Hightower Advisors Adds $4M in Black Hills Corporation ($BKH)
Key Points
- Hightower Advisors changed its Black Hills Corporation ($BKH) stake by 20.05% last quarter, boosting to 334,520 shares worth $24.89 million.
- $BKH last traded around $74.40.
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Hightower Advisors increased its position in Black Hills Corporation ($BKH) by 20.05% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 334,520 shares of Black Hills Corporation after buying 55,861 shares during the quarter. Hightower Advisors's holdings in Black Hills Corporation were worth $24.89 million as of its most recent filing.
Black Hills Corporation Stock Up 2.2%
Shares of Black Hills Corporation ($BKH) traded around $74.40 on Saturday, up 2.2% for the day.
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About Black Hills Corporation
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates through the Electric Utilities and Gas Utilities segments. The Electric Utilities segment engages in the generation, transmission, and distribution of electricity to electric utility customers in Colorado, Montana, South Dakota, and Wyoming; ownership and operation of 1,386 megawatts of generation capacity, and 9,478 miles of electric transmission and distribution lines; sale of excess power to other utilities and marketing companies; and ownership and operation of non-regulated power generation and mining assets. Its Gas Utilities segment is involved in the distribution of natural gas to approximately 1,138,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; ownership and operation of 4,581 miles of intrastate gas transmission pipelines; 44,840 miles of gas distribution mains and service lines; seven natural gas storage sites; and approximately 50,000 horsepower of compression and 494 miles of gathering lines. The company also provides non-regulated services to its retail customers, including Service Guard Comfort Plan, which provides home appliance repair services through on-going monthly service agreements to residential utility customers; Tech Services, which include construction and maintenance of customer-owned gas infrastructure facilities, as well as electrical system construction services; and HomeServe, which are additional home repair service plans for natural gas residential customers. In addition, the company produces electric power through wind, natural gas, and coal-fired generating plants, as well as coal at its coal mine located near Gillette, Wyoming. Black Hills Corporation was incorporated in 1941 and is headquartered in Rapid City, South Dakota.
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