Black Hills Co. (BKH) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC decreased its position in shares of Black Hills Co. (NYSE:BKH) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,401 shares of the utilities provider’s stock after selling 8,239 shares during the period. TIAA CREF Investment Management LLC owned 0.25% of Black Hills worth $7,899,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Covenant Multifamily Offices LLC acquired a new position in Black Hills in the fourth quarter worth approximately $102,000. Ffcm LLC grew its position in Black Hills by 1,201.5% in the fourth quarter. Ffcm LLC now owns 1,770 shares of the utilities provider’s stock worth $106,000 after buying an additional 1,634 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Black Hills by 48.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,890 shares of the utilities provider’s stock worth $174,000 after purchasing an additional 940 shares in the last quarter. Ramsey Quantitative Systems purchased a new position in Black Hills during the 4th quarter worth approximately $223,000. Finally, Jane Street Group LLC purchased a new position in Black Hills during the 3rd quarter worth approximately $282,000. 98.15% of the stock is currently owned by hedge funds and other institutional investors.

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Several research firms have weighed in on BKH. JPMorgan Chase lifted their price objective on shares of Black Hills from $52.00 to $53.00 and gave the stock a “hold” rating in a research report on Tuesday, April 10th. Zacks Investment Research raised shares of Black Hills from a “sell” rating to a “hold” rating in a research note on Tuesday, March 27th. Williams Capital raised shares of Black Hills from a “hold” rating to a “buy” rating and decreased their target price for the company from $70.00 to $62.00 in a research note on Wednesday, January 10th. Finally, Credit Suisse Group lowered shares of Black Hills from an “outperform” rating to a “neutral” rating and set a $66.00 price objective for the company. in a research note on Tuesday, January 9th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Black Hills has a consensus rating of “Hold” and a consensus price target of $64.13.

Black Hills stock opened at $54.33 on Thursday. Black Hills Co. has a fifty-two week low of $50.49 and a fifty-two week high of $72.02. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.88 and a quick ratio of 0.70. The firm has a market cap of $2,913.37, a price-to-earnings ratio of 16.49, a PEG ratio of 3.45 and a beta of 0.52.

Black Hills (NYSE:BKH) last posted its quarterly earnings data on Thursday, February 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.09). Black Hills had a return on equity of 10.10% and a net margin of 10.83%. The company had revenue of $455.30 million for the quarter, compared to the consensus estimate of $504.05 million. equities analysts forecast that Black Hills Co. will post 3.41 earnings per share for the current fiscal year.

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Black Hills Profile

Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility company in the United States. The company's Electric Utilities segment generates, transmits, and distributes electricity to approximately 210,000 electric customers in South Dakota, Wyoming, Colorado, and Montana.

Institutional Ownership by Quarter for Black Hills (NYSE:BKH)

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