Insight Folios Inc Raises Stake in Black Hills Co. (NYSE:BKH)

Insight Folios Inc increased its stake in Black Hills Co. (NYSE:BKH) by 6.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,983 shares of the utilities provider’s stock after purchasing an additional 6,937 shares during the quarter. Black Hills accounts for 2.5% of Insight Folios Inc’s investment portfolio, making the stock its 22nd largest position. Insight Folios Inc owned approximately 0.16% of Black Hills worth $6,906,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in shares of Black Hills by 7.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,892 shares of the utilities provider’s stock worth $482,000 after acquiring an additional 545 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Black Hills by 20.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,569 shares of the utilities provider’s stock worth $340,000 after purchasing an additional 944 shares in the last quarter. Pathway Financial Advisers LLC grew its holdings in Black Hills by 6,074.0% in the third quarter. Pathway Financial Advisers LLC now owns 35,809 shares of the utilities provider’s stock valued at $2,189,000 after purchasing an additional 35,229 shares during the last quarter. Allworth Financial LP increased its position in shares of Black Hills by 149.7% in the third quarter. Allworth Financial LP now owns 1,980 shares of the utilities provider’s stock valued at $121,000 after buying an additional 1,187 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new position in shares of Black Hills during the 3rd quarter worth $236,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

BKH has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of Black Hills from $61.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Scotiabank increased their price target on shares of Black Hills from $54.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $58.00.

Black Hills Stock Performance

Black Hills stock opened at $59.87 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.06 and a quick ratio of 0.94. Black Hills Co. has a 12 month low of $47.49 and a 12 month high of $62.20. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 4.19 and a beta of 0.69. The stock’s 50-day moving average is $59.95 and its 200-day moving average is $57.05.

Black Hills (NYSE:BKH) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Black Hills had a net margin of 12.96% and a return on equity of 8.21%. The firm had revenue of $402.60 million for the quarter, compared to analysts’ expectations of $498.00 million. During the same period in the previous year, the company posted $0.35 earnings per share. Black Hills’s revenue was down 2.1% compared to the same quarter last year. Equities analysts anticipate that Black Hills Co. will post 3.9 earnings per share for the current year.

Black Hills Company 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.