California State Teachers Retirement System Purchases 20,404 Shares of Black Hills Corporation $BKH

Posted by George Bondi on Aug 6th, 2026

California State Teachers Retirement System boosted its position in Black Hills Corporation (NYSE:BKH – Free Report) by 29.5% in the first quarter, HoldingsChannel reports. The firm owned 89,470 shares of the utilities provider’s stock after buying an additional 20,404 shares during the quarter. California State Teachers Retirement System’s holdings in Black Hills were worth $6,210,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BKH. Zimmer Partners LP lifted its stake in shares of Black Hills by 2,100.0% during 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 in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Black Hills by 176.9% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,592,000 shares of the utilities provider’s stock worth $110,517,000 after buying an additional 1,017,000 shares during the last quarter. Engineers Gate Manager LP raised its position in shares of Black Hills by 17,790.3% during the 4th quarter. Engineers Gate Manager LP now owns 849,073 shares of the utilities provider’s stock valued at $58,943,000 after buying an additional 844,327 shares in the last quarter. Balyasny Asset Management L.P. raised its position in shares of Black Hills by 10,853.0% during 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 in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Black Hills by 38.7% during the 4th quarter. Capital Research Global Investors now owns 2,275,922 shares of the utilities provider’s stock worth $157,995,000 after acquiring an additional 634,800 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Insider Buying and Selling

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total transaction of $304,969.98. Following the transaction, the director owned 10,886 shares in the company, valued at $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.56% of the stock is owned by insiders.

Black Hills Price Performance

NYSE:BKH opened at $71.55 on Thursday. The business’s 50-day simple moving average is $73.33 and its two-hundred day simple moving average is $73.11. Black Hills Corporation has a 52 week low of $58.06 and a 52 week high of $78.69. The stock has a market cap of $5.45 billion, a PE ratio of 18.63, a P/E/G ratio of 2.86 and a beta of 0.71. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.99.

Black Hills (NYSE:BKH – Get Free Report) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Black Hills had a return on equity of 7.77% and a net margin of 12.61%.The firm had revenue of $452.80 million during the quarter, compared to the consensus estimate of $490.89 million. During the same period in the prior year, the company earned $0.38 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts forecast that Black Hills Corporation will post 4.34 EPS for the current fiscal year.

Black Hills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.703 per share. This represents a $2.81 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, August 17th. Black Hills’s payout ratio is presently 73.18%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Wall Street Zen downgraded shares of Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. BMO Capital Markets reduced their target price on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Oppenheimer set a $78.00 price objective on Black Hills in a research note on Thursday, June 11th. Finally, Bank of America increased their target price on Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $81.67.

View Our Latest Report on Black Hills

Black Hills Company 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.