. First Horizon Corp increased its position in shares of Black Hills by 192.8% during the fourth quarter. First Horizon Corp now owns 773 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 509 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Black Hills by 47.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 850 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 274 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Black Hills in the first quarter valued at $67,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Black Hills by 44.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 317 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

Black Hills Stock Up 1.4%

BKH opened at $72.75 on Friday. The firm’s 50-day simple moving average is $73.32 and its 200-day simple moving average is $73.11. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.65. Black Hills Corporation has a twelve month low of $58.06 and a twelve month high of $78.69. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.84 and a beta of 0.71.

Black Hills (NYSE:BKH) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Black Hills had a net margin of 13.01% and a return on equity of 8.03%. The business had revenue of $452.80 million during the quarter, compared to analysts’ expectations of $490.89 million. During the same quarter last year, the company posted $0.38 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts anticipate that Black Hills Corporation will post 4.34 EPS for the current fiscal year.

Black Hills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.703 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.81 annualized dividend and a dividend yield of 3.9%. Black Hills’s dividend payout ratio (DPR) is presently 73.18%.

Insider Buying and Selling at Black Hills

In other news, Director Robert P. Otto sold 4,109 shares of Black Hills stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total value of $304,969.98. Following the completion of the transaction, the director owned 10,886 shares in the company, valued at approximately $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

BKH has been the topic of a number of recent research reports. Bank of America lifted their price target on shares of Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Weiss Ratings upgraded shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Oppenheimer set a $78.00 target price on shares of Black Hills in a research note on Thursday, June 11th. Wall Street Zen lowered shares of Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, BMO Capital Markets cut their price target on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, Black Hills has an average rating of “Buy” and a consensus target price of $81.67.

Black Hills Company 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.