HighTower Advisors LLC Purchases 91,120 Shares of Black Hills Corporation $BKH

Posted by on May 24th, 2026

HighTower Advisors LLC raised its position in Black Hills Corporation (NYSE:BKH – Free Report) by 48.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 278,659 shares of the utilities provider’s stock after buying an additional 91,120 shares during the quarter. HighTower Advisors LLC’s holdings in Black Hills were worth $19,345,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BKH. Zimmer Partners LP increased its holdings in Black Hills by 2,100.0% in the 3rd quarter. Zimmer Partners LP now owns 1,100,020 shares of the utilities provider’s stock valued at $67,750,000 after buying an additional 1,050,020 shares during the period. Balyasny Asset Management L.P. increased its holdings in Black Hills by 10,853.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 664,080 shares of the utilities provider’s stock valued at $40,901,000 after buying an additional 658,017 shares during the period. AQR Capital Management LLC increased its holdings in Black Hills by 52.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,374,050 shares of the utilities provider’s stock valued at $84,628,000 after buying an additional 474,947 shares during the period. Two Sigma Investments LP increased its holdings in Black Hills by 220.7% in the 3rd quarter. Two Sigma Investments LP now owns 525,653 shares of the utilities provider’s stock valued at $32,375,000 after buying an additional 361,751 shares during the period. Finally, Crawford Investment Counsel Inc. increased its holdings in Black Hills by 264.8% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 447,651 shares of the utilities provider’s stock valued at $27,571,000 after buying an additional 324,931 shares during the period. 86.71% of the stock is owned by institutional investors.

Black Hills Stock Up 0.2%

NYSE:BKH opened at $74.31 on Friday. The firm’s 50 day simple moving average is $72.80 and its 200 day simple moving average is $71.92. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.53. Black Hills Corporation has a one year low of $55.49 and a one year high of $78.69. The company has a market cap of $5.66 billion, a PE ratio of 19.35, a P/E/G ratio of 2.94 and a beta of 0.74.

Black Hills (NYSE:BKH – Get Free Report) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.79 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.09). Black Hills had a return on equity of 7.77% and a net margin of 12.61%.The business had revenue of $780.70 million for the quarter, compared to analyst estimates of $769.19 million. During the same quarter in the prior year, the business earned $1.87 earnings per share. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts anticipate that Black Hills Corporation will post 4.34 earnings per share for the current year.

Black Hills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a dividend of $0.703 per share. The ex-dividend date is Friday, May 15th. This represents a $2.81 annualized dividend and a yield of 3.8%. Black Hills’s dividend payout ratio (DPR) is currently 73.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BKH shares. Wall Street Zen lowered shares of Black Hills from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. BMO Capital Markets raised their target price on shares of Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Weiss Ratings raised shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. LADENBURG THALM/SH SH initiated coverage on shares of Black Hills in a report on Wednesday, April 1st. They issued a “buy” rating and a $77.00 target price on the stock. Finally, Siebert Williams Shank raised shares of Black Hills from a “hold” rating to a “buy” rating and lifted their price target for the company from $79.00 to $82.00 in a report on Thursday, March 12th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.40.

View Our Latest Stock Analysis on Black Hills

Black Hills Profile

(Free Report)

Black Hills Corporation is a diversified energy company based in Rapid City, South Dakota, that provides electricity and natural gas distribution services to residential, commercial and industrial customers. Through its regulated utility subsidiaries—Black Hills Power, Cheyenne Light & Power, and Black Hills Energy—the company delivers reliable energy across Colorado, Kansas, Montana, Nebraska, South Dakota and Wyoming.

In addition to its distribution operations, Black Hills owns and operates a generation portfolio that includes natural gas–fired plants, coal-fired units, hydroelectric facilities and wind projects.

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Institutional Ownership by Quarter for Black Hills (NYSE:BKH)

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