337,335 Shares in Black Hills Corporation $BKH Purchased by Connor Clark & Lunn Investment Management Ltd.

Posted by Brian Himes on Aug 25th, 2026

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Black Hills Corporation (NYSE:BKH – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 337,335 shares of the utilities provider’s stock, valued at approximately $25,098,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.44% of Black Hills at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BKH. Clearstead Trust LLC purchased a new stake in shares of Black Hills in the 2nd quarter worth approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Black Hills in the second quarter worth approximately $34,000. Advisory Services Network LLC bought a new position in Black Hills in the third quarter worth approximately $45,000. Global Retirement Partners LLC bought a new position in Black Hills in the second quarter worth approximately $56,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Black Hills by 44.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,037 shares of the utilities provider’s stock worth $58,000 after buying an additional 317 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Insider Activity at Black Hills

In related news, Director Robert P. Otto sold 4,109 shares of Black Hills stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total value of $304,969.98. Following the completion of the sale, the director directly owned 10,886 shares in the company, valued at $807,958.92. This trade represents a 27.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is owned by insiders.

Black Hills Stock Up 0.5%

Black Hills stock opened at $72.04 on Tuesday. Black Hills Corporation has a 1-year low of $58.06 and a 1-year high of $78.69. The business has a fifty day moving average price of $73.66 and a 200-day moving average price of $73.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.52 and a quick ratio of 0.41. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 2.84 and a beta of 0.71.

Black Hills (NYSE:BKH – Get Free Report) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.13. The company had revenue of $452.80 million for the quarter, compared to analyst estimates of $490.89 million. Black Hills had a return on equity of 7.98% and a net margin of 13.01%.The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts forecast that Black Hills Corporation will post 4.34 EPS for the current fiscal year.

Black Hills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.703 dividend. This represents a $2.81 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, August 17th. Black Hills’s dividend payout ratio (DPR) is presently 70.96%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. BMO Capital Markets cut their price target on Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Bank of America upped their price objective on Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Oppenheimer set a $78.00 price objective on Black Hills in a research report on Thursday, June 11th. Wall Street Zen upgraded Black Hills from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $81.67.

Read Our Latest Stock Report on BKH

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.