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Farmers & Merchants Investments Position in Black Hills (BKH) Raised by $1.97 Million as Share Price Declined; As Accenture LTD (ACN) Stock Value Declined, Lee Danner & Bass Has Lowered Its Position

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Farmers & Merchants Investments Inc increased its stake in Black Hills Corp (BKH) by 51.43% based on its latest 2017Q4 regulatory filing with the SEC. Farmers & Merchants Investments Inc bought 32,751 shares as the company’s stock declined 9.27% with the market. The institutional investor held 96,435 shares of the central company at the end of 2017Q4, valued at $5.80 million, up from 63,684 at the end of the previous reported quarter. Farmers & Merchants Investments Inc who had been investing in Black Hills Corp for a number of months, seems to be bullish on the $3.03 billion market cap company. The stock increased 0.51% or $0.28 during the last trading session, reaching $56.57. About 8,994 shares traded. Black Hills Corporation (NYSE:BKH) has declined 19.28% since May 17, 2017 and is downtrending. It has underperformed by 30.83% the S&P500.

Lee Danner & Bass Inc decreased its stake in Accenture Ltd (ACN) by 1.23% based on its latest 2017Q4 regulatory filing with the SEC. Lee Danner & Bass Inc sold 2,221 shares as the company’s stock declined 3.27% with the market. The institutional investor held 177,757 shares of the business services company at the end of 2017Q4, valued at $27.21 million, down from 179,978 at the end of the previous reported quarter. Lee Danner & Bass Inc who had been investing in Accenture Ltd for a number of months, seems to be less bullish one the $99.18B market cap company. The stock increased 0.10% or $0.15 during the last trading session, reaching $154.23. About 27,742 shares traded. Accenture plc (NYSE:ACN) has risen 24.68% since May 17, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Investors sentiment increased to 1.28 in Q4 2017. Its up 0.10, from 1.18 in 2017Q3. It increased, as 31 investors sold BKH shares while 61 reduced holdings. 43 funds opened positions while 75 raised stakes. 51.54 million shares or 2.92% more from 50.08 million shares in 2017Q3 were reported. Swiss State Bank stated it has 0.01% in Black Hills Corporation (NYSE:BKH). Rocky Mountain Advisers Limited, a Colorado-based fund reported 1,000 shares. Markston Ltd Com holds 0% of its portfolio in Black Hills Corporation (NYSE:BKH) for 160 shares. 585,700 were accumulated by Renaissance Techs Llc. Raymond James & reported 0% in Black Hills Corporation (NYSE:BKH). Geode Capital Management Lc stated it has 443,484 shares. Moreover, Proshare Advsrs Llc has 0.13% invested in Black Hills Corporation (NYSE:BKH) for 299,790 shares. Panagora Asset Management accumulated 4,833 shares. Vanguard stated it has 0.01% of its portfolio in Black Hills Corporation (NYSE:BKH). Engineers Gate Manager Limited Partnership reported 65,145 shares. Kbc Grp Nv has invested 0% in Black Hills Corporation (NYSE:BKH). Covenant Multifamily Offices Limited Liability Corp has 0.07% invested in Black Hills Corporation (NYSE:BKH). Us Financial Bank De has invested 0.01% in Black Hills Corporation (NYSE:BKH). Fmr has invested 0% of its portfolio in Black Hills Corporation (NYSE:BKH). Price T Rowe Md, a Maryland-based fund reported 516,095 shares.

More recent Black Hills Corporation (NYSE:BKH) news were published by: Globenewswire.com which released: “Black Hills Corp. Reports Solid First Quarter 2018 Results” on May 03, 2018. Also Globenewswire.com published the news titled: “Analysis: Positioning to Benefit within PTC, Black Hills, Mack-Cali Realty, Milacron, Rexahn Pharmaceuticals, and …” on May 03, 2018. Seekingalpha.com‘s news article titled: “More on Black Hills Q1 results” with publication date: May 04, 2018 was also an interesting one.

Farmers & Merchants Investments Inc, which manages about $1.37B US Long portfolio, decreased its stake in General Electric Co (NYSE:GE) by 182,732 shares to 209,139 shares, valued at $3.65M in 2017Q4, according to the filing. It also reduced its holding in Vanguard Dividend Appreciation Index Fund (VIG) by 30,998 shares in the quarter, leaving it with 26,155 shares, and cut its stake in Wells Fargo (NYSE:WFC).

