Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Black Hills Corporation $BKH

25 Aug 2026, 08:52 by Kim Johansen · The Markets Daily

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Black Hills Corporation (NYSE:BKH – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 337,335 shares of the utilities provider’s stock, valued at approximately $25,098,000.

A number of other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in shares of Black Hills by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,342 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 137 shares during the last quarter. Meeder Advisory Services Inc. increased its holdings in Black Hills by 1.6% in the 4th quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider’s stock worth $638,000 after buying an additional 145 shares during the period. Van ECK Associates Corp increased its holdings in Black Hills by 0.6% in the 3rd quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock worth $1,614,000 after buying an additional 154 shares during the period. Farther Finance Advisors LLC raised its position in Black Hills by 11.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,516 shares of the utilities provider’s stock worth $105,000 after buying an additional 156 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in Black Hills by 4.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,827 shares of the utilities provider’s stock worth $266,000 after buying an additional 168 shares during the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

Black Hills Trading Up 0.5%

Black Hills stock opened at $72.04 on Tuesday. The firm has a market cap of $5.49 billion, a PE ratio of 18.19, a P/E/G ratio of 2.84 and a beta of 0.71. Black Hills Corporation has a 12 month low of $58.06 and a 12 month high of $78.69. The stock’s 50 day simple moving average is $73.66 and its two-hundred day simple moving average is $73.15. The company has a current ratio of 0.52, a quick ratio of 0.41 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 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.13. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The firm had revenue of $452.80 million during the quarter, compared to analyst estimates of $490.89 million. During the same period in the previous year, the firm earned $0.38 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts anticipate that Black Hills Corporation will post 4.34 earnings per share for the current year.

Black Hills Announces Dividend

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 issued a $0.703 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.81 dividend on an annualized basis and a yield of 3.9%. Black Hills’s payout ratio is presently 70.96%.

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 dated 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 transaction, the director owned 10,886 shares in the company, valued at approximately $807,958.92. This represents a 27.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on BKH. BMO Capital Markets dropped their price objective 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. Bank of America boosted their target price on shares of Black Hills from $78.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Oppenheimer set a $78.00 price target on shares of Black Hills in a report on Thursday, June 11th. Wall Street Zen raised Black Hills from a “sell” rating to a “hold” rating in a research report 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $81.67.

View Our Latest Stock Analysis on Black Hills

About Black Hills

(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.