Peak6 13F: New $1.6M Stake in Black Hills (BKH)

Peak6 has taken a new position in Black Hills Corporation (NYSE: BKH), acquiring 21,677 shares valued at approximately $1.65 million. This move was revealed in their latest Form 13F filing with the SEC, reflecting holdings as of the reporting period.

What Changed in Peak6's Black Hills Corporation Position

Peak6 opened a new position in Black Hills Corporation, purchasing 21,677 shares. This marks a significant investment with a total value of about $1.65 million, as the fund had no prior holdings in the company.

Other Institutional Activity in Black Hills Corporation

Several other major funds also made adjustments to their positions in Black Hills Corporation. BlackRock, Inc. trimmed its holdings by 8,647 shares, bringing its total to 12,129,658 shares valued at approximately $841.9 million. Vanguard Portfolio Management LLC initiated a new position with 5,039,870 shares worth around $349.8 million. State Street Corp reduced its stake by 159,555 shares, ending with 3,620,556 shares valued at $251.3 million. Vanguard Capital Management LLC also opened a new position, holding 3,369,588 shares valued at $233.9 million. Nomura Asset Management International Inc. slightly increased its holdings by 24,130 shares to 2,679,192 shares, valued at about $186.0 million.

Black Hills Corporation Stock Up 7.9%

On Saturday, shares of NYSE:BKH traded near $76.04. Black Hills Corporation, with a market cap of approximately $5.79 billion, has a P/E ratio of 19.8 and a forward P/E of 16.5. The stock's 52-week range is between $55.50 and $78.69. The company's 50-day moving average is $73.71, while the 200-day moving average is $70.09. Black Hills has a current ratio of 0.65 and a quick ratio of 0.35, with a debt-to-equity ratio of 115.59.

Recent Earnings

Black Hills Corporation reported revenue of about $2.29 billion, although it faced a slight decline with a revenue growth rate of -3%. The company posted a net margin of 12.6% and a return on equity of 7.7%. Its next earnings report is scheduled for July 29, 2026.

Dividend

Black Hills Corporation offers an annual dividend rate of $2.81, yielding 3.7% with a payout ratio of 71.1%.

Insider Buying and Selling at Black Hills Corporation

Recent insider activity at Black Hills Corporation includes several purchases on May 1, 2026. Robert Beard, Anne Waleski, Tony Jensen, Barry Granger, and Kathleen McAllister each bought 1,921 shares. Meanwhile, Otto Robert sold 4,109 shares on May 27, 2026.

Analysts Set New Price Targets

On June 11, 2026, B of A Securities upgraded Black Hills Corporation to a 'buy' rating with a price target of $78. BMO Capital maintained its 'buy' rating with a target of $91 on April 15, 2026. The consensus among analysts is a 'strong buy', with a mean target price of $83.40 based on five opinions.

About Black Hills Corporation

Black Hills Corporation is a utility company based in Rapid City, South Dakota. It operates through Electric Utilities and Gas Utilities segments, serving customers across several states including Colorado, South Dakota, and Wyoming. The company also engages in non-regulated services like home appliance repairs and construction services. Led by CEO Mr. Linden R. Evans, Black Hills employs approximately 2,795 people.

Bottom Line

Peak6's new stake in Black Hills Corporation highlights interest in the utility sector, a traditionally stable investment area. The company's recent financial performance and insider activity provide insights into its operational health. Investors often track these filings for potential trends, though it's important to remember that 13F filings offer a backward-looking view of fund positions.