Among 9 analysts covering Black Hills Corp (NYSE:BKH), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Black Hills Corp had 34 analyst reports since August 7, 2015 according to SRatingsIntel. RBC Capital Markets upgraded Black Hills Corporation (NYSE:BKH) rating on Monday, January 4. RBC Capital Markets has “Outperform” rating and $55 target. The stock of Black Hills Corporation (NYSE:BKH) earned “Buy” rating by RBC Capital Markets on Monday, November 6. On Thursday, October 12 the stock rating was maintained by JP Morgan with “Overweight”. JP Morgan maintained Black Hills Corporation (NYSE:BKH) on Tuesday, April 10 with “Neutral” rating. As per Thursday, February 4, the company rating was maintained by Williams Capital Group. The firm has “Sector Perform” rating given on Friday, August 7 by RBC Capital Markets. The rating was downgraded by J.P. Morgan on Wednesday, February 7 to “Hold”. As per Monday, June 19, the company rating was maintained by Williams Capital Group. As per Monday, October 2, the company rating was maintained by Credit Suisse. Singular Research initiated Black Hills Corporation (NYSE:BKH) rating on Wednesday, December 14. Singular Research has “Buy” rating and $68 target.

Lee Danner & Bass Inc, which manages about $1.12B and $983.84M US Long portfolio, upped its stake in Oracle (NYSE:ORCL) by 16,561 shares to 78,265 shares, valued at $3.70 million in 2017Q4, according to the filing. It also increased its holding in Pinnacle Financial Partners (NASDAQ:PNFP) by 5,455 shares in the quarter, for a total of 146,686 shares, and has risen its stake in S & P 500 Index Depository Rec (SPY).

Analysts await Accenture plc (NYSE:ACN) to report earnings on June, 28. They expect $1.71 EPS, up 12.50% or $0.19 from last year’s $1.52 per share. ACN’s profit will be $1.10 billion for 22.55 P/E if the $1.71 EPS becomes a reality. After $1.58 actual EPS reported by Accenture plc for the previous quarter, Wall Street now forecasts 8.23% EPS growth.

More notable recent Accenture plc (NYSE:ACN) news were published by: Businesswire.com which released: “Accenture Is a Leader and Star Performer in Everest Group Procurement Outsourcing Market Report for 2018” on May 14, 2018, also Seekingalpha.com with their article: “Morgan Stanley selects 30 stocks for a three-year sideways market” published on May 16, 2018, Businesswire.com published: “Accenture Positioned as a Leader in IDC’s MarketScape Worldwide Cloud Professional Services 2018 Vendor …” on May 15, 2018. More interesting news about Accenture plc (NYSE:ACN) were released by: Businesswire.com and their article: “Accenture Interactive Recognized as IBM Watson Customer Engagement Global Systems Integrator Partner of the Year …” published on May 11, 2018 as well as Streetinsider.com‘s news article titled: “Accenture (ACN) Announces Acquisition of Certus Solutions” with publication date: April 30, 2018.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.07, from 1 in 2017Q3. It dived, as 46 investors sold ACN shares while 393 reduced holdings. 108 funds opened positions while 300 raised stakes. 456.89 million shares or 1.00% less from 461.53 million shares in 2017Q3 were reported. Genesee Valley Trust Company holds 25,092 shares or 1.6% of its portfolio. Wendell David Assocs holds 1.08% or 41,169 shares. Intrust Comml Bank Na has invested 0.26% of its portfolio in Accenture plc (NYSE:ACN). Epoch Inv Prtnrs invested in 0.04% or 72,332 shares. Swedbank reported 592,264 shares. Ser Automobile Association invested in 578,960 shares or 0.24% of the stock. Lodestar Invest Counsel Ltd Company Il holds 1.91% or 108,207 shares in its portfolio. Van Hulzen Asset Limited Liability Corp holds 14,712 shares or 0.69% of its portfolio. Kistler holds 0.06% in Accenture plc (NYSE:ACN) or 1,044 shares. Ardevora Asset Mngmt Limited Liability Partnership reported 199,100 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System, Pennsylvania-based fund reported 55,278 shares. Exane Derivatives holds 11,405 shares. Evermay Wealth Ltd has invested 0.08% of its portfolio in Accenture plc (NYSE:ACN). Bokf Na stated it has 53,486 shares. Moreover, Schwerin Boyle Capital Management has 4.27% invested in Accenture plc (NYSE:ACN) for 255,645 shares.

Black Hills Corporation (NYSE:BKH) Institutional Positions Chart

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