Geode Capital Management LLC Acquires 55,232 Shares of Black Hills Corporation $BKH

Posted by Brenda Bartman on Jun 5th, 2026

Geode Capital Management LLC grew its holdings in shares of Black Hills Corporation (NYSE:BKH – Free Report) by 3.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,894,539 shares of the utilities provider’s stock after buying an additional 55,232 shares during the period. Geode Capital Management LLC’s holdings in Black Hills were worth $131,548,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Black Hills by 2.6% during the third quarter. Vanguard Group Inc. now owns 8,990,841 shares of the utilities provider’s stock valued at $553,746,000 after buying an additional 225,636 shares during the last quarter. State Street Corp grew its stake in shares of Black Hills by 0.8% during the second quarter. State Street Corp now owns 3,841,615 shares of the utilities provider’s stock valued at $215,515,000 after buying an additional 31,093 shares during the last quarter. AQR Capital Management LLC grew its stake in Black Hills by 52.8% in the third quarter. AQR Capital Management LLC now owns 1,374,050 shares of the utilities provider’s stock worth $84,628,000 after purchasing an additional 474,947 shares in the last quarter. Zimmer Partners LP grew its stake in Black Hills by 2,100.0% in the third quarter. Zimmer Partners LP now owns 1,100,020 shares of the utilities provider’s stock worth $67,750,000 after purchasing an additional 1,050,020 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Black Hills by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the utilities provider’s stock worth $67,704,000 after purchasing an additional 21,922 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

Black Hills Stock Up 0.6%

Shares of NYSE:BKH opened at $71.90 on Friday. Black Hills Corporation has a 52-week low of $55.49 and a 52-week high of $78.69. The stock has a market cap of $5.47 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 2.83 and a beta of 0.72. The business’s 50 day moving average is $73.24 and its 200 day moving average is $72.21. 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, May 6th. The utilities provider reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). The company had revenue of $780.70 million for the quarter, compared to analysts’ expectations of $769.19 million. Black Hills had a return on equity of 7.77% and a net margin of 12.61%.The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.87 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts predict that Black Hills Corporation will post 4.34 EPS for the current year.

Black Hills Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a dividend of $0.703 per share. The ex-dividend date was Friday, May 15th. This represents a $2.81 dividend on an annualized basis and a yield of 3.9%. Black Hills’s dividend payout ratio is currently 73.18%.

Analyst Ratings Changes

BKH has been the topic of several research analyst reports. Weiss Ratings raised Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, May 21st. Bank of America increased their price objective on Black Hills from $72.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. BMO Capital Markets increased their price objective on Black Hills from $84.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Wall Street Zen cut Black Hills from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Finally, LADENBURG THALM/SH SH initiated coverage on Black Hills in a research note on Wednesday, April 1st. They issued a “buy” rating and a $77.00 price objective on the stock. Five equities 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.40.

Get Our Latest Research Report on Black Hills

Insiders Place Their Bets

In other Black Hills news, Director Robert P. Otto sold 4,109 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $74.22, for a total transaction of $304,969.98. Following the completion of the sale, the director owned 10,886 shares in the company, valued at $807,958.92. This represents a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

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.