Trade Report: Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Sold shares of Black Hills Corp. (BKH)

Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Sold shares of Black Hills Corp. (BKH)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lowered its position in shares of Black Hills Corp. (NYSE:BKH) by 21.0% during the third quarter, Holdings Channel reports. The fund owned 49,165 shares of the company’s stock after selling 13,085 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.09% of Black Hills Corp. worth $3,010,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Keeley Asset Management Corp increased its position in shares of Black Hills Corp. by 2,969.1% in the second quarter. Keeley Asset Management Corp now owns 602,160 shares of the company’s stock worth $37,960,000 after buying an additional 582,540 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Black Hills Corp. by 5.9% in the second quarter. BlackRock Fund Advisors now owns 5,035,979 shares of the company’s stock worth $317,468,000 after buying an additional 278,362 shares during the last quarter. Strs Ohio increased its position in shares of Black Hills Corp. by 3,037.6% in the third quarter. Strs Ohio now owns 266,700 shares of the company’s stock worth $16,327,000 after buying an additional 258,200 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Black Hills Corp. by 5.5% in the second quarter. Vanguard Group Inc. now owns 4,048,978 shares of the company’s stock worth $255,248,000 after buying an additional 210,671 shares during the last quarter. Finally, FMR LLC increased its position in shares of Black Hills Corp. by 26.3% in the second quarter. FMR LLC now owns 1,000,867 shares of the company’s stock worth $63,095,000 after buying an additional 208,541 shares during the last quarter. 88.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of Black Hills Corp. (NYSE:BKH) opened at 59.59 on Friday. The stock’s 50 day moving average is $59.23 and its 200-day moving average is $60.46. Black Hills Corp. has a one year low of $40.70 and a one year high of $64.58. The company has a market cap of $3.17 billion, a PE ratio of 75.43 and a beta of 0.73.

Black Hills Corp. (NYSE:BKH) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The company earned $333.80 million during the quarter, compared to the consensus estimate of $414.77 million. Black Hills Corp. had a return on equity of 9.10% and a net margin of 2.85%. Black Hills Corp.’s revenue was up 22.7% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share. Equities research analysts expect that Black Hills Corp. will post $3.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 17th will be given a $0.42 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.82%. Black Hills Corp.’s dividend payout ratio is presently 227.03%.

BKH has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Black Hills Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. TheStreet downgraded shares of Black Hills Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Black Hills Corp. from $62.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, August 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Black Hills Corp. presently has a consensus rating of “Buy” and an average price target of $61.33.

About Black Hills Corp.

Black Hills Corporation is a holding company. The Company is an integrated energy company, which operates in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group consists of regulated Electric Utilities and regulated Gas Utilities segments, and the Company’s Non-regulated Energy Group consists of Power Generation, Coal Mining, and Oil and Gas segments.

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