BKH Black Hills Corporation

Paradiem LLC significantly increased its stake in Black Hills Corporation (NYSE:BKH) by 858.5% in the third quarter, making it their 8th largest holding. Concurrently, Black Hills' CFO, Kimberly F. Nooney, sold a substantial portion of her shares, while analysts maintain a "Moderate Buy" rating with a recent upgrade from Scotiabank. The company also announced a quarterly dividend of $0.676 per share, contributing to a 3.9% yield.

Hunter Perkins Capital Management LLC reduced its stake in Black Hills Corporation (NYSE: BKH) by 21.2% in Q3, selling 41,001 shares and now holding 152,539 shares valued at approximately $9.4 million. Additionally, Black Hills' CFO Kimberly F. Nooney sold 14,500 shares, decreasing her position by nearly 30%. The company reported Q3 EPS of $0.45, in line with estimates, and a quarterly dividend of $0.676.

Black Hills Corporation's potential merger with NorthWestern Energy is attracting income investors due to its 4%+ dividend and discounted valuation. While the deal promises scale, synergies, and predictable cash flows, significant regulatory approvals and elevated debt levels pose key risks. Investors are advised to monitor credit metrics and regulatory developments closely.

Black Hills Energy has submitted an economic development rate tariff proposal to the Colorado Public Utilities Commission, aiming to attract large industrial businesses to Pueblo and other service areas. If approved, the proposal offers a 30% discount on electricity rates, potentially creating over 750 jobs and $89 million in revenue over ten years. This initiative is designed to bolster the local economy, especially as the Comanche power plants face decommissioning.

Squarepoint Ops LLC significantly reduced its stake in Black Hills Corporation (NYSE:BKH) by 44.7% in Q2, selling 26,901 shares and retaining 33,238 shares valued at approximately $1.865 million. Despite this reduction, other institutional investors like State Street, Geode Capital Management, Franklin Resources, AQR Capital Management, and Bank of New York Mellon Corp increased their holdings, leading to institutional investors owning 86.71% of the company's stock. Analysts have a "Moderate Buy" consensus rating for Black Hills, with a target price of $71.00 and a current annual dividend yield of 3.9%.

Thrivent Financial for Lutherans reduced its stake in Black Hills Corporation (NYSE:BKH) by 23.5% in the second quarter, now holding 138,692 shares valued at $7.78 million. This comes after CFO Kimberly F. Nooney also sold a significant portion of her shares. Despite the institutional selling, analyst sentiment is positive, with Scotiabank upgrading BKH to "sector outperform" and setting an $81 price target, while the consensus remains a "Moderate Buy" with an average target of $71.