NTV Asset Management 13F: New $561K Stake in Black Hills (BKH)

NTV Asset Management reported a new stake in Black Hills Corporation NYSE:BKH, picking up 8,000 shares valued at about $560,640. The position was revealed in an SEC Form 13F filing filed on October 23, 2026.

BKH Black Hills Corporation

$79.41 ▲ +17.31% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in NTV Asset Management's Black Hills Position

The fund started a brand-new position in the utility provider during the period, purchasing 8,000 shares. The reported value of the stake stood at $560,640 as of the filing date.

Other Institutional Activity in Black Hills

Nomura Asset Management International Inc reduced its holdings by 182,182 shares, ending with 2,496,967 shares worth about $198,284,158. AQR Capital Management, LLC grew its holdings by 636,462 shares for a 39.9% increase, finishing with 2,232,003 shares valued at about $177,243,366. Point72 Asset Management, L.P. added 218,024 shares, representing an 11.2% increase to end with 2,161,197 shares worth about $171,620,661. Franklin Resources, Inc. grew its stake by 386,837 shares, a 24.5% jump that left it holding 1,963,191 shares valued at about $155,897,004.

Black Hills Corporation Stock Up 1.1%

The stock closed at $79.41 on October 23, 2026, and recently traded at the same level. That puts the shares just below their 52-week high of $79.65 and well above the 52-week low of $62.27.

Recent Earnings

Trailing twelve month revenue reached $2,299,300,096 with earnings of $3.97 per share. Profitability metrics included a net margin of 13.0% and a return on equity of 8.0%. The company is scheduled to report its next financial results on November 4, 2026.

Dividend

Investors receive an annual dividend rate of $2.81 per share, which translates to a dividend yield of 3.55%. The payout ratio sits at 69.5%.

Insider Buying and Selling at Black Hills Corporation

Chief Financial Officer Kimberly F Nooney sold 14,500 shares on November 10, 2025, at an average price of $70.70 for a total value of $1,025,150. Director Robert P. Otto sold 4,109 shares on May 27, 2026, at an average price of $74.22 for a total value of $304,970.

Analysts Set New Price Targets

On September 21, 2026, B of A Securities maintained its buy rating on the stock while raising its price target to $97.00 from $87.00. Freedom Broker initiated coverage with a hold rating and a $69.00 price target on September 30, 2026, and later upgraded the stock to a buy with a $78.00 target on October 7, 2026. BMO Capital maintained an outperform rating on October 8, 2026, lifting its target to $86.00 from $83.00. Jefferies initiated coverage with a buy rating and an $87.00 price target on October 15, 2026. Overall, the stock carries a strong buy recommendation from analysts with a mean price target of $87.07 across seven analyst opinions.

About Black Hills

Headquartered in Rapid City, South Dakota, Black Hills Corporation operates as a regulated electric and natural gas utility provider in the United States. The company delivers essential utility services to residential, commercial, and industrial customers through its core operational segments.

Bottom Line

Investors will look ahead to the company's upcoming earnings report on November 4, 2026, for further updates on financial performance and operational growth.