Crawford Investment Counsel Boosts Black Hills Stake

Investment firm increases holdings in utility company by over 260%

Mar. 15, 2026 at 11:11am

Got story updates? Submit your updates here. ›

Crawford Investment Counsel Inc. has significantly increased its stake in Black Hills Corporation, a utilities provider based in Rapid City, South Dakota. According to a recent SEC filing, the investment firm boosted its holdings in Black Hills by 264.8% in the third quarter, now owning 447,651 shares worth $27.6 million.

Why it matters

The substantial increase in Crawford Investment Counsel's position in Black Hills suggests the firm sees strong potential in the utility company's future performance. As a major shareholder, Crawford's actions could influence the company's strategic direction and investor sentiment.

The details

Crawford Investment Counsel Inc. added 324,931 shares of Black Hills Corporation to its portfolio in the third quarter, bringing its total holdings to 447,651 shares. This represents a 264.8% increase from the previous quarter. Black Hills is a diversified energy company that provides electricity and natural gas distribution services across several states in the Mountain West region.

  • Crawford Investment Counsel Inc. filed its latest 13F report with the SEC on March 15, 2026, disclosing the increased stake in Black Hills.

The players

Crawford Investment Counsel Inc.

An investment management firm that oversees over $10 billion in client assets.

Black Hills Corporation

A diversified energy company that provides electricity and natural gas distribution services in Colorado, Kansas, Montana, Nebraska, South Dakota, and Wyoming.

Got photos? Submit your photos here. ›

The takeaway

Crawford Investment Counsel's substantial increase in its Black Hills stake suggests the firm sees strong growth potential in the utility company. As a major shareholder, Crawford's actions could influence Black Hills' strategic direction and investor sentiment around the stock.