Black Hills Stock Up 22% This Past Year as One Fund Makes $37 Million Utility Bet

2 days ago 4

Jonathan Ponciano, The Motley Fool

Mon, March 2, 2026 astatine 8:03 AM CST 4 min read

Think Investments initiated a caller presumption successful Black Hills Corporation (NYSE:BKH), acquiring 537,637 shares successful the 4th quarter, according to a February 17, 2026, SEC filing.

In its February 17, 2026, SEC filing, Think Investments disclosed a caller presumption successful Black Hills Corporation, buying 537,637 shares during the 4th quarter. The quarter-end worth of the involvement accrued by $37.32 million.

This is simply a caller holding for the fund, accounting for 4.16% of 13F reportable AUM astatine quarter-end.
Top holdings aft the filing:
- NASDAQ: AMZN: $75.08 cardinal (9.6% of AUM)
- NASDAQ: MRVL: $63.55 cardinal (8.1% of AUM)
- NASDAQ: SMTC: $49.11 cardinal (6.3% of AUM)
- NYSE: BABA: $46.98 cardinal (6.0% of AUM)
- NYSE: RDDT: $45.60 cardinal (5.8% of AUM)
As of February 17, 2026, Black Hills Corporation shares were priced astatine $73.66, up 22% implicit the past twelvemonth and outperforming the S&P 500’s astir 17% summation successful the aforesaid period.

Metric

Value

Market Capitalization	$5.55 billion
Revenue (TTM)	$2.31 billion
Net Income (TTM)	$291.60 million
Dividend Yield	4%

Black Hills Corporation provides electrical and earthy state inferior services, including energy generation, transmission, distribution, and earthy state organisation crossed aggregate U.S. states.
The steadfast operates a regulated inferior concern model, generating gross chiefly done the transportation of indispensable vigor services and infrastructure to residential, commercial, and concern customers.

Black Hills Corporation is simply a diversified inferior institution with a important beingness successful some electrical and earthy state markets crossed the cardinal United States. The institution leverages regulated operations to supply stable, recurring gross streams and accordant currency flow. Its integrated attack to vigor transportation and infrastructure positions it arsenic a reliable supplier of indispensable services wrong its determination footprint.

Adding a meaningful inferior involvement alongside ample positions successful Amazon and semiconductor names suggests a deliberate effort to temper volatility without abandoning growth. For its part, Black Hills finished 2025 with coagulated operating momentum. The institution reported afloat twelvemonth GAAP net of $3.98 per stock and adjusted net of $4.10 per share, astir successful enactment with the midpoint of guidance and supported by lawsuit maturation and caller complaint betterment crossed its electrical and state businesses. Management introduced 2026 net guidance of $4.25 to $4.45 per stock and reaffirmed a agelong word EPS maturation people of 4% to 6%. Meanwhile, the dividend was accrued for the 56th consecutive year, extending 1 of the longer payout streaks successful the inferior space.

Unlike cyclical concern oregon precocious beta exertion names, regulated utilities trust connected approved complaint bases and predictable superior investment. Within a portfolio tilted toward ample headdress tech and prime maturation plays, a 4% allocation to a dependable Midwest vigor supplier stands out.

For agelong word investors, this is little astir chasing a 22% 1 twelvemonth summation and much astir owning a concern with disposable currency flow, guided net growth, and a proven dividend grounds successful a marketplace that inactive swings hard connected macro headlines.

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