Black Hills Corporation is a customer-focused, growth-oriented utility company. It serves 1.35 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its segments include Electric Utilities and Gas Utilities. Its Electric Utilities segment generates, transmits and distributes electricity to approximately 225,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming. Its Electric Utilities own 1,394 megawatts of generation and 9,196 miles of electric transmission and distribution lines. Its Gas Utilities segment serves over 1,128,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. Its Gas Utilities own and operate 4,648 miles of intrastate gas transmission pipelines and 44,524 miles of gas distribution mains and service lines, seven natural gas storage sites, over 50,000 horsepower of compression, and 516 miles of gathering lines.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 66.75%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 66.75%.
Overvalued
The company’s latest PE is 19.34, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 73.69M shares, increasing 5.39% quarter-over-quarter.
Held by Steven Cohen
Star Investor Steven Cohen holds 1.79M shares of this stock.