JPMorgan Chase Boosts Stake in Black Hills Corporation

Investment firm increases holdings in utility provider by 67.7%

Published on Feb. 28, 2026

Got story updates? Submit your updates here. ›

JPMorgan Chase & Co. has increased its stake in Black Hills Corporation, a utility provider based in Rapid City, South Dakota, by 67.7% during the third quarter. The institutional investor now owns 618,131 shares of the company, representing approximately 0.85% of Black Hills' outstanding stock.

Why it matters

This move by one of the largest investment firms in the world signals confidence in Black Hills' long-term prospects as an energy provider. The increased stake could also indicate JPMorgan Chase's belief that Black Hills is well-positioned to navigate the evolving utility landscape.

The details

According to a recent SEC filing, JPMorgan Chase & Co. acquired an additional 249,640 shares of Black Hills Corporation during the third quarter. This brings the firm's total holdings in the utility provider to 618,131 shares, valued at approximately $38 million. Black Hills operates electric and natural gas utilities across several states, including Colorado, Kansas, Montana, Nebraska, South Dakota, and Wyoming.

  • JPMorgan Chase & Co. increased its stake in Black Hills Corporation during the third quarter of 2026.

The players

JPMorgan Chase & Co.

A multinational investment bank and financial services company headquartered in New York City.

Black Hills Corporation

A diversified energy company based in Rapid City, South Dakota that provides electricity and natural gas distribution services to residential, commercial, and industrial customers.

Got photos? Submit your photos here. ›

The takeaway

JPMorgan Chase's increased stake in Black Hills Corporation suggests the investment firm sees long-term value in the utility provider's operations and growth potential. This move could signal broader investor confidence in the company's ability to navigate the evolving energy landscape.