Hillcrest Asset Management Lowers stake in Black Hills Corp (BKH)

Black Hills Corp (BKH) : Hillcrest Asset Management reduced its stake in Black Hills Corp by 0.36% during the most recent quarter end. The investment management company now holds a total of 197,190 shares of Black Hills Corp which is valued at $11,705,198 after selling 720 shares in Black Hills Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Black Hills Corp makes up approximately 2.80% of Hillcrest Asset Management’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc boosted its stake in BKH in the latest quarter, The investment management firm added 923 additional shares and now holds a total of 8,750 shares of Black Hills Corp which is valued at $519,400. Marshall Wace Llp sold out all of its stake in BKH during the most recent quarter. The investment firm sold 3,577 shares of BKH which is valued $212,331.Financial Counselors Inc reduced its stake in BKH by selling 578 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 74,938 shares of BKH which is valued at $4,446,072. Black Hills Corp makes up approx 0.26% of Financial Counselors Inc’s portfolio.Systematic Financial Management Lp boosted its stake in BKH in the latest quarter, The investment management firm added 96,022 additional shares and now holds a total of 1,059,956 shares of Black Hills Corp which is valued at $63,024,984. Black Hills Corp makes up approx 0.82% of Systematic Financial Management Lp’s portfolio. Capital Fund Management S.a. added BKH to its portfolio by purchasing 5,665 company shares during the most recent quarter which is valued at $354,232. Black Hills Corp makes up approx 0.01% of Capital Fund Management S.a.’s portfolio.

Black Hills Corp closed down -0.1 points or -0.17% at $58.41 with 2,85,868 shares getting traded on Thursday. Post opening the session at $58.62, the shares hit an intraday low of $57.81 and an intraday high of $58.62 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Black Hills Corp reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.51.Analysts expectations of $ 468.21.During the same quarter in the previous year, the company posted $0.56 EPS.

Black Hills Corporation is an integrated energy company. The Company operates in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group is comprised of regulated Electric Utilities and regulated Gas Utilities segments and its Non-regulated Energy Group is comprised of Power Generation Coal Mining and Oil and Gas segments. It conducts its electric utility operations and combination electric and gas utility operations through three subsidiaries: Black Hills Power Cheyenne Light and Colorado Electric. Its Non-regulated Energy Group which operates through various subsidiaries produces and sells electric capacity and energy through a portfolio of generating plants produces and sells coal from its mine located in the Powder River Basin in Wyoming and acquires explores for develops and produces natural gas and crude oil in the Rocky Mountain region.

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