Black Hills Ownership
BKH Stock | USD 51.20 0.80 1.54% |
Shares in Circulation | First Issued 1985-09-30 | Previous Quarter 67.4 M | Current Value 68 M | Avarage Shares Outstanding 35.5 M | Quarterly Volatility 15.3 M |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
Black |
Black Stock Ownership Analysis
About 88.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.11. Some equities with similar Price to Book (P/B) outperform the market in the long run. Black Hills has Price/Earnings To Growth (PEG) ratio of 2.61. The entity last dividend was issued on the 15th of February 2024. The firm had 3:2 split on the 11th of March 1998. Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company was incorporated in 1941 and is headquartered in Rapid City, South Dakota. Black Hills operates under UtilitiesDiversified classification in the United States and is traded on New York Stock Exchange. It employs 2884 people. For more info on Black Hills please contact Linden Evans at 605 721 1700 or go to https://www.blackhillscorp.com.Besides selling stocks to institutional investors, Black Hills also allocates a substantial amount of its earnings to a pull of share-based compensation to be paid out to its employees, managers, executives, and members of the board of directors. Share-Based compensation (also sometimes called Stock-Based Compensation) is a way of paying different Black Hills' stakeholders with equity in the business. It is typically used as a motivation factor for employees to contribute beyond their regular compensation (salary and bonus). It is also used as a tool to align Black Hills' strategic interests with those of the company's shareholders. Shares issued to employees are usually subject to a vesting period before they are earned and sold.
Black Hills Quarterly Liabilities And Stockholders Equity |
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Black Hills Insider Trades History
Less than 1% of Black Hills are currently held by insiders. Unlike Black Hills' institutional investors, corporate insiders most likely have a limit on the maximum percentage of share ownership. This is done to align insiders' influence against Black Hills' private investors even though both sides will benefit from rising prices or experience loss when the share price declines. The good rule to have in mind is that the maximum share ownership percentage of the corporate insiders should not surpass 25%. View all of Black Hills' insider trades
Black Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Black Hills is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Black Hills backward and forwards among themselves. Black Hills' institutional investor refers to the entity that pools money to purchase Black Hills' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Bank Of New York Mellon Corp | 2023-12-31 | 942.8 K | Northern Trust Corp | 2023-12-31 | 926.2 K | Aqr Capital Management Llc | 2023-12-31 | 921.3 K | Massachusetts Financial Services Company | 2023-12-31 | 904.2 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 887.6 K | Dimensional Fund Advisors, Inc. | 2023-12-31 | 872.8 K | Amvescap Plc. | 2023-12-31 | 825.8 K | Charles Schwab Investment Management Inc | 2023-12-31 | 780.5 K | Millennium Management Llc | 2023-12-31 | 776.4 K | Blackrock Inc | 2023-12-31 | 10.1 M | Vanguard Group Inc | 2023-12-31 | 8.1 M |
Black Hills Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Black Hills insiders, such as employees or executives, is commonly permitted as long as it does not rely on Black Hills' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Black Hills insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Linden Evans over a month ago Disposition of 4901 shares by Linden Evans of Black Hills subject to Rule 16b-3 | ||
Thomas Zeller over six months ago Acquisition by Thomas Zeller of 333 shares of Black Hills subject to Rule 16b-3 |
Black Hills Outstanding Bonds
Black Hills issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Black Hills uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Black bonds can be classified according to their maturity, which is the date when Black Hills has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
US092113AN95 Corp BondUS092113AN95 | View | |
BLACK HILLS P Corp BondUS092113AQ27 | View | |
US092113AS82 Corp BondUS092113AS82 | View | |
US092113AR00 Corp BondUS092113AR00 | View | |
US092113AT65 Corp BondUS092113AT65 | View | |
BKH 1037 23 AUG 24 Corp BondUS092113AU39 | View | |
BLACK HILLS P Corp BondUS092113AM13 | View | |
BLACK HILLS P Corp BondUS092113AL30 | View |
Black Hills Corporate Filings
15th of March 2024 Other Reports | ViewVerify | |
F4 | 6th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10K | 14th of February 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
F5 | 13th of February 2024 The annual filing required by the Securities and Exchange Commission (SEC) from company insiders or beneficial owners | ViewVerify |
Pair Trading with Black Hills
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Black Hills position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Black Hills will appreciate offsetting losses from the drop in the long position's value.Moving together with Black Stock
0.87 | NI | NiSource Financial Report 1st of May 2024 | PairCorr |
0.78 | SR | Spire Inc Financial Report 1st of May 2024 | PairCorr |
0.85 | ATO | Atmos Energy Financial Report 1st of May 2024 | PairCorr |
0.69 | CPK | Chesapeake Utilities Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Black Hills could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Hills when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Black Hills - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Black Hills to buy it.
The correlation of Black Hills is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Black Hills moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Hills moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Black Hills can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Black Hills. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more detail on how to invest in Black Stock please use our How to Invest in Black Hills guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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When running Black Hills' price analysis, check to measure Black Hills' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Black Hills is operating at the current time. Most of Black Hills' value examination focuses on studying past and present price action to predict the probability of Black Hills' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Hills' price. Additionally, you may evaluate how the addition of Black Hills to your portfolios can decrease your overall portfolio volatility.
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Is Black Hills' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Black Hills. If investors know Black will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Black Hills listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.057 | Dividend Share 2.5 | Earnings Share 3.91 | Revenue Per Share 34.796 | Quarterly Revenue Growth (0.25) |
The market value of Black Hills is measured differently than its book value, which is the value of Black that is recorded on the company's balance sheet. Investors also form their own opinion of Black Hills' value that differs from its market value or its book value, called intrinsic value, which is Black Hills' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Black Hills' market value can be influenced by many factors that don't directly affect Black Hills' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Black Hills' value and its price as these two are different measures arrived at by different means. Investors typically determine if Black Hills is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Hills' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